Sydney, Australia, Feb 8, 2013 - (ABN Newswire) - The Board of Cuesta Coal Limited (ASX:CQC.AX - News) is pleased to advise that FIRB approval has been granted in relation to the Orion Coal Project Acquisition, announced in the release to the ASX dated 12 December 2012.
The acquisition of the Orion Coal Project remains on schedule to settle on or before 28 February 2013.
About Cuesta Coal Limited:
Cuesta Coal Limited (ASX:CQC.AX - News) listed on the Australian Stock Exchange on the 4th of May 2012 raising $20 million to find an aggressive 2 year exploration, mine scoping and feasibility study program on four key project areas in the Queensland Coal Basins.
Cuesta has assembled a diverse portfolio of thermal and coking coal exploration prospects within the Bowen, Surat and Galilee basins, the company's core projects are well situated geographically with over 11,000km2 of exploration ground in total.
Cuesta's balanced portfolio consists of a pipeline of projects ranging from advanced exploration requiring resource definition drilling, to conceptual opportunities requiring scout drilling. The projects are located in close proximity to current and future planned infrastructure.
Cuesta Coal Limited T: +61-2-9284-5900 F: +61-2-9284-5999 E: firstname.lastname@example.org WWW: www.cuestacoal.com.au
Cuesta Coal Limited
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