RESERVES
Linc Energy Limited currently holds 14 granted (with a further 12 under application) tenements under Exploration Permits for Coal (EPC’s), 3 Mineral Development Licence (MDL’s) under application, 1 MDL granted and 3 Mining Lease Applications. The EPC’s and those under application combine to contain a total of 3052 sub-blocks covering an area of approximately 10,377 square kilometres.
Click here to view the distribution of these tenements around Queensland.
Mitchells Drilling Services, JD Drilling and Linc Energy’s own drilling rig have been engaged and will be utilised to progress an aggressive exploration program planned for 2008 with the goal to explore these EPC’s.
Exploration within the EPC’s has the potential to expand the current resource in these properties in excess of 5 billion tonnes. Independent consultants Xenith Consulting Pty Ltd were appointed to create a block resource model for Chinchilla and review and validate Linc Energy Limited exploration data sets. The JORC statement was released to ASX in February 2008, which identified an indicated resource of 228.1 million tonnes and an Inferred resource of 172.9 million tonnes. The total JORC resource currently for Chinchilla is 401 million tonnes. This resource is enough to provide estimated syngas feedstock to a 20,000bpd GTL plant for 90 years.For more information, click here.
