Padang Resources commences due diligence

By Nur Azizah

Australian-listed firm Padang Resources Limited said that it has commenced technical due diligence program on its Paser Project in East Kalimantan.

The technical due diligence is aimed at validating previous exploration data and completing a geophysical survey to map the vertical and lateral distribution of the coal seams in 2D/3D format and profile the resistivity of coal and other soil layers in the ground.

The company in the statement said that the due deligence was also expected to provide initial coal resource estimate.

"Based on a positive outcome from Stage 1, the company will plan and implement a drilling program to define a JORC compliant resource," it said.

Editing by Adianto P. Simamora