NSL Consolidated Limited - Indian iron ore and Australian thermal coal: a compelling combination
NSL CONSOLIDATED LIMITED - INDIAN IRON ORE AND AUSTRALIAN THERMAL COAL: A COMPELLING COMBINATION
Highlights - Indian iron ore
- Near term cashflow from Kurnool beneficiation plant and two iron ore projects in Indian
- Only foreign company to own and operate Indian iron ore mines
- Planned nine months to production through a beneficiation process
- Ordering of long lead beneficiation equipment under way
- Third Project acquired in same state provides substantial longer term increase in resource and production potential
- Exploration Target of 62 million to 125 million tonnes of magnetite1at grades of 20% to 50% iron
- Significant progress and assets in India –trial mining undertaken, port facilitates secured, assay laboratory, advanced approvals, known costs
Vision
- Building towards a vision of becoming a dual bulk commodity company, with Indian iron ore production and Australian Coal.
Highlights - Queensland thermal coal
- Queensland exploration permits for coal (EPCA) 2198, 2336, 2337 & 2338 covering 2585km²
- Attractive exploration targets of 6.6 billion tonne to 18.7 billion tonne in thermalcoal1already exist at the projects
- Geology similar to East Energy (ASX: EER), 1.2 Billion tonnes Thermal Coal JORC Inferred Resource
- Advancing permitting process towards initial drill programme
The information in this statement relating to the iron ore exploration results is based on information compiled by Mr Paul Blackney who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Blackney is employed by Optiro Pty Ltd. Paul has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Paul Blackney consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
For further information please refer to the attached NSL Presentation.