Allegiance Coal Limited has assembled a portfolio of 14 tenements (comprising a mineral development licence and 13 granted EPCs) in five coal fields in Queensland. These 14 tenements make up the 11 projects. The Allegiance Coal Limited’s modus operandi has been to define and acquire what it considers are prospective properties in hitherto overlooked areas both within known areas of high prospectivity and in prospective new provinces, such as the Laura Basin and Townsville region.
The Company’s portfolio of tenements covers most of the coal basins in Queensland. While many of these tenements are adjacent to the well-explored areas of the individual basins, there is potential for coal deposits of economic significance to be discovered.