🕐29.06.10 - 04:44 Uhr

Liberty Resources [LBY] - Positive Scoping Study



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Liberty Resources [LBY] - Positive Scoping Study

Scoping Study Findings - Denison Gas Project, Queensland

Liberty Resources Limited (�Liberty�) (ASX: LBY) is pleased to announce that it has completed a nine month scoping study to validate the economics of an Underground Coal Gasification (�UCG�) syngas project in the Denison Trough in Queensland (�Project�).

The positive results from the study were based on 19,783 PJ of recoverable syngas produced at a cost of $1.79/GJ.

Assuming $3.00/GJ sale price for syngas, the model shows Project revenues exceeding A$59 billion.

Further studies are being completed on the Denison and elsewhere.

Syngas Project Operating Cashflow has been estimated at $24 billion using a 25.3 GJ/tonne Coal Heating Value (HV) and $11.8billion using 20GJ/tonne HV.

Both are considered more than adequate to cover future capital and development costs.



The table (refer to the attcahed anouncement) summarises the Project�s key study findings.

Further opportunities to upgrade the saleable products and hence revenues, as well as reduce operating and capital costs, have been identified.





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