30 November
2017
Altona Energy
Plc
(“Altona” or the “Company”)
Arckaringa Report
Update
Altona (AIM: ANR) is pleased to update shareholders with further
information regarding the recently commissioned report being
undertaken by Runge Pincock Minarco Global (“RPM”).
Following further discussions with its mining consultants, WSP
Australia Pty Ltd (“WSP”), the Board has decided to extend the
scope of the report to include potentially prospective areas within
the Company’s Wintinna and Murloocoppie tenements. The intention is
to try to identify further suitable drier/less wet sites for coal
mining development which will be the focus of subsequent stages of
exploration for the Company.
Nick Lyth, CEO of Altona,
commented, “Having been appointed CEO I have reviewed our
arrangements with WSP and, having consulted with the Board, we have
agreed to extend the scope of the report to include new areas of
interest. When this report is available I intend to visit
Adelaide to map out Altona’s
exploration plan for 2018.”
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Enquiries
Altona Energy
plc
Nick Lyth, CEO |
+44 (0)7769 906
686 |
Leander (Financial
PR)
Christian Taylor- Wilkinson |
+44 (0)7795 168
157 |
Northland Capital
Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney (Corporate Finance)
John Howes (Corporate Broking) |
+44 (0)20 3861
6625 |
About Altona
Altona is listed on the London Stock Exchange’s AIM
market. Its principal focus is on the evaluation and
development of the Company’s flagship Arckaringa Project to exploit
the significant coal resources contained in three exploration
licences covering 2,500 sq. kms in the northern portion of the
Permian Arckaringa Basin in South Australia. The Project is
designed to produce either coal or syngas products for the
Australian market and export from an historic resource exceeding
7.8 billion tonnes of coal (1.3 billion tonnes historic JORC (2004)
compliant).