Business

More Tiaro coal than first thought

COAL exploration company Tiaro Coal has further extended its estimated resource after upgrading its stock market approved near-Gympie coal resource estimate to 87 million tonnes.

The estimate is accompanied by a report from independent geological consultants that the seams are likely to extend into new areas.

And the company's chief geologist Jacob Rebec says the exploration target area is over several leases in the Tiaro-Gunalda area, all under Tiaro Coal leases.

The company says there remain uncertainties about some of the larger regional resources, additional to the market-approved 87 million tonne estimate.

An estimate of 200-300 million tonnes has been made after taking into account deposits in neighbouring lease areas, also under Tiaro Coal control.

The company says extensions of the resource into new areas will require further assessment and quotes Mr Rebek, a member of the Australian Institute of Mining and Metallurgy.

The company's statement says its 300 million tonne estimate refers to an exploration target and is based on priority target areas in addition to the 87 million tonne market approved estimate.

The 200 million tonne lower estimate takes into account "uncertainties as regards the extent of structural disruptions which may cause difficulties in correlating of coal seams between drill holes."

The confirmed 87 million tonne estimate, however, is approved under the market recognised "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

The new 87 million approved estimate was released earlier this month, according to a statement from the company.

Gympie Times

Topics:  tiaro coal




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

OPINION: How to prepare your child for day care

Your kids will love childcare, but it may take some adjusting.

GETTING your child ready for day care is vital.

MUMS' TOP 5: 'Musts' to have on your childcare checklist

SOME FALL SHORT: Organisations that train childcare workers will be subjected to extra audits.

SENDING your child off to day care can be daunting and confusing.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

Two crocs sighted near Beaver Rock

PAST CROCODILE: One of the crocodiles previously spotted and later captured in the Mary River.

The hunt continues for two confirmed crocs living in the Mary River.

No jail time for man who pleaded guilty to molesting kids

THE Maryborough man will serve no jail time for child sex charges.

A dream job for “Sneaky” Bob

MUSICAL LIFE: Bob Tryhorn, owner of Gympie Musicland, is celebrating the store’s 20th birthday on July 1.

Bob Tryhorn has been living the dream for the past 20 years.

Latest deals and offers

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward

Rockhampton property in a lull, but a change is coming

Rockhampton's housing market in "pre-election mode"