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.
Rey Resources focused on thermal coal in move to Mining Lease at Canning Basin
Rey Resources (ASX: REY) is looking to progress the thermal coal Duchess Paradise project in the Canning Basin.
Rey has lodged a mining lease application to convert parts of two exploration permits into a mining lease.
The application includes sections of the previously reported Duchess Paradise thermal coal resource and its possible extensions.
Rey said the Definitive Feasibility Study on Duchess Paradise is on schedule for completion at the end of the second quarter, 2011.



















