Half Year Report ended 31 December 2014
Sydney, Mar 16, 2015 AEST (ABN Newswire) - Atrum Coal NL (
ASX:ATU) (ATRCF:OTCMKTS) is an Australian-based anthracite developer and near term producer established to explore and develop metallurgical coal projects.
The principal activity of the Group is the exploration and development of its flagship high grade and ultrahigh grade anthracite asset, the Groundhog Anthracite Project ("Groundhog") located in British Columbia, Canada.
Additionally the Group also has several other earlier stage exploration projects, all prospective for metallurgical coal including semi-anthracite and high grade / ultra-high grade anthracite, being the Panorama Anthracite Project, the Naskeena Coal Project, the Bowron River Coal Project and the Peace River Coal Project, located in British Columbia, Canada.
Through the Company's wholly owned subsidiary, Kuro Coal Limited, the Company is also earning a 70% interest in the Elan Coking Coal Project, in Alberta, Canada.
The Company's flagship Groundhog Anthracite Project (Groundhog) is located in north-west British Columbia in close proximity to key mining services and established infrastructure including rail, power, water, roads and port. The Groundhog Project (including the Panorama Anthracite Project) comprises 45 granted coal licenses and 33 coal lease applications covering an area of approximately 81,616 hectares and possesses a 1.57Bt JORC Measured, Indicated and Inferred resource.
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http://media.abnnewswire.net/media/en/docs/ASX-ATU-713007.pdf
About Atrum Coal Limited
Atrum Coal Limited (ASX:ATU) is a metallurgical coal developer. The Company flagship asset is the 100%-owned Elan Hard Coking Coal Project in southern Alberta, Canada. Elan hosts large-scale, shallow, thick, hard coking coal (HCC) deposits with a current JORC Resource Estimate of 298 Mt (70 Mt Indicated and 228 Mt Inferred). Comprehensive quality testing of Elan South coal on samples from the 2018 exploration program, combined with review of substantial historical testwork data for the broader Elan Project, has confirmed Tier 1 HCC quality.
The initial focus for development is the Elan South area, which is located approximately 13 km from an existing rail line with significant excess capacity, providing direct rail access to export terminals in Vancouver and Prince Rupert. Elan South shares its southern boundary with Riversdale Resources Grassy Mountain Project, which is in the final permitting stage for a 4.5 Mtpa open-cut HCC operation. Around 30km to the west, Teck Resources operates five mines (the Elk Valley complex) producing approximately 25 Mtpa of premium HCC for the seaborne market.
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