NSL's Australia thermal coal project permit granted

NSL Consolidated (ASX: NSL) announced Monday it has been formally granted the first of its four thermal coal exploration tenements, EPC 2198, in the Eromanga Basin in southwest Queensland, Australia.

The project is neighbour to East Energy Resources' (ASX: EER) 1.2 billion thermal coal project and to International Coal's (ASX: ICX) EPC 2198 South Blackall project, which has already defined inferred resources of 730 million tonnes.

NSL expects to build a resource to supply thermal coal to fast growing Asian energy markets.