Canning Basin Coal Project (Cullen Resources)

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{{#badges: CoalSwarm|Navbar-WesternAustraliacoal}}The Canning Basin Coal Project (Cullen Resources) is a notional coal project in north-west western Australia which has been touted by Cullen Resources as part of a joint venture with Advaita Resources. (Stratum Metals, a small Sydney based exploration company, has promoted the Canning Basin Coal Project (Stratum Metals).)

The company states that the project cover 1315km² "of tenements and applications". It also reports that from a 23 hole drilling program, coal was discovered in only four holes and then only thin seams. (The company states the seams are "0.19-0.55m thick".)[1]

In its September 2012 quarterly activities report Cullen states that "currently there is minimal activity on these projects pending tenement approvals, and Cullen may seek to farm – out these projects pending improvement in investor sentiment in the coal sector."[2] In an October 2012 investor briefing the company did not mention its coal properties or list them in its "near term activities" list.[3]

Background

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References

  1. Cullen Resources, "Key projects", Cullen Resources website, accessed November 2012.
  2. Cullen Resources, "Quarterly Report for the period ended 30 September 2012", Cullen Resources website, October 31, 2012, page 18.
  3. Cullen Resources, "Investor Update - October 2012", Cullen Resources, October 16, 2012, page 21.

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