Provides Update on Bulk Sample Permit Application
Sydney, Dec 21, 2015 AEST (ABN Newswire) - Atrum Coal NL (
ASX:ATU) is providing an update on its application process for a permit to mine a bulk sample at the Company's flagship Groundhog Anthracite project ("Groundhog").
The Company has been engaged with responsible regulators within the Government of British Columbia in its application for the Bulk Sample Permit. Atrum was advised at the end of last week by those regulators that the permitting process will not be complete by the end of 2015. Atrum also received confirmation from the regulators that there are no outstanding information requirements from the Company at this time. The Company will provide further updates as new information becomes available.
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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