KEH - Keaton Energy Holdings Limited - Keaton Energy granted prospecting rights
KEH
KEH
KEH - Keaton Energy Holdings Limited - Keaton Energy granted prospecting rights
over 5 166 hectares in the Klip River Coal Field, Kwazulu-Natal
Keaton Energy Holdings Limited
(formerly Tricoal Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
("Keaton Energy" or "the Company")
KEATON ENERGY GRANTED PROSPECTING RIGHTS OVER 5 166 HECTARES IN THE KLIP RIVER
COAL FIELD, KWAZULU-NATAL
Keaton Energy is pleased to announce that its 74% held subsidiary, Mafla Coal
(Pty) Ltd ("Mafla Coal"), has been granted two contiguous prospecting rights by
the Department of Minerals and Energy over seven adjacent properties totalling 5
166 hectares in the Klip River coal field in KwaZulu-Natal.
The Mafla Coal prospecting area is 14 kilometres north of Dundee and 21
kilometres north-east of Glencoe.
Historic geological information on the properties suggests that both the Top and
Bottom seams are present in the area. Historically the Top and Bottom seams of
the Klip River coal field have been exploited for anthracite and both soft and
hard coking coal.
The application for and granting of the Mafla Coal prospecting rights is a
further step in Keaton Energy`s strategy to identify, apply for and acquire
attractive coal exploration rights in partnership with Historically
Disadvantaged Persons.
The Mafla Coal prospecting rights provide Keaton Energy with a significant
position in a fourth South African coal field, additional to its existing 4 009
hectare Sterkfontein project in the Highveld coal field, its 1 650 hectare
Delmas project in the Witbank coal field, and its six discrete properties
totalling 1 597 hectares in the Ermelo coal field.
Bryanston
22 July 2008
Sponsor
Nedbank Capital
Date: 22/07/2008 10:00:02 Produced by the JSE SENS Department.
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