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Atrum Coal reports 170% increase to hard coking coal resource at Elan South

Coal News - Published on Thu, 10 Jan 2019

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Australian explorer Atrum Coal has reported a 170% jump in the hard coking coal resource at its Elan South deposit in Canada, as part of an updated resource estimate released today. The new resource of 97 million tonnes comprises 31 million tonnes indicated and 66 million tonnes inferred and represents an increase of 61 million tonnes on the original 36 million tonnes estimate released in 2017. Atrum non-executive chairman Charles Blixt said the updated resource was driven by the company’s 2018 exploration program and validates the belief that Elan South holds substantial resources. He said “We are equally encouraged by initial results from our current detailed coal quality testwork program which has confirmed the presence of a low ash, high yield, low sulphur, hard coking coal. Both outcomes strongly reinforce our strategy of rapidly advancing Elan South towards potential development as a premium hard coking coal operation.”

The potential magnitude of the deposit has been compared to the neighbouring Grassy Mountain project owned by Riversdale Resources, which hosts a stated resource of 195 million tonnes, comprising 85Mt measured and 110 million tonnes indicated.

The Elan project comprises 27 coal exploration tenements spread over approximately 229 square kilometres and known to contain shallow emplacements of high-quality hard coking coal of the Mist Mountain Formation (Kootenay Group).

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Posted By : Rabi Wangkhem on Thu, 10 Jan 2019
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