Lemur Resources (LMR)

Shares / Stock Code

LMR

Stock Exchange / Sharemarket

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Lemur Resources (LMR) is an Australian based Company focused on coal exploration. Through the company's wholly owned subsidiary Coal of Madagascar Limited, Lemur is the holder of 11 concession blocks in South West Madagascar covering the Imaloto Coal Basin, known as the Imaloto Coal Project. The Imaloto Coal Project area lies approximately 20 kilometer (km) north-west of the town of Benenitra, between the north-south flowing Imaloto River and the west-east flowing Onilahy River. Lemur’s other projects include Ianapera Coal Project, Sakaraha Coal Project, Imaloto Coal Project Extension and Project Infrastructure and Logistics. The Imaloto Coal Project Extension area comprises two permits, each of 6.25km2. The Ianapera Coal Project comprises one 25 square kilometers permit. The company acquired Coal of Madagascar Limited in May 2011, through which it acquired its Imaloto Coal Project. In August 2011, it acquired Pan African Drilling Limited.