2 December 2010
Key Points:
- Positive results from recent coal sampling
- Gasification test work of coal samples underway
- Results support 'UCG to urea' scoping study findings
Fertilizer and clean fuels company, Liberty Resources Limited (ASX:LBY) is pleased to announce that newly received analytical results from coal sampling from the 100% Liberty owned Denison and Rodney Creek Projects in Queensland has added to the robustness of the 100% owned Denison and Rodney Creek Projects.
Based on these encouraging results, the company is now undertaking Gasification test work of the Coal samples recovered from the Project areas.
Project INFERRED RESOURCE AVERAGE COAL QUALITY
DENISON 1,058 million tonnes * Mod sulphur thermal coal CV of 6200 Kcal/kg
RODNEY CREEK 336 million tonnes** Mod sulphur thermal coal CV of 5100 Kcal/kg
The resources (announced in January 2010* and August 2010**) were completed by LBY and compiled in accordance with the Joint Ore Reserves Committee Code and guidelines.
Core and cutting samples were collected from historical drill material in both regions currently in storage at the Geological Survey of Queensland Exploration Data Centre in Brisbane. These samples were sent to SGS coal laboratory in Gladstone for proximate analysis, ultimate analysis, calorific value determination and relative density determination.
These results compare favourably with data taken from historical reports on drilling in the area and from comparison to coal of similar quality within the same basins as reported by Mutton 2007.
These coal calorific values are comparable with those used in the Liberty Scoping Study and the values determined by the Lawrence Livermore Laboratories as suitable for gasification and the economic extraction of the energy content from the tenements.
Liberty Resources' Managing Director, Andrew Haythorpe said this is a significant step forward in the development of Liberty's fertilizer projects in Queensland and has supported the previous scoping study findings announced by the Company.
"The next step will be to complete gasification test work on the samples to verify the actual quality and quantity of gas that the coal can produce" Mr Haythorpe said.
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