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Liberty Resources Substantial Shareholder Tops Up Interest To 10%

Liberty Resources' (ASX: LBY) substantial shareholder Auto Investment International has increased its stake in the company to 10% from 8.3%.

Auto acquired 289,709 shares for $12,803.63 ($0.044 per share) on 7 January and 4,564,946 shares for $251,072.03 ($0.055 per share) on 17 January, bringing its total shareholding to 28,354,655 shares.

Liberty had in November engaged McElroy Bryan Geological Services (MBGS) for the provision of geological, exploration and technical advisory services after its analysis revealed that a high quality coking coal fraction with a crucible swell number greater than 9 can be produced from its EPC1949 coal tenement in the Bowen Basin, Queensland.

MBGS has been advising the coal Industry for more than 40 years and will help the company with its exploration strategy, preparation of a geological model as well as coal identification and resource estimation.

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