Renison Consolidated Mines quarterly report for period ending 31 March 2007

摘要

The company has interests in a number of coal projects in northern NSW. In addition to the exploration work to be undertaken, the Company is also considering options for its interests in its coal projects with respect to the most appropriate way in which to both ensure that shareholder value creation for these projects can be realised in a timely manner and that the ongoing exploration, and potential feasibility studies and development of the projects is funded. The Ashford Coking Coal Project comprises two 50 percent joint ventures with Northern Energy Corporation (NEC). The first is the Ashford Mine Area, a joint venture on EL 6234 and EL 6428 where an initial 18 mt resource has been identified and where NEC is funding exploration and a feasibility study to earn an additional 25 percent.