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Coal

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.