Oaklands North EL 6861 (Coalworks Limited 100%) Oaklands environmental baseline investigations have continued with ongoing ground water monitoring. CTL (coal to liquids) pre-feasibility study investigations are also continuing. The CTL study initially envisaged a 7,000 barrels of petrol per day operation at Oaklands, which would equate to about 2% of Australian petrol consumption, however, larger scale operation options have been evaluated as part of the study and it is likely that a base case will be higher than 7,000 barrels per day. The consultants are nearing the end of this study, which will complete a major milestone in developing Oaklands North into a world class project.
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