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Cockatoo Coal boosts coal resources by 24% in Surat Projects

Recent drilling by Cockatoo Coal (ASX: COK) has provided investors with a significant boost to total resources in the company's Surat projects in Queensland.

Total JORC resources in the Surat projects stands at 415.7 million tonnes, up 24% from 335.2 million tonnes.

The Tin Hut Creek JORC inferred resource now totals 118.6 million tonnes, an increase of 47% over previously defined resource over a strike length of over 7.0 kilometres.

This represents an ongoing expansion of the resource area to the south and west.

A 118.6 million tonne JORC inferred resource has been defined for the Tin Hut Creek project in EPCs 1134 and 813 (MDLA 430), with a strip ratio of 7.4:1 to a depth of 150 metres, over an area of 1,029 hectares.

Drilling at the Tin Hut Creek project of open holes and coal quality core holes, is set to recommence following ground conditions improving after the wet weather experienced in February and March.

A 75.6 million tonne JORC inferred resource has been defined for the Davies Road project in EPCs 1041 and 813, with a strip ratio of 9.5:1 to a depth of 150 metres, over an area of 724 hectares.

The Davies Road Resource represents a 25.2 million tonnes, or 33%, an increase on the previously announced resource.

Expansion of the coal resource base provides scope for future development of satellite operations to the Woori project, where mining is planned to commence coinciding with the commissioning of the Surat Basin Rail Link.

The recent acquisition of strategically placed freehold land, and the lodgement of MDLA 430 (Tin Hut Creek project) and MDLA 433 (Bottle Tree project) positions the Company for expedited project development and
future production.



Disclosure: The author holds no positions in the company