Completes Maiden Ship-Loader Trials
Perth, Aug 14, 2014 AEST (ABN Newswire) - Atrum Coal NL ("Atrum" or the "Company") (
ASX:ATU) (ATRCF:OTCMKTS) is pleased to announce it has successfully trialled the ship-loader at Stewart Bulk Terminal, 150km from the Company's flagship Groundhog Anthracite Project.
VP Operations, Mr Ben Smith commented:
"It has been two short years since Atrum was publicly listed and we are excited to report a successful trial of the ship-loader at the Stewart Bulk Terminal in the Port of Stewart. As the project starts to gather pace, this is a significant milestone in proving our logistics chain and we are looking forward to completing customer sample loads later this year."
MAIDEN SHIP-LOADER TRIALS
The Company recently transported high grade anthracite to the Stewart Bulk Terminals (SBT) at the Port of Stewart for testing of storage, coal handling and loading facilities.
High grade and ultra-high grade anthracite from the Company's Groundhog North operation has been stockpiled at SBT. Recent testing at the port showed that the existing equipment is capable of loading at least 1.5Mtpa of high grade and ultra-high grade anthracite. The Company also has an MOU in place for a further 5Mtpa at Stewart World Port (SWP) which is currently under construction.
To view photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-687748.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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