27 February
2018
Altona Energy
Plc
(“Altona” or “the Company”)
Renewal of
Exploration Licences
Altona (AIM: ANR), a coal exploration company focused on
South Australia, is pleased to
announce that its joint venture company, Arckaringa Coal Chemical
Joint Venture Co Pty Ltd, has been granted the renewal of its three
Exploration Licences for its tenements, Westfield (EL5676),
Wintinna (EL5677) and Murloocoppie (EL5678). The new licences
expire on 6 June 2019.
Altona has reduced the size of EL5677, removing an area that the
Board considers to be least likely to contain economically
extractable coal.
All Exploration Licenses issued by the South Australia government have a minimum
expenditure target. The minimum expenditure targets are as
follows:
EL5676
AUD 960,000
EL5677
AUD 880,000
EL5678
AUD 400,000
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:
Altona Energy
plc
Nicholas Lyth, Chief Executive Officer |
+44 7769 906 686 |
Leander (Financial
PR)
Christian Taylor- Wilkinson |
+44 7795 168 157 |
Northland Capital
Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney (Corporate Finance)
John Howes (Corporate Broking) |
+44 20 3861 6625 |
About Altona Energy
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 seams contained in three exploration licences
in the northern portion of the Permian Arckaringa Basin in
South Australia.