Liberty Resources (LBY)

Shares / Stock Code

LBY

Stock Exchange / Sharemarket

Australian Securities Exchange

Liberty Resources (LBY) is focussed on new energy solutions. The company has extensive coal assets in Queensland and aims to gasify the deep coal resource. Underground coal gasification (UCG) converts coal into a product commonly known as Syngas without the need for mining. The Syngas is composed of natural gas that can be used to generate low cost power and electricity with virtually no CO2 emissions. Unused by-products can be reinjected safely in the ground afterwards where they came from.

LBY was incorporated in January 2003 to acquire prospective ground containing gold and base metal. In July 2007, LBY changed its name to Liberty Resources NL.The company listed on the Australian stockmarket (ASX) on 10 February, 2004.

The company is focused on new energy solutions, such as UCG, which converts coal into Syngas with dramatically less pollution and greenhouse gas emissions than currently used techniques.

The company is in the process of exploring and evaluating mineral assets. As such, it has no customers at the present time. A competitor of LBY is Linc Energy (LNC), which is an Australian company that is also using UCG to produce Syngas.

Liberty has an exploration target range of 280 to 350 billion tons of thermal coal for its Queensland projects. It operates in two geographical segments: Australia and Indonesia. On April 21, 2009, Liberty Resources Limited acquired 100% of Blackstone Energy Pty Ltd, Boab Energy Pty Ltd, Walloon Energy Pty Ltd and Winzil Energy Pty Ltd.

Liberty Resources (LBY) Products and Services

  • Mineral exploration

Liberty Resources (LBY) Locations and Subsidiaries

Liberty Resources Head Office
Unit B2, 431 Roberts Road, SUBIACO,
WA, AUSTRALIA, 6008
Phone: 0893888869
Fax: 0893888862

Liberty Resources (LBY) Share Price

Submitted by ASX Listed Company on 12 May, 2010 - 16:39

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