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Acacia Coal Limited (AJC)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Acacia Coal Limited
Acacia Coal is a publicly listed company on the Australian Securities Exchange (ASX), and is involved in coal exploration and mine development.
Their prime objective is to identify, acquire and exploit opportunities in coal resources to provide coal for the export market.
Current activities are focused on coal tenement EPC 1230 Comet Ridge, which is located in the Bowen Basin in Central Queensland, and in which the company has a 100% interest.
Exploration Permit (Coal) 1230 was granted on 10 September 2008. It initially consisted of 86 sub-blocks and after relinquishment of area in 2012 and 2013, it currently (at Dec 2013) comprises 31 sub-blocks. The tenement is located in Queensland's Bowen Basin and covers a structural dome (the Comet Anticline) interpreted to host the coal measures of the Lower Permian German Creek, Fair Hill and Burngrove sequences.
EPC 1230 has a high potential for coal resources amenable to surface and underground mining similar to the adjacent Washpool Project (Aquila Resources "AQA") and McKenzie River Project (Stanmore Coal "SMR"). The tenement is surrounded by the existing Ensham, Jellinbah East, Blackwater (BMA) and Curragh ('WES") operating coal mines in the Rangal Coal Measures that produce thermal and coking coal products. Bandanna Energy's ("BND") Springsure Creek Project is located some 25 kms to the west.
Exploration at EPC 1230 has focused on the shallow Fair Hill coal sequence in the southern area of the tenement. Previous drilling by Ingwe Australia Pty Ltd (1996) intersected coal seams within the Fair Hill Formation including hole references CR005 (9.89 metres from 53.5m) and CR007 (5.99 metres from 5.3m).
During 2011, a total of 60 holes were drilled by Acacia in the initial exploration programme which successfully intersected coal over a significant area in the southern portion of the tenement which identified:
- A multi-ply, banded coal seam ranging from 5 to 14 metres in thickness, present from surface to greater than 120 metres vertical depth; and,
- A second coal seam (Triumph) was intersected some 25 metres stratigraphically below the Fair Hill seam.
During 2012, an extensive delineation drilling programme comprising 137 holes for a total of 5,001 metres targeting both seams was completed, which resulted in Maiden (20 Oct 2011) and Update (7 Dec 2012) JORC Resource Reports.
Interpretation of geological geophysical data and geological modelling indicates both coal horizons dip gently to the south-southwest at approximately 2-5 degrees and are tentatively correlated with known seams in the Fair Hill Formation.
A further 38 holes, totaling 1,605 metres, were drilled during the September 2013 drilling programme. The drill holes recovered additional Triumph and Fair Hill seam cores for further drop shatter testing, coal quality analysis, geochemical and geotechnical testing. The data used to update the geological model, and the JORC Resource Statement prior to mine design and release of a JORC Reserve Statement in 2014.
Acacia Coal Limited
Tower A, Zenith Centre
821 Pacific Highway
+61 1300 222 625
Fax: +61 2 9475 0869
The General Overview, Services, Products and Projects information for this profile was last edited on 11 Jun 2015.