Killara Resources (ASX Code: KRA) is a minerals explorer specialising in energy and other resources in Indonesia, with an emphasis on sustainable mining practices.
With the addition of two new projects Killara is transitioning to become a coal producer in the short term.
Killara has acquired a direct interest in a coal producer, PT Borneo Emas Hitam located in East Kalimantan, Indonesia. A current drilling campaign is underway to identify and confirm coal quality for future sales to coal buyers. Killara also has an option to acquire a direct interest in a coal concession in Central Kalimantan owned by PT Pagun Taka. This concession is located in a prospective area known to host coal and Killara is planning to undertake extensive field work to determine its economic value for shareholders. More information on these two concessions can be found in the ASX release dated 27th May 2013.
Killara currently employs 26 people in Australia and Indonesia with further growth anticipated as projects move into production.