Altona Energy Plc Ackaringa Report Update

 
TIDMANR 
 
30 November 2017 
 
                               Altona Energy Plc 
 
                          ("Altona" or the "Company") 
 
                           Arckaringa Report Update 
 
Altona (AIM: ANR) is pleased to update shareholders with further information 
regarding the recently commissioned report being undertaken by Runge Pincock 
Minarco Global ("RPM"). 
 
Following further discussions with its mining consultants, WSP Australia Pty 
Ltd ("WSP"), the Board has decided to extend the scope of the report to include 
potentially prospective areas within the Company's Wintinna and Murloocoppie 
tenements. The intention is to try to identify further suitable drier/less wet 
sites for coal mining development which will be the focus of subsequent stages 
of exploration for the Company. 
 
Nick Lyth, CEO of Altona, commented, "Having been appointed CEO I have reviewed 
our arrangements with WSP and, having consulted with the Board, we have agreed 
to extend the scope of the report to include new areas of interest. When this 
report is available I intend to visit Adelaide to map out Altona's exploration 
plan for 2018." 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 
 
                                    -ends- 
 
For further information, please visit www.altonaenergy.com or contact: 
 
 
 
Enquiries 
 
Altona Energy plc                                    [phone] 
Nick Lyth, CEO 
 
Leander (Financial PR)                               [phone] 
Christian Taylor- Wilkinson 
 
Northland Capital Partners Ltd (Nomad and            [phone] 
Broker) 
Matthew Johnson / Gerry Beaney (Corporate 
Finance) 
John Howes (Corporate Broking) 
 
About Altona 
 
Altona is listed on the London Stock Exchange's AIM market.  Its principal 
focus is on the evaluation and development of the Company's flagship Arckaringa 
Project to exploit the significant coal resources contained in three 
exploration licences covering 2,500 sq. kms in the northern portion of the 
Permian Arckaringa Basin in South Australia.  The Project is designed to 
produce either coal or syngas products for the Australian market and export 
from an historic resource exceeding 7.8 billion tonnes of coal (1.3 billion 
tonnes historic JORC (2004) compliant). 
 
 
 
END 
 

(END) Dow Jones Newswires

November 30, 2017 02:00 ET (07:00 GMT)