Additional Information
Market: ASX
Sector: General Mining - Coal
EPIC: RES
Latest Price: A$0.33  (0,00%)
52-week High: A$0.88
52-week Low: A$0.33
Market Cap: A$82.73M
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Resource Generation
resgen.com.au

Resource Generation (ASX: RES) is developing one of South Africa’s largest remaining coal deposits, with the company's focos on the Boikarabelo tenements, in the Waterberg region of South Africa.

 

The strategy for the company is to develop high grade “energy” related resources into viable and competitive mining operations. Accelerated shareholder value will be delivered through the delivery of physical mining activity.

Pdf

Resource Generation kicks off coal exploration drilling in Tasmania

22nd Jun 2010, 9:25 am

Resource Generation (ASX: RES) has today commenced exploration drilling for thermal coal on its Woodbury tenement in the Midlands region of Tasmania.

Studies to date have identified Woodbury as potentially the most attractive of the company’s exploration tenements in the region as there is known mineralisation in the area.

The exploration programme encompasses 24 holes, 12 of which will be fully cored, and is designed to confirm historical data and provide coal quality information.

The company expects the programme to cost approximately $500,000, take 10 weeks and will be followed by laboratory analysis of the samples.

"Depending on the results of the drilling, we will evaluate the potential for an open-cut mine producing thermal coal for the export market," said Paul Jury, managing director.
 
"Assuming this progresses, it will provide diversification for the company. Meanwhile, we are continuing with our plans to develop the Boikarabelo mine in South Africa, which remains our main focus."

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