Additional Information
Market: ASX
Sector: General Mining - Coal
EPIC: REY
Latest Price: A$0.12  (-4.17% Descending)
52-week High: A$0.28
52-week Low: A$0.11
Market Cap: A$41.65M
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Rey Resources
www.reyresources.com

Rey Resources (ASX: REY) is thermal coal development company with a large resource and major land position of 8,000km2 in the emerging Canning Basin of Western Australia. A Pre Feasibility Study on the firm’s maiden 511Mt JORC resource at Duchess Paradise was completed in January 2010 and revealed a 2Mtpa highwall mining export thermal coal operation, commencing production in 2013, to be financially robust. Capital costs are estimated at A$113 million and operating costs at A$60/t FOBT Derby, where Rey has its own port and loading facility. A major exploration program in 2010 over 100kms of subcrop will seek to extend the 8 year life of the proposed operation and add new resources.

Pdf

Gujarat NRE Coking Coal extends takeover bid for Rey Resources

13th May 2010, 9:53 am

Coal developer Rey Resources (ASX: REY) has reported that Gujarat NRE Coking Coal Limited (previously Gujarat NRE Minerals Limited) has extended its off-market takeover bid for all of the ordinary shares in Rey Resources.

The offer is now due to close on Friday 11 June at 7.00 pm (EDST).

Gujarat NRE is involved in the mining, processing and marketing of coal products. It operates the NRE No. 1 Colliery (formerly know as South Bulli Colliery), located in the Southern Coalfields of New South Wales, with reserves of over 300 million tonnes of coking coal.

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