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Leigh Creek expands portfolio

ast year’s strategic decision to hunt for opportunities, as the large Leigh Creek were very close to having the thing final-
Loil and gas opportunities complemen- energy project in SA continues down the ised,” Leigh Creek managing director Phil
tary to its existing projects reached culmi- development path. Staveley told Paydirt.
nation for Leigh Creek Energy Ltd in Feb- Courting a strategic partner from China “We are not getting a response at the
ruary with a farm-in agreement struck with to JV at the Leigh Creek energy project re- moment with everything that is going on,
Queensland’s Bridgeport Energy Pty Ltd in mains an option for the company. but there are other pluses with another
the Cooper and Eromanga basins. “We are a long way down the track, but big international firm coming to see us on
The deal was done through Leigh unfortunately we don’t know how long this more or less the same terms.”
Creek’s wholly owned subsidiary Leigh coronavirus is going to hold us up. We Gas and/or nitrogen fertiliser products
Creek Oil and Gas Ltd (LCOG). from remnant coal resources at Leigh
LCOG has the opportunity to acquire Creek using in-situ gas technologies is the
a 20% participating interest of Author- strategy being pursued by the company.
ity to Prospect (ATP) in ATP 2023 and The company is working towards having
ATP 2024, south-west Queensland, from all approvals ticked off for seismic activi-
Bridgeport. ties at Leigh Creek.
Leigh Creek’s first JV outside its name- “Then the drilling will follow to prove that
sake project area in South Australia re- there is no fluids or cracks in our ground
mains subject to ministerial approval. and then we can work towards starting a
Taking an interest in the Cooper and commercial EIS,” Staveley said.
Eromanga basins gives Leigh Creek port- “We have to know the ground we are
folio diversity and potential to tap into mul- going to be starting a commercial project
tiple revenue streams. on is suitable. That is what the seismic and
The rationale behind Leigh Creek’s for- drilling is for. Once that has proven up the
ay into Queensland was to add assets in right basis to operate, we will be starting
known petroleum systems containing both the commercial EIS.”
oil and gas prospects with the potential for
short to medium term revenue and growth – Mark Andrews
Phil Staveley

• Coda’s highly prospective tenure in the heart of the
Olympic Copper Province provides multiple
pathways towards Coda’s goal of 1,500,000 tonnes
of Copper Eq. in 2020.

• Coda’s top priority is to test the magnetotelluric
anomalism at Emmie Bluff which defines the
Arcoona Exploration Corridor. Less than 30% of
this 10km long anomaly has been drilled with the
host formation consistently mineralised in all holes.

• In addition to it’s Zambian-style Copper-Cobalt
deposits, Coda is also exploring for IOCGs, applying
cutting edge geophysical techniques to its 739 sqkm of
ground in the world’s premier IOCG province.

Arcoona Exploration Corridor
Targeting 1.5 million tonnes of
• Up to 10 km of strike defined by pronounced MT anomalism.
• Approximately 70% of Exploration Corridor is undrilled to target depth. Copper Equivalent
• Potential to expand to the east and southeast of established
mineralisation. www.codaminerals.com

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