🕐02.12.10 - 23:27 Uhr

Hunnu Coal [ASX: HUN] - Initial JORC Code Resource for the Unst Khudag Coal Project



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Hunnu Coal [ASX: HUN] - Initial JORC Code Resource for the Unst Khudag Coal Project

Hunnu Coal (ASX: HUN) announces the initial JORC Code compliant reported resource estimate for the Unst Khudag Coal Project.

The Har Toirom Deposit has an initial JORC Measured, Indicated and Inferred Resource of 324Mt to a depth of 140m.

* 226Mt classified as Measured and Indicated.
* The estimate is based on approximately 30% of Har Toirom available data.
* Further upgrades to the Har Toirom JORC resource model expected in early 2011.
* Resource modelling is now progressing on the Unst Khudag Coal Deposit, which will be released in the coming weeks.
* A total of 209 drill holes have now been completed on the Unst Khudag Coal Project.

This has resulted in a total of 17,435m of drilling, including 8,877m of drill core.
* The Company is negotiating off-take agreements with potential buyers for Unst Khudag Project coal.
* The discussions on construction of a power plant on site are progressing positively, with identification of a suitable consultant to undertake a feasibility study
* Transportation and logistics studies for delivering Unst Khudag coal to the Mongolian Chinese border are at an advanced level.

The initial resource has been estimated for the new Har Toirom coal discovery which is located adjacent to the Unst Khudag Coal Deposit.

The independent report has been prepared by Mr David Green of Green Exploration & Mining Services Pty Ltd (�GEMS�) and reviewed by Xstract Group.

Mr Green is a Member of the Australasian Institute of Mining and Metallurgy and a Competent Person in accordance with the December 2004 edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (The JORC Code).

Please find details in the attached announcement.

For further information, please contact:

Matthew Wood
Executive Chairman
George Tumur
Managing Director
E-mail:
Tel: +61 8 9200 4267

Media:
Fortbridge +61 2 9331 0655
Bill Kemmery +61 400 122 449

Luke Dean +61 414 535 433



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