SOURCE: Longview Capital Partners Incorporated

September 12, 2007 13:25 ET

Longview Capital Partners Congratulates Waratah on Coal Resource

VANCOUVER, BC--(Marketwire - September 12, 2007) - Longview Capital Partners Incorporated (TSX-V: LV) congratulates Waratah Coal on its recent acquisition of a 675 million-tonne coal resource in the Galilee Basin in Australia. Waratah successfully applied for a permit over the North Alpha area, which had been drill-tested in the 1970s. While in application, Waratah commissioned an independent resource estimate from SRK Consulting. SRK estimated the 675 million-tonne inferred resource of low-sulphur thermal coal and suggested additional resources could be found in the southern portion of the permit. This acquisition positions Waratah as a much larger company, especially considering this resource is near-surface with little to no faulting to disturb the coal seams. International thermal coal prices are currently in the range of US $50 to $60 per tonne.

Furthermore, Waratah has completed 48 holes at its South Alpha licence in order to define another inferred resource estimate on the same coal seams that make up the 675 mt North Alpha resource. SRK is currently reviewing drill data and a resource estimate for the South Alpha permit is expected shortly. The Alpha area is well known for large coal deposits -- Hancock Prospecting Ltd's 2.1 billion-tonne coal deposit is sandwiched between Waratah's North and South Alpha properties.

Longview Capital assisted Waratah Coal with its initial listing on the TSX-Venture Exchange in December 2006 and remains a significant shareholder in the company. Waratah's strategy of building a dominant land position around Hancock Prospecting's substantial deposit is now demonstrating value, including the staking of a permit covering 675 million-tonnes of coal already defined by previous operators. Please visit for more information on this acquisition.

About Longview Capital Partners

Longview Capital Partners is a global resource group, which selectively invests in private or undervalued assets, augments management teams with our expertise and assists in the going public process. Once public, Longview Capital Partners continues to invest and brings an awareness of each opportunity to our network of retail and institutional investors.

For more information on Longview Capital Partners Incorporated, please contact Mr. Spiro Kletas, Investor Relations, at (604) 681-5755 or visit our website at

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For more information, please contact:

    Mr. Spiro Kletas
    Investor Relations
    (604) 681-5755