Change of Company Name
Sydney, Jan 23, 2017 AEST (ABN Newswire) - At the Annual General Meeting on 30 November 2016, Atrum Coal NL (
ASX:ATU) (ATRCF:OTCMKTS) shareholders approved a change to the company name and type from Atrum Coal NL to Atrum Coal Limited ("Atrum" or the "Company"), converting from a No Liability Company to a Public Company Limited by Shares.
The ASIC has now recorded the change of company name and type on 20 January 2017.
The Company's ASX Code: ATU, its ACN 153 876 861 and its Registered Office of Level 19, 1 O'Connell Street, Sydney NSW 2000 all remain the same.
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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