ResGen directors meet performance targets

EXPLORER Resource Generation posted a $A1 million loss for the 2009 second half, led by the expense of a $1.1 million issue of performance shares to managing director Paul Jury and executive director Steve Matthews.
ResGen directors meet performance targets ResGen directors meet performance targets ResGen directors meet performance targets ResGen directors meet performance targets ResGen directors meet performance targets

Waterberg #1 core samples

Blair Price

The company doubled the probable saleable coal reserves of its Boikarabelo project in South Africa’s Waterberg region to 603 million tonnes about two weeks ago.

More drilling is underway to target an additional 15-20% of the Ledjadja tenement area, with Resource Generation expecting further increases in resources and reserves.

The Boikarabelo project hosts 2.3 billion tonnes of thermal coal resources.

Resource Generation ended 2009 with a cash position of $17.69 million.

Shares in the company were unchanged at 40c this morning.

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