Managing Director’s Report 1st July to 31st December 2013
I take this opportunity to outline our key assets and commercial expectations for the coming year. Australian Pacific Coal is well placed to benefit from the further development of our coal resource assets.
Maximisation of the potential value of our coal tenement assets is achieved with the completion of exploration programs designed to identify the quantity and quality of our coal resources. Proving up tenement resources positions the company to maximise potential returns to shareholders, identifies our assets’ development potential and opens opportunities for sole funded development, joint venture development or outright sale of each project. The desktop evaluation stage of exploration has been completed for most project areas. Exploration activites are now focused on proving up the resource areas through carefully targeted drilling programs.
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