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ACACIA COAL LIMITED

Acacia Coal Limited is engaged in exploration and project development of its coal... Acacia Coal Limited is engaged in exploration and project development of its coal tenement in the Bowen Basin in Queensland. The Company operates in the coal segment of the resources industry in Queensland, Australia. Its primary asset is the Comet Ridge Coking Coal Project (EPC 1230). Its activities are focused on EPC 1230 Comet Ridge, which is located in the Bowen Basin. EPC 1230 has a potential for coal resources amenable to surface and underground mining Aquila Resources (AQA) and McKenzie River Project Stanmore Coal (SMR). Its tenement is surrounded by the Ensham, Jellinbah East, Blackwater and Curragh operating coal mines in the Rangal coal measures that produce thermal and coking coal products. Its exploration at EPC 1230 is focused on the shallow Fair Hill coal sequence in the southern area of the tenement. Its Fair Hill seam is made of banded sequence claystone, carbonaceous mudstone and coal. Its Triumph Seam lies over 25 meters below the Fair Hill Seam.More