NuCoal Resources Limited (AU:NCR) has released an update.
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NuCoal Resources Limited has commenced the next phase of their drilling program after the renewal of the Savoy Hill Exploration Licence, aiming to extract more data on the coal resource which has an estimated 88 Mt. The company is also in the process of seeking necessary approvals for the drilling, with a 12-month allowance for negotiations. Additionally, NuCoal has lodged an application for a new exploration licence near Muswellbrook, with the market interest test concluded in February 2024.
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