Located about 6km north of the town of Oaklands, the project contains a group of kaolin mines within the southern zone of EL 6861. Oaklands black, thermal, low sulphur coal is ideal for gasification where coal is converted to synthetic natural gas (syngas) for power, or to upgrade to value-added products
Coalworks has initiated a bankable feasibility study (BFS) to determine a precise mine plan and provide a basis for project financing. Leading international engineers Minarco-MineConsult have been appointed to act as BFS Study Manager.----------------------
I detoured from my journey earlier this morning and had a look at these workings and there was plenty of activity with approx 8 or 9 large yellow machines in various forms doing various things.
CWK Price at posting:
44.3¢ Sentiment: Hold Disclosure: Held