OGL Resources Limited (OGL) is a
public company listed on the Australian Stock Exchange (ASX)
and traded on the CLOB International, Singapore. OGL is a coal
exploration and mining company with the objectives to become
a medium sized producer of metallurgical and steaming coal in
Australia.
OGL has entered an agreement to purchase from Zedemar Holdings
Pty Ltd its 100% owned Ebenezer Coal Mine under Mining Lease
4712 (ML 4712) and Bremer View Coal Deposit under Mineral Development
Licence 172 (MDL 172).
The Ebenezer Coal Mine is located in south east Queensland,
approximately 44km west of Brisbane and due west of Ipswich.
The project area is located close to existing infrastructure
including public roads, grid power, water services and a dedicated
railway which runs 92km to the Port of Brisbane. The Ebenezer
Coal Mine covers an area of 675 hectares and lies within an
existing Mining Licence (ML 4712). The Bremer View Coal project
covers an area of 9,202 hectares and currently sits under a
Mineral Development Licence (MDL 172).
Salva Resources Pty Ltd reported to OGL and estimated a JORC
compliant coal resources of 31.3Mt at the Ebenezer Coal Mine
ML 4712, and 208.2Mt coal resources at the Bremer View Coal
Project MDL 172. Runge Limited reported to OGL and estimated
a Mineable Coal Reserve of 13.7Mt to produce Saleable Coal Reserves
of 8.4Mt at the Ebenezer Coal Mine project. |
