MORETON Resources is seeking to raise $11 million, which will be used to fund its MRV Tarong subsidiary’s drilling campaign and environmental approvals at the South Burnett Coal project in Queensland by the end of calendar year 2017.
The company has already completed a multi-criteria analysis to identify a 60m wide, 132km long transport corridor from its South Burnett coal deposit to Theebine for inclusion in an environmental impact...
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