Cockatoo will assume the management of the Dingo project and will have control over exploration activities at the Wonbindi and Dingo projects, which cover over 80km on the southeastern flank of the Bowen Basin.
Under the deal, Toyota Tsusho will continue to have the right to earn up 5% participating interest in Dingo.
Cockatoo Coal is a coal exploration company with certain rights to four Queensland coal projects which the company proposes to further explore and, based on successful exploration results and economic conditions, develop towards the commencement of production and sale of coal.
