Tag: Perth Basin

Is Key Petroleum the best emerging energy play in the Perth Basin?

Is Key Petroleum the best emerging energy play in the Perth Basin?

Key Petroleum Limited (ASX: KEY) is emerging as one of Western Australia’s brightest oil and gas explorers. The company has a well-established position in the Perth Basin, having focused on a new phase of activity centred on the L7 (R1) Mt Horner acquisition, and the adjacent Wye Knot-1 drilling program in EP 437. The Perth Basin has become a hot spot for oil and gas explorers on the back of corporate activity, exploration success and recognition of the promising supply demand dynamics that should support strong pricing in the coming years. Highlighting why there is interest in this region is Strike Energy (ASX: STX), which received an overnight five-fold share price increase after announcing a significant gas discovery in the...

Cataby mine green lit

Cataby mine green lit

BY ELIZABETH FABRI MINERAL sands producer Iluka Resources’ has approved the development of its Cataby mine in WA, after securing major offtake agreements in December. Cataby, 150km north of Perth, will produce an average of 370,000 tonnes of chloride ilmenite per annum, which will be processed into 200,000tpa of premium grade synthetic rutile at Iluka’s Synthetic Rutile kiln 2 (SR2), 350km south of the project. The mine will also produce about 50,000tpa of premium grade zircon and 30,000tpa of rutile, which will be processed at Iluka’s Narngulu mineral separation plant in Geraldton. On 12 December, Iluka announced it had entered into take-or-pay offtake agreements for a minimum of 175,000t of synthetic rutile per annum (about 85 per cent of...