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:
ASX ANNOUNCEMENT17 July 2013MACKENZIE PCI COAL PROJECT | MAIDEN...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
