Overview
Norton secured title to the Middlemount coal tenement (EPC
1033) in March 2006.
The southern area, which is prospective for an open cut PCI
mine development, is called the Sienna Project; and the northern
area, prospective for underground coking coal, is called the
Electra Project.
In June 2008, a drilling program over the Sienna area (Phase
I) was completed. This was the basis for an independent scoping
study which indicated the potential for a large open cut PCI
mine. Details were then advised to the market and
can be accessed via the following link.
Drilling
indicates potential for large open cut PCI mine
July 2, 2008
A Phase 2 drilling program covering the Sienna
area was completed in April resulting in a JORC-compliant
coal Mineral Resource of 57 million tonnes being defined.
Details and plans for further work are set out in the ASX
release 27 April 2009 and can be accessed via the following
link.
Sienna Coal initial resource defined: 57 million tonnes
April 27, 2009
The Company is now undertaking conceptual studies to determine economic viability of the project in light of the current market conditions of the likely coal products and mining parameters.
Electra has the potential for high quality coking coal at depths below 300 metres similar to that mined at the nearby Norwich Park Mine. Electra has had limited drilling. The status of Electra and how best to move it forward will be considered in conjunction with the Sienna project.
In November 2009 the Electra area had one hole drilled to 702 metres.
Details and information on the Norton coal project are set out in the ASX
release 18 March 2010 and can be accessed via the following
link.
Norton Coal Project Information Memorandum
March 18, 2010
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