East Energy Resources Limited (ASX:EER)
East Energy Resources Limited (ASX:EER) is a coal exploration and development company focused in the Eromanga Basin in Queensland.
East Energy Resources has a JORC Resource of 1.74Bt of Thermal Coal (627.5Mt Indicated and 1113Mt Inferred) located south west of the major deposits of Hancock Coal and Waratah Coal in the Galilee Basin. The Company's purchase of Idalia Coal added 440Mt of Inferred Coal Resources and a drill defined Exploration Target of 4.0Bt to 4.5Bt to EERs asset base. Collectively the combined tenements provide an exploration target of over 6 billions tonnes of open cut mineable thermal coal.