Leigh Creek cashed up to develop coal-to-gas project

LEIGH Creek Energy has reported a net annual loss for FY2020 of $7.2 million as the company continues to invest in advancing work on the commercialisation of the Leigh Creek Energy coal-to-gas project in South Australia.

sponsored-logo
Leigh Creek cashed up to develop coal-to-gas project Leigh Creek cashed up to develop coal-to-gas project Leigh Creek cashed up to develop coal-to-gas project Leigh Creek cashed up to develop coal-to-gas project Leigh Creek cashed up to develop coal-to-gas project

The company said it had ample reserves of cash with $6.8 million on its books as at June 30 2020.

Leigh Creek Energy managing director Phil Staveley said the company finished FY2020 in a secure financial position, with funds in the bank and nil debt.