🕐24.01.11 - 02:27 Uhr

Rey Resources lodges Mining Lease Application for Duchess Paradise



Click to view this email in a browser http://hosted.verticalresponse.com/848847/f544f25126/1582007229/210c982157/ Dear , ASX Release 24 January 2011 Rey Resources lodges Mining Lease Application for Duchess Paradise Rey Resources Limited (ASX: REY; “Rey Resources”) is pleased to announce it has lodged a Mining Lease Application (MLA) with the Department of Mines and Petroleum in Western Australia. The MLA seeks to convert parts of two Exploration Permits, which include sections of the previously reported Duchess Paradise thermal coal resource and its possible extensions, into a Mining Lease as part of the potential Duchess Paradise project in the Canning Basin. The MLA process will be progressed in parallel with consultations and negotiations with relevant stakeholders and preparations for potential mine development and operations, subject to all required project approvals. Rey Resources’ Definitive Feasibility Study on the potential Duchess Paradise project is on schedule for completion at the end of the second quarter, 2011. Contact: Kevin Wilson Managing Director +61 8 9211 1999 About Rey Resources Limited Rey Resources is an Australian, ASX-listed resource exploration and development company (ASX: REY) with interests in the Canning Basin, Western Australia. The company’s primary focus is Duchess Paradise, a potential thermal coal export project situated on the pastoral land, about 175 km southeast of Derby. Based on a JORC resource of 511 million tonnes, and subject to successful completion of the Definitive Feasibility Study and all approval requirements, Rey Resources plans to start production at a projected rate of two million tonnes per annum by late 2013.

The company proposes to export coal via the Derby export facility. www.reyresources.com - http://cts.vresp.com/c/?FIRSt/f544f25126/210c982157/ab0e8eeb5e ______________________________________________________________________ If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: http://cts.vresp.com/u?f544f25126/210c982157/mlpftw ______________________________________________________________________ This message was sent by FIRSt using VerticalResponse FIRSt PO Box 247 Hampton, 3188 Australia Read the VerticalResponse marketing policy: http://www.verticalresponse.com/content/pm_policy.html



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