Additional Information
Market: ASX
Sector: General Mining - Coal
EPIC: REY
Latest Price: A$0.12  (0,00%)
52-week High: A$0.28
52-week Low: A$0.11
Market Cap: A$43.46M
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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

Rey Resources Managing Director tops-up shareholding

6th Aug 2010, 9:28 am

Rey Resources (ASX: REY) Managing Director Kevin Wilson acquired 1,000,000 ordinary shares in an exercise of unlisted employee options on 6th August at $0.08 per share.

Currently, REY is trading at $0.14.

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