Most of you would be surprised to learn that three Exploration Permits have recently been granted tenure in the Scenic Rim area. Whilst these permits have been traded and changed hands many times over the years, the current tenure holders are putting up serious money to do some serious exploration.
A joint venture by Lodestone Energy Limited, Moreton Energy Pty Ltd and Orbit Capital Pty Ltd will see exploration drilling commence in three areas of the Scenic Rim. The areas of interest are Veresdale Scrub, Bromelton and Albert River headwaters. The deposit beneath Veresdale Scrub has been estimated at 24 million tonnes. The companies have already intimated that any extractions from this deposit would not be for the domestic market but for export. The coal would need to be moved via a new rail line that would need to cross the Logan Valley somewhere north or south of Beaudesert to the interstate line at Bromelton and onto the Port of Brisbane.
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