Exploration, mining and energy

HardRock Coal Mining

HardRock Coal Mining Pty Ltd (HRCM) is a mining innovator set to become Tasmania’s premier coal exporter that Caason Group established in 2011. We currently lease a 27,000 hectare site in the Fingal Valley from the Tasmanian Government.

HardRock Coal Mining Pty Ltd represents the Caason’s most significant investment in natural resources. In full production the mine will deliver an initial one million tonnes of export quality thermal coal per annum.

HRCM has all statutory approvals in place for mine construction and operations. To date significant surface civils have been completed. The project is entering its underground construction phase with works to begin in 2019.

Woomera Mining

Caason Group is a top five shareholder in Woomera Mining Limited (ASX: WML) and played a leading role in WML’s Initial Public Offering (IPO).

Woomera Mining is exploring the highly prospective Gawler Craton and Musgrave Province in South Australia and an extensive lithium tenement portfolio in Western Australia.

Significantly, the company has a joint venture with Oz Minerals (ASX: OZL) in the relation to the Musgrave Alcurra-Tieyon Project that enables OZL to earn up to 75% of the project for an expenditure of $7.5m. The Musgrave project consists of four granted tenements. The company’s exploration focus in the area is on copper-nickel-cobalt and PGE targets.

Carpentaria Resources

Caason Group is a shareholder in Carpentaria Resources Limited (ASX: CAP). Caason Group is responsible for Carpentaria Resources’ relationship with Formosa Plastics Group, a multi-national conglomerate headquartered in Taiwan that has invested in Carpentaria alongside Caason Group.

Carpentaria is focused on developing its flagship Hawsons Iron Ore Project near Broken Hill NSW into a premium producer of high quality iron ore products for the global steel industry.

Formosa Energy

Caason Group is an authorised sales representative of Formosa Energy Pty Ltd in Australia. Formosa Energy (FE) is the Australian arm of Formosa Plastics Group (FPG), a large diversified multi-national conglomerate headquartered in Taiwan with annual revenue ~US$67.2 billion and annual income ~US$13.1 billion.

With Caason Group’s assistance, Formosa Energy is exploring renewable energy projects in Australia along with traditional energy supply arrangements for Formosa Plastics Group.

As an example of our collaborative activities, Caason Group successfully facilitated an iron ore off-take partnership between Formosa Energy and Carpentaria Resources Limited representing 2.6 million tonnes per annum.