Linc Energy Limited (ASX:LNC) Secures 1.2 Billion Tonne Coal Concession in Poland
Brisbane, Nov 29, 2011 AEST (ABN Newswire) - Linc Energy Ltd (
ASX:LNC) is pleased to announce it has secured a significant coal exploration concession "Polanka-Wielkie Drogi" (PWD) in Poland in the south eastern part of the Upper Silesia Coal Basin. The coal is of a sub-bituminous quality, covering an acreage of 216 square kilometres. The Company expects to commence exploration activities in early 2012.
Chief Executive Officer, Peter Bond, said, "This Polish coal lease is a key asset to providing Linc Energy's platform into mainland Europe and we will be looking to drill and complete a pre-feasibility on Underground Coal Gasification (UCG) over the coming months."
"Based on data published by Polish Mining and Geological Authorities, the coal deposit is estimated to be in the order of 1.2 billion tonnes," Mr Bond said. Linc Energy is in the process of setting up a project office in Krakow to support the exploration Programme in Poland.
See map: http://media.abnnewswire.net/media/en/docs/ASX-LNC-237866.pdf
Contact
Information for Media:
Heather Stewart
Media Manager
Phone: +61-7-3229-0800
E-mail: heather.stewart@lincenergy.com
ASX Contact:
Brook Burke
Company Secretary
Phone: +61-7-3229-0800
E-mail: brook.burke@lincenergy.com
Information for Investors:
Justyn Peters
General Manager Investor Relations
Phone: +61-7-3229-0800
E-mail: justyn.peters@lincenergy.com
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