CXY 0.00% 0.3¢ cougar energy limited

hang on kids, do we have real coal????, page-22

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    ASX ANNOUNCEMENT

    17 July 2013

    MACKENZIE PCI COAL PROJECT | MAIDEN RESOURCE STATEMENT
    Cougar Energy Limited (ASX: CXY  - “the Company”) is pleased to announce a significant maiden JORC
    Inferred Resource estimate for its 100% owned Mackenzie PCI Coal Project(“Mackenzie” or “the project”).
    The project is located approximately 25 km north-east of Black water in the Bowen Basin in Central
    Queensland and covers an area of 21 km². It is situated between the open cut operating mines of
    Jellinbah and Yarrabee, both long-term producers of PCI grade export coal.
    Cougar Energy Chief Executive Officer & Managing Director Rob Neill said: “The Phase 1 exploration
    program at Mackenzie has exceeded our expectations with 70% of the deposit modelled and has
    successfully generated a significant discovery of PCI coal. This is very exciting news for Cougar Energy shareholders who now have an investment in a significant PCI coal asset.”
    “It gives us great confidence now to progress our scoping study for the project.” This is only a little bit of the ANN:
 
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