Palisades Coal Project
Palisades covers 4,648 ha and is the most advanced coal project with work dating back to the 1960's. Field work, trenching and drilling was carried out in the 1960s by Rio Tinto and in the 1970s and 1980s by Denison mines. Altitude has now secured technical information from both exploration campaigns which indicates that the property contains low volatile coking coal in the Luscar coal formation.
In November 2011 Moose Mountain Technical Services completed a 43 - 101 Resource Estimate for the Palisades Coal Project. Based on limited initial information Palisades was determined to contain an inferred resource of almost 12 million tones. The report also stated that the property hosts an exploration target of approximately 140Mt of low volatile bituminous coal which requires further drilling to define.
The Palisades Extension property is contiguous to the north and east of Palisades and covers 7,020 ha. There is limited historic exploration information on this property but Altitude has determined that the property hosts the same Luscar coking coal formation. There is no 43 - 101 resource for Palisades Extension.
The Moberly Extension property lies to the northwest of the Palisades ND Palisades Extension properties and covers an area of 5,439 ha. There is some Rio Tinto historic exploration information on coal outcrops on this property. Altitude has determined that the property hosts the same Luscar coking coal formation. There is no 43 - 101 resource for Moberley Creek.