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Carpentaria has 15 EPC applications in the northern part of the Eromanga - Galilee Basins in Queensland (refer Figure) that covers 12,000 sq kms.
The potential of the Galilee Basin to host large coal deposits is evidenced by Linc Energy Ltd’s (ASX : LNC) project area in a similar basin margin stratigraphic setting (announced in its Prospectus 2006), 120 km to the east, with indicated and inferred resources of thermal coal respectively of 161.4m tonnes and 78.3m tonnes (see Figure 1). To the south east on the eastern margin of the Galilee Basin both Linc and Waratah Coal Inc. (TSX : WCI) have reported inferred resources of 326m tonnes and 4.3 billion tonnes of thermal coal respectively.
The data from historical water bores provided from the Queensland Department of Natural Resources and Water (DNR&W) within the FTB applications shows all but one of the tenements has documented coal intersections (see Figure ). The Eromanga Basin overlies the Galilee Basin and the shallower water bore coal intercepts in the northern part of the applications could be measures in the Blantyre Sandstone (equivalent to the Walloon Coal Measures located in the Surat Basin), and in the southern part the deeper water bore coal intercepts are possible Betts Creek Beds of the Galilee Basin.
Only limited exploration and drilling has been conducted on these applications. It is considered that there is good potential for locating thermal coal at shallow (mineable) depths in the northern part of the area of interest. Deeper coal shown in water bore data from the southern part of the tenement block may have potential for in seam coal derivative product production. It is considered that this area has the potential for large scale open pit thermal coal deposits, or underground coal gas (UCG) applications. The attached figure suggests the potential using both the water bore data and the open file airborne magnetic data.
In the past the region has been considered remote and lacking infrastructure, however, the Mt Isa – Townsville rail line passes through the southern portion of the Carpentaria leases and an upgrade of this line would provide the capacity for transport of coal to port. The area is serviced by good roads and power with townships of Hughenden and Richmond nearby.