NSL Consolidated has now completed the final due diligence and has settled on the acquisition of four EPC Applications in the highly prospective Eromanga Basin in south western Queensland.

Highlighting the potential of the newly acquired projects is the strategic location adjacent to similar projects held by East Energy Resources and the soon to be listed International Coal.

An independent geologist's report in relation to three of the EPC Applications in the Winton Formation has established an exploration target of between 6.6 billion and 18.1 billion tonnes of thermal coal.

The report confirms that the Winton Formation is the main targeted coal bearing structure, similar in mineralization style to East Energy Resources 1.2 billion tonne JORC Inferred Resource at the Blackall Coal Deposit. The fourth application has an exploration target of between 500 million and 600 million tonnes of thermal coal.

Mr Cedric Goode manager director at NSL Consolidated said that the increased exploration target at the projects was a significant first step in their potential development. He added that "We are delighted and excited by the initial independent geological review at the projects. Clearly there is a lot of initial promise shown at the projects, and we will now move on to evaluating the best way to progress the projects with an initial exploration program, including drilling."

In total the projects cover an extensive 2261 square kilometers. In regards to infrastructure, the project area is located 62 kilometers due east of Mount Morris in south western Queensland.

The railway line is 34 kilometers south of the project area, and continues to the port in Brisbane, with surrounding infrastructure including rail and a major road, the Landsborough Highway.

The highway runs north south between the Capricorn Highway and the Warrego Highway which is located 165 kilometers to the east of the tenement area. The project area is bisected by the Charleville Adavale Road.

SL Consolidated acquired four EPC Applications in the highly prospective Eromanga Basin in south-western Queensland in mid 2011. The main target for the company is the Winton Formation which hosts three of the applications and has an exploration target of between 6.6 billion and 18.1 billion tonnes of thermal coal.

The fourth application has an exploration target of between 500 million and 600 million tonnes of thermal coal.

(Sourced from www.proactiveinvestors.com.au)