Altona Resources Plc (‘Altona’) listed on the AIM London Stock Exchange in March 2005.
Altona holds through its wholly owned subsidiary Arckaringa Energy Pty Ltd, a 100% interest in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia and including three coal deposits – Westfield (EL3360), Wintinna (EL3361) and Murloocoppie (EL3362). All three deposits lie close to the Adelaide to Darwin railroad and the Stuart Highway.
Altona’s primary focus is the completion of a bankable feasibility study for an integrated 10 million barrel per year Coal to Liquid (CTL) plant with a 560 MW co-generation power facility.
Containing more than 7.5 billion tonnes of coal*
, or an equivalent 7.5 billion barrels of petroleum products, these coal deposits are effectively one of the world’s largest undeveloped energy banks, capable of conversion into clean liquid fuels, low cost power and high value industrial feedstocks.
* based on JORC equivalent standards of the day
Coal project powers ahead
Altona: Mighty Oaks from Little Acorns Grow
12 Dec 2007
Coal: the new black gold?