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Lemur Resources Limited (“Lemur”) is a Madagascan focussed coal exploration company incorporated in Australia in November 2010.
Lemur is the 100% shareholder of the Guernsey registered company, Coal of Madagascar Limited ("COM") which is the 99% Shareholder of the Malagasy registered company, Coal Mining Madagascar SARL (“CMM”). CMM has an interest in seven mining permits located in the Imalato Coal Basin, the initial focus being the Imaloto Coal Project. This project contains a gross in situ JORC compliant inferred resource estimate of 175mt, which was defined through an initial two phase drilling program completed in 2008 and 2009.
The Imaloto Coal Project is located in the Imaloto Coal Basin, which is the northern-most coal field in the greater Sakoa Basin of South West Madagascar. Lemur will be commencing the Phase III work programme in July 2011, which has a primary objective of better defining the limits of the coal seams and to bring the current inferred resource up to the measured category.
Lemur's management team has a proven track record of developing coal assets in Africa, possesses considerable local knowledge, and has strong links with regional Government. Lemur's technical team also possesses strong expertise, having over 60 years cumulative experience.