Moreton Coal ProJect

Moreton Coal Project Click map to enlarge

Following the acquisition of Moreton Energy Pty Ltd COALBANK has four tenements in the Clarence-Moreton Basin containing identified Walloon Coal Measures that remain relatively under-explored. All four tenements are strategically located on railway infrastructure connected with Brisbane and good road access. Initial drill results from the Moreton Project have been assessed and final coal core analysis results are being interpreted.

The four tenement areas are described below.

Veresdale Scrub (EPC 1302)

Prior exploration between 1978 and 1992 by New Hope Corporation identified an in situ tonnage of 28.2 million tonnes of thermal coal outcropping on the eastern limb of the Logan Sub-Basin at Veresdale Scrub from a depth of 12m to 100m. It is estimated that approximately 60% of this deposit lies within EPC 1302.

Strathnaver Colliery/Bromelton Prospect (EPC 1299)

Bromelton is located on the western flank of the Logan Sub-Basin where the Walloon Coal Measures crop out, possibly at shallow depths.

Albert River Prospect (EPC 1313)

The Walloon Coal Measures are known to crop out in the headwaters of the Albert River in the south-east corner of EPC 1313 where they occupy an erosional window in the volcanic cover at the foot of the Lamington Ranges.

Rathdowney/Palen Creek (EPC 1524)

Rathdowney lies 30km to the southwest of Beaudesert in southeast Queensland. The area contains sediments of the Walloon Coal Measures on the eastern flank of the South Moreton Anticline.