Australian Pacific Coal Limited advises that its joint venture partner in the
East Wandoan project, Cuesta Coal Limited has announced that their Initial
Public Offering has now closed.
East Wandoan Project
Located in south-east Queensland's coal province, Australian Pacific Coal has a joint venture with Cuesta Coal Limited through 100% owned subsidiary Blackwood Resources Pty Ltd. The joint venture agreement covers four quality exploration permits prospective for shallow thermal coal.
Under the joint venture agreement, AQC has a 10% free carried interest up to the feasibility study stage with Cuesta Coal required to expend at least the minimum exploration commitment with the aim to prove up a coal resource and complete a feasibility study for the project(s).
Source - Australian Pacific Coal
(www.steelguru.com)
East Wandoan Project
Located in south-east Queensland's coal province, Australian Pacific Coal has a joint venture with Cuesta Coal Limited through 100% owned subsidiary Blackwood Resources Pty Ltd. The joint venture agreement covers four quality exploration permits prospective for shallow thermal coal.
Under the joint venture agreement, AQC has a 10% free carried interest up to the feasibility study stage with Cuesta Coal required to expend at least the minimum exploration commitment with the aim to prove up a coal resource and complete a feasibility study for the project(s).
Source - Australian Pacific Coal
(www.steelguru.com)
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