KEY POINTS
Coal exploration
- EPC 1566 granted on 21 Jan 2014.
- EPC 2011 “Clermont” proceeding to grant.
- EPC 1896 proceeding to grant.
- EPM 19716 proceeding to grant.
- Rio Tinto Exploration provided positive initial exploration results on EPC1824 as announced in October. Additional exploration will be conducted in 2014.
Corporate
- Additional $300,000 proceeds from the issue of shares.
- Wesfarmers acquisition of MDL162 adjacent to our MDL453 “Cooroorah” tenement is positive news for AQC. It also sends a strong positive market signal for activity in the coal sector.
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