COMPANY ACTIVITY

Tiaro positive over Qld tenements

POSITIVE results from Australian coal explorer Tiaro Coal’s seismic surveys on its Queensland coal tenements will keep the ball rolling towards further development, the company said.

Vivienne Ryan
Tiaro positive over Qld tenements

Tiaro labelled survey results on its Tiaro Coal Joint Venture (TCJV) tenements in Queensland as “encouraging” and said a further drill program would follow.

The TCJV is a partnership between Tiaro Energy, Core Coal and Jandale with Dynasty Metals looking to become a partner through further funding.

In June this year Tiaro finalised a deal with Dynasty which saw it accelerate exploration at its southeastern Queensland tenements, near Maryborough.

The Tiaro–Dynasty farm-in agreement would give Dynasty the right to acquire up to a 51% interest in the tenements.

Initial survey results show possible coal seams and provide better delineation of drilling targets.

Tiaro has the right to earn up to an 80% interest in the TCJV by solely funding $5 million worth of exploration expenditure over four years.

Tiaro subsidiary Maryborough Coal launched its initial public offering on the Australian Securities Exchange on September 29, in a bid to get funding for more exploration.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions