Sunday, 31 May 2015

Centennial to drill four test sites in 2015

Centennial has received a budget to drill four sites in in the 'inglenook' exploration area in 2015.

These sites are still to be determined, which means Centennial will be approaching at least four landholders to sign an access agreement.

Should you be approached and want some clarification on your rights and the correct procedure, please contact the RSWUA committee at runningstream2850@gmail.com

Below are some notes from Centennial's presentation to the last CCC, in March 2015.

Company update:
• The coal industry is continuing to experience a significant downturn in the international coal market.
• Restructures in the Northern and Western region have been implemented and redeployment has been used to minimise retrenchments.
• Angus Place mine has moved to care and maintenance as from 28 March.

Project update:
• No exploration drilling since the last CCC meeting.
• Exploration License (EL) Renewal documentation submitted for EL7431, EL7432 and EL7442.
• Surface water and groundwater monitoring undertaken quarterly under existing agreements. Incidents: Nil.

Activities for 2015
• Limited Exploration drilling planned for 2015 (in fact, 4 sites have now been approved, as noted above).
• Exploration drilling budget for 2015 yet to be approved. If approved the CCC will be notified (this has been done: 4 sites).
• Ongoing access agreement negotiations for environmental monitoring and drilling activities.
• Continuation of surface water and groundwater monitoring.
• Ongoing flora surveys.

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