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ALLEGIANCE COAL LIMITED - Discussion

Allegiance Coal Limited is engaged in the acquisition and exploration of coal tenements.... Allegiance Coal Limited is engaged in the acquisition and exploration of coal tenements. The Company's project, Back Creek, is located approximately 45 kilometers south-east of Wandoan in the Surat Basin covering an area of approximately 62 square kilometers and comprises exploration permit for coal (EPC) 1297 tenement. The Calen Project is located approximately 25 kilometers west of Mackay in the Calen Basin and covers an area of over 214 square kilometers. The Calen project consists of EPCs 1631 and 1820 tenements. The Mt Marrow Project is located near Ipswich in the West Moreton Coalfield covering an area of approximately 91 square kilometers, and consists of EPC 2374 tenement. The Townsville Project is located in the northern extension of the Bowen Basin covering an area of approximately 696 square kilometers and consists of EPCs 1492 and 1617. It also owns Telkwa coking coal project, which is located within the southern reaches of the Bowser basin.More