Waratah Coal Wins Explorer of the Year Award
30 10월 2008 - 5:26PM
Marketwired
Waratah Coal (TSX VENTURE: WCI) (Waratah) has been named Queensland
Explorer of the Year at the Mining 2008 conference in Brisbane.
Waratah CEO and President Peter Lynch and Company Chairman Nick
Mather accepted the award last night in Brisbane, from the Deputy
Director General of the Queensland Department of Mines and Energy,
Stuart Booker.
Figure 1: Mr Stuart Booker, Mr Peter Lynch, Mr Stewart McDonald
(Mining 2008) & Mr Nick Mather (L to R)
To view Figure 1, please visit the Waratah Coal website:
www.waratahcoal.com.
Mr Lynch said it was a great honour for Waratah to be
acknowledged by the Queensland mining sector.
"For a relatively young Company like Waratah to receive this
award is a tremendous recognition of our accomplishments," he
said.
"Waratah has secured a world-class thermal coal resource in the
Galilee Basin in Central Queensland as well as a suite of other
coal exploration tenements."
The Company this year announced plans for a $5.3 billion coal
project.
Waratah plans to open up the Galilee Basin, a currently
undeveloped thermal coal province near the town of Alpha, in
Central Queensland. Waratah's exploration to date has delineated
more than four billion tonnes of Inferred thermal coal
Resources.
The proposed large scale mine would be linked to a new coal
terminal on the Central Queensland coast by a railway line which
would be open to third party users and free up costly bottlenecks
already inhibiting Australia's coal industry.
Waratah's Galilee Basin Project has been declared a significant
project by the Queensland Government.
Brisbane-based Waratah is listed on the Toronto Stock Exchange
(TSX) in Canada and a dual listing on the Australian Stock Exchange
(ASX) is due on the 7th November, 2008.
Waratah's senior management all have long, established careers
working for some of Australia's largest resources companies.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended ("the U.S.
Securities Act") or any state securities law and may not be offered
or sold in the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
Cautionary language:
Except for the historical and present factual information
contained herein, the matters set forth in this news release,
including words such as "expects", "projects", "plans",
"anticipates" and similar expressions, are forward-looking
information that represents management of Waratah Coal's internal
projections, expectations or beliefs concerning, among other
things, future operating results and various components thereof or
the economic performance of Waratah Coal. The projections,
estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties,
which may cause Waratah Coal's actual performance and financial
results in future periods to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
among other things, those described in Waratah Coal's filings with
the Canadian securities authorities. Accordingly, holders of
Waratah Coal shares and potential investors are cautioned that
events or circumstances could cause results to differ materially
from those predicted. Waratah Coal disclaims any responsibility to
update these forward-looking statements.
Contacts: Waratah Coal Inc. Peter Lynch President and CEO +61 7
3303 0692 Email: plynch@waratahcoal.com Waratah Coal Inc. Liam
Behnke Investor Relations - Australia +61 7 3303 0676 Email:
lbehnke@waratahcoal.com Website: www.waratahcoal.com
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