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Stratum Metals Expands Key Canning Basin Coal Tenements

Stratum Metals (ASX: SXT) is expanding the Canning Basin Coal Project in Western Australia with its application for a new coal tenement.

This takes to seven Stratum's Canning Basin coal tenements.

Tenement E04/2235 is located in the area of the Deep Well Anticline within the Fitzroy Trough in the north west part of the Canning Basin; where the most persistent and thicker coal seams have been reported from the Lightjack Formation at the base of the Permian Liveringa Group.

Significantly, it contains the Petaluma-1 petroleum well that had intersected 15 metres of coal bearing strata.

This was confirmed by later drilling undertaken by Rey Resources (ASX: REY).

Stratum's upcoming exploration for the project is on identifying targets likely to allow definition of thermal coal suitable for open pit and/or slot mining followed by application of highwall mining techniques.

Known coal intersections occur in the lower parts of the Lightjack Formation which is expected to outcrop on or immediately N-NE of Stratum's E04/1993 tenement boundary and dip back into the tenement. This area is the priority for an initial drilling program.

The Canning Basin Coal Project is located about 150 kilometres south west of Derby and less than 20 kilometres from Rey's Duchess Paradise Project, which are situated within the same coal-bearing host rocks.

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