Summary
- The Company currently holds 17 granted Exploration Permits for Coal (EPC’s), 10 Exploration Permits for Coal Applications (EPCAs) and 6 Mining Development Licence Applications (MDLAs) in Queensland.
- 5,795 km2 in granted tenure and 6,029 km2 in applications within the Surat and Galilee Basins.
- Independent audit confirmation (Uhde Shedden) received for Liberty’s fertiliser product scoping study model.
- Sale of Moorlands coal tenements ($500,000 cash proceeds) and part sale of Toro shares ($210,000) boosts cash reserves for the quarter.
- MoU with Carbon Energy continued.
- Positive discussions with the Provincial Government in Canada re Liberty’s plan for coal gasification.
- New fertiliser studies being prepared for independent audit.
- Further reductions in budgeted spend to flow through during the next 2 quarters and some expenditure reallocated to Project Development as a result of positive studies.
- Further non core asset sales being negotiated.
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