The map below indicates our flagship project Moorlands, and the two medium to long-term prospects at Eastern Galilee and West Emerald. The Eastern Galilee Project includes a Joint Venture and Farm-in Agreement with QCI (Galilee) Pty Ltd.
The Moorlands Project is a significant new open-cut export thermal coal development project, located in a historically low-cost mining region. The deposit is located 14km to the north west of the historic Blair Athol coal mine in the Western Bowen Basin of Queensland.
The Moorlands Project has a JORC Resource of 318Mt including 113Mt in the Measured category. The Moorlands Resource has a coal bearing strike length of approximately 12km. Shallow coal is present in thick seams amenable to a simple truck and shovel mining operation.
EASTERN GALILEE PROJECT (Yellow Jacket)
The Eastern Galilee Project is located along the eastern margin of the Galilee Basin. In its drilling activities during 2011, 2012 and 2013, Cuesta intersected coal over 15km2 in EPC 1802, now known as the Yellow Jacket Project. This work has identified occurrences of Coal Measures further to the east of the previously known Permian Coal boundary.
In October 2013, Cuesta announced a Maiden Inferred JORC Resource of 364Mt at Yellow Jacket (EPC 1802).
Cuesta and QCI (Galilee) Pty Ltd entered into a Farm-In and Joint Venture Agreement where QCI can earn a 51% interest through a $3m expenditure on EPCs 2079 and 2080.
WEST EMERALD PROJECT
The West Emerald Project is located in the Denison Trough. Cuesta is targeting Reid’s Dome Bed Coal Measures containing thermal and PCI coals, specifically in extensions of major deposits in the area being Rio Tinto’s Valeria deposit (762Mt) and Shenhuo Group’s Taroborah deposit (188.2Mt).
Historic coal intersections have encountered coal measures on the Cuesta Coal Tenements.