Aquila rewards shareholders

AQUILA Resources says it will make a bonus issue of about 4.9 million ordinary shares to shareholders on a one-for-ten basis as recognition of the
Aquila rewards shareholders Aquila rewards shareholders Aquila rewards shareholders Aquila rewards shareholders Aquila rewards shareholders

Aquila executive chairman Tony Poli.

Michael Vaughan

Aquila is focused on advancing its Isaac Plains Coal joint venture with AMCI Holding Australia in Queensland's Bowen Basin.

The company recently calculated run-of-mine reserves of 19.7 million tonnes from a 135Mt resource for the project, which is flagged to produce 2Mt per annum over a ten-year mine life.

Aquila has advised the granting of a mining lease for the project is imminent and financing is well advanced.

Shares in Aquila closed at $5.35 after having traded at around the $2.00 mark back in May this year.

MiningNews.net

topics

loader