International Coal (ASX: ICX) has received an initial substantial holder notification from its Consuelo Project partner Coal Face Resources, which now holds 19.25 million shares or a 12.58% stake in the company.
Coal Face is associated with Jason Moultrie of Moultrie Group, a leading mining services group in Queensland.
ICX is focused on advancing its Consuelo Project as well as the Bundaberg joint venture with Hancock Prospecting.
Consuelo is located in a premier coal producing location within the Bowen Basin, Queensland, just southwest of Glencore Xstratas' Rolleston Mine while drilling at the Bundaberg JV Project is expected to increase the current resource of 28.5 million tonnes of hard coking coal.
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