Quarterly Activities Report for Period Ended 30 June 2014
Perth, Aug 1, 2014 AEST (ABN Newswire) - Atrum Coal NL ("Atrum" or the "Company") (
ASX:ATU) (ATRCF:OTCMKTS) is pleased to report the Company's activities for the quarter ended 30 June 2014 in relation to its 100% owned metallurgical coal projects located in British Columbia, Canada.
Commenting on the quarterly achievements, Chairman James Chisholm stated:
"This past quarter has been a very active and busy time for Atrum. We have been progressing with our bulk sample plans and building our operational team to deliver 'first anthracite on ship'."
"Our recent PFS demonstrated the potential for significant economic returns at Groundhog and we are now building on our experience and capability with the appointment of additional directors to the board."
"We are focused on commencement of trial mining through a bulk sample program and delivery of 'first anthracite on ship' by the end of the year."
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-686465.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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