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Tuesday, January 25, 2011

Rey Resources update on steam coal mining lease at Canning Basin

Tuesday, 25 Jan 2011

Rey Resources 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.

(Sourced from Proactive Investors)

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