TIARO
COAL
PROJECT
The
Tiaro
Coal
Field
is
located
in
south
eastern
Queensland
in
the
Maryborough
Basin.
It
is a
greenfield
exploration
project
(“Tiaro
Coal
Project”)
with
the
opportunity
for
significant
value
to
be
added.
Key
features
of
the
Tiaro
Coal
Project
are
as
follows:
The
exploration
of
the
coalfield
is
at
an
early
stage.
Drilling
is
not
yet
extensive
enough
to
support
resources
estimated
in
accordance
with
the
JORC
code.
No
commercially
saleable
coal
has
yet
been
discovered.
Despite
this,
the
understanding
of
the
geology
of
the
measures
has
been
significantly
improved
by
the
recent
drilling
campaign
and
new
geophysical
data
which
has
become
available
and
firm
targets
for
further
exploration
have
been
identified.
The
result
of
this
combination
of
factors
is
the
potential
for
large
new
coal
resources
to
be
discovered
from
known,
but
poorly
explored
intersections
with
the
aid
of
geophysical
data
which
has
only
recently
become
available.
Historical
drilling
has
been
concentrated
around
outcrop
locations.
There
is
an
obvious
logical
correlation
between
structural
complexity
and
outcrop
intensity.
Thus
the
historical
drilling
has
been
skewed
towards
structurally
complex
areas. New
data
provided
by
recent
aeromagnetic
and
gravity
surveys
have
revealed
less
complex
blocks
within
the
coalfield
which
are
expected
to
provide
geologically
continuous
coal
bearing
sequences
