🕐06.04.11 - 05:27 Uhr
Rey Resources lodges Application for Mining Lease
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Hi Valued Stakeholder,
ASX Release
6 April 2011
Duchess Paradise Measured Resource increases
to
60 million tonnes of thermal coal
Measured Resources in the upper (P1) seam upgraded to 60.2 million
tonnes of thermal coal.Total P1 seam resource increased to 305.8
million tonnes.Reserve statement expected in second quarter
2011.Definitive Feasibility Study (DFS) set for completion in June
2011.2011 drilling program to commence in second quarter 2011.
Rey Resources Limited (ASX: REY; “Rey Resources”) is pleased to
announce it has completed its re-estimation of the Duchess Paradise
thermal resource for the upper (P1) seam, based on the JORC
guidelines, following information received from the 2010 drilling
season.
“The establishment of a substantial Measured Resource is a major
step towards the calculation of a reserve and ultimately, subject to
regulatory and other approvals, a mining operation at Duchess
Paradise,” said Rey Resources’ Managing Director, Kevin Wilson.
Click here for full text of the ASX Release
Contact:
Kevin Wilson
Managing Director
+61 8 9211 1999
About Rey Resources Limited
Rey Resources is an Australian, ASX-listed resource exploration and
development company (ASX: REY) with interests in the Canning Basin,
Western Australia.
The company’s primary focus is Duchess Paradise, a potential
thermal coal export project situated on the pastoral land, about 175
km southeast of Derby.
Based on a JORC resource of 511 million tonnes, and subject to
successful completion of the Definitive Feasibility Study and all
approval requirements, Rey Resources plans to start production at a
projected rate of two million tonnes per annum by late 2013.
The
company proposes to export coal via the Derby export facility.
www.reyresources.com -
http://cts.vresp.com/c/?FIRSt/53ed96fde3/210c982157/79f75ba4f0
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