On 24 December 2010, Cockatoo Coal completed the acquisition of development and exploration assets located in NSW. The NSW projects are:
The Bylong Project, North West Sydney Basin - 423Mt (150Mt Indicated and 273Mt Inferred) export grade thermal / metallurgical coal resource.
The Bylong Project is 100% owned by Cockatoo Coal shareholder KEPCO, who has granted a 3 year call option for a 30% interest in the Bylong Project to Cockatoo.
Hume Coal Project
Hume Coal Project, Sydney Basin - 446Mt Indicated export grade metallurgical/thermal coal resource.
Hume Coal Project is 30% owned by the Company, and 70% by Cockatoo Coal shareholder POSCO.
Cockatoo has been appointed as the manager of both projects and during 2011 established full project teams to undertake exploration, evaluation and development activities.
NSW Project Areas
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