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New Age Exploration receives exploration and mining licence at Lochinvar Coking Coal Project

Coal News - Published on Fri, 12 Apr 2019

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Proactive Investors reported that New Age Exploration Limited has been granted an exploration licence, conditional mining licence and option by the Coal Authority for 66.5 square kilometres adjoining the existing Lochinvar licence to the north and east. Following an application over Lochinvar North licence, which was lodged in February 2018, the Coal Authority confirmed the grant of the Lochinvar North licence to New Age Exploration on April 8, 2019.

New Age Exploration executive director Joshua Wellish said that “The board is very pleased we have been able to secure the Lochinvar North licence – it is an important development for the project as we now control the up dip potential of the deposit and have a strategic foothold on the known mineralisation.”

An initial 12 to 24-month work program has been developed for the Lochinvar North licence area with the key aim to define a JORC compliant resource similar to that already defined in the adjoining Lochinvar licence.

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Posted By : Rabi Wangkhem on Fri, 12 Apr 2019
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