Moreton Board To
Consider ‘Next Step’
Moreton Resources will soon decide whether to proceed with the next stage of its Kingaroy coal mine project
Moreton Resources will soon decide whether to proceed with the next stage of its Kingaroy coal mine project
Moreton Resources – the re-named Cougar Energy – has unveiled a new company structure which will place all its South Burnett holdings in a new 100 per cent-owned subsidiary company.
Moreton Resources’ application to renew its MDL for its holding near Kingaroy has been approved
Work has begun to remove the above-ground infrastructure at Cougar Energy’s failed underground coal gasification plant at Coolabunia.
Moreton Resources says the costs of washing and handling coal from a future mine at Coolabunia are half what the company expected, meaning it can now move on to developing a high level mine concept study for the proposal.
Moreton Resources has responded to reported comments by Deputy Premier Jeff Seeney about its coal asset near Coolabunia in a statement lodged today with the ASX.
Moreton Resources Limited has assured the ASX it will continue to investigate and review how best to progress its Kingaroy coal mine project, despite negative correspondence from Stanwell.
Moreton Resources CEO Jason Elks says Stanwell Corporation is rejecting savings of hundreds of millions of dollars – if not billions – by ruling out any future use of Moreton’s coal resource at Coolabunia.