another one with UCG potential…
Market cap: $27million
Drilling about to commence.
JORC towards the end of the year.
http://www.reyresources.com/
Overview of Rey’s Interests
Rey completed its initial public offering raising approximately $ 3.3 million to list on the ASX on 5 June 2006. Gujarat NRE Coke Limited is a substantial shareholder.
Rey is a mineral exploration company holding coal, oil and gas tenement covering large areas in Western Australia and prospective copper and gold tenements in Chile and Peru.
All of Rey’s properties are 100% owned, and in the opinion of Directors offer good potential for medium to large scale economic deposits.
Investor presentation March 2008
http://www.reyresources.com/downloads/rey_mar_08.pdf
Page 6
Canning Basin – great opportunity
HUGE coal deposit
• >1 billion tonnes thermal, moderate – high ash
near term potential
• 2 areas identified for early resource potential: open
pit and underground
longer term potential
• multi mine basin
• thin seam longwall
• shallow open cut
• UCG
petroleum leases farmed out
Page 9
Canning well located to supply new
growing market
• well sited for Indian market
• four days closer than Queensland
• Derby port considering expansion
• 150km from Derby
Announcement 24/4/2008
Clearance received for 4,000m of drilling at Liveringa coal project
Rey Resources Limited (ASX:REY) announced it has received clearances, covering both Government and
Native Title approvals, enabling drilling to commence at its Liveringa thermal coal project in the West
Kimberleys, West Australia.
The clearances have been received on the first 4,000m of the company’s 2008 drill program which totals
approximately 20,000 metres. Site preparation work is currently underway.
Drills are now being mobilised and drilling is expected to commence during May, subject to ground
conditions drying sufficiently, and a permit to access groundwater.
In mid-April the additional areas required to complete the drill programme, were subjected to heritage
clearance surveys visits with the Traditional Owners of the Nyikina Mangala people, whose lands in the
Kimberley Region are partly covered by Rey’s coal exploration licenses.
All Heritage clearance protocols were followed and the Traditional Owners have approved all of the remaining
drilling sites in the 2008 programme. Final government permits are currently being sought for these additional
areas.
The aim of the drill programme is to obtain an initial JORC resource of thermal coal by the end of 2008 or
early in 2009. The initial drilling will target those coal deposits previously delineated by Premier Mining in
the 1960’s.
Annoucement 23/5/2008
Despatch of Extraordinary General Meeting (EGM) Notice and Proxy Forms
Rey Resources Limited is today despatching to shareholders the notice of the 2008 Extraordinary General Meeting
(EGM) to be held on Monday 23 June 2008 at 11.00 am at Level 26, 52 Martin Place, Sydney NSW, together with
the meeting Proxy Form.
The Company has called this EGM to:
– Ratify the Placement of 10 million ordinary shares with an attaching option for nil consideration for every two
shares subscribed;
– Authorise the Issue of Further Shares; and
– Confirm the Issue of a total of 4 million options only to the Managing Director.