12th Apr 2006 13:30
Altona Resources PLC12 April 2006 12th April 2006 Altona Resources Plc ("Altona" or "The Company") OPERATIONAL UPDATE Altona Resources plc (AIM: ANR) announce an operational update as to thecontinued progress in the Jacob Consultancy's coal-to-oil feasibility study andthe presentation of the Company's Arckaringa development proposals to the SouthAustralian Minister for Mineral Resources Development. Jacobs coal-to-oil feasibility study The first phase of the Jacobs Consultancy coal to oil feasability study has nowbeen completed and indicates that power generation can be produced in additionto petroleum products. A co-generation plant producing approximately 15,000 bbl/d of petroleum productsand 1,000 MW of power is one of the options now being considered. A number of new and expanding major resource projects are being established inSouth Australia, with a consequent need for reliable energy supplies. South Australian Government presentation Altona presented the options for developing the Arckaringa coal deposits andmeeting growing energy demands to the South Australian Minister for MineralResources Development and senior Government officials in Adelaide, SouthAustralia. Chris Lambert Chairman commented, "We are very encouraged with the continuedprogression of Arckaringa and the benefits that it can bring to the state ofSouth Australia." Management Altona has established an office in Adelaide, and has actively assembled ahighly qualified management and consulting team to progress and fast track thedevelopment of Arckaringa. -ends- For further information please contact:Altona Resources plc Nabarro Wells & Co Limited Parkgreen CommunicationsChristopher Lambert, Chairman Hugh Oram, Director Justine Howarth / Victoria Thomas+44 (0) 20 7016 5100 +44 (0) 20 7710 7400 +44 (0) 20 7493 3713 Notes to Editors: The Arckaringa Coal Project: The Arckaringa Coal Project ("Arckaringa") comprises the 100% interest in threeexploration licences in South Australia, which have previously been calculatedas a JORC compliant resource of over 7 billion tonnes of sub bituminous Permiancoal, amenable to open pit mining, and suitable as fuel for power generation andpotential application of coal to oil technology. The three explorationlicences, EL3360, EL3361, and EL3362 ("the Licences"), cover a combined area ofapproximately 2,500 square kilometres in the northern portion of the PermianArckaringa Basin in South Australia. The Licences include three coal deposits,known as the Westfield Deposit (EL3360), the Wintinna Deposit (EL3361), and theMurloocoppie Deposit (EL3362), are located in close proximity to the Adelaide toDarwin railroad, facilitating improved economic potential for despatch of coalto coastal based industries and export ports. The railroad will also facilitatemine development and operations. About Jacobs Consultancy Jacobs Consultancy is part of Jacobs Engineering Group Inc. ("Jacobs Group"),one of the world's largest and most diverse providers of professional technicalservices. With annual revenues exceeding $6 billion, Jacobs Group offersfull-spectrum support to industrial, commercial, and government clients acrossmultiple markets. Services include scientific and specialty consulting as wellas all aspects of engineering and construction, and operations & maintenance. Jacobs Group global network includes more than 60 major offices in over 15countries. They have operations in North America, the United Kingdom, Europe,India, Australia, and Asia. Their headquarters are in Pasadena, California. Further information is available at Jacobs Group's website at www.jacobs.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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