🕐13.12.10 - 01:27 Uhr
Universal Coal - Coking Coal Drilling Underway
ASX / MEDIA RELEASE
ASX CODE: UNV
13 December 2010
COKING COAL DRILLING UNDERWAY
Thick Coal Sequences Intersected
Following the successful raising and listing on the ASX under the code UNV,
the Board of Directors of Universal Coal plc ("Universal Coal") is pleased
to provide an update on its Coking coal project.
Drilling has commenced at the eastern portion of Berenice Coking Coal
Project in the Limpopo province, with coal sequences intersected in all
five holes completed to date.
35-40m thick consistently developed coal zones have been intersected at
depths ranging from 20-200m below surface.
The coal zone consists of
inter-bedded bright coal and carbonaceous mudstone.
Additional funds will be allocated to drilling at Berenice with the view to
defining an inferred resource over the initially targeted area of 6989
hectares.
The Company has an earn-in agreement over two coking coal
projects (Berenice and Somerville) that together contain 396Mt of JORC
compliant Inferred resources.
Commenting on the successful drilling, Chairman Dr Tony Harwood said " We
are delighted with the initial intersections of such thick coal sequences.
We will now be focusing on increasing our Coking Coal inferred resource"
The board of Universal Coal will be providing a market update shortly on
all Thermal coal projects which will include production targets on our
first mine to market "Kangala".
Corporate
As of 13th December 2010, Universal Coals registered office in Australia
will be:
Universal Coal plc
Level 2, 28 Kings Park Road,
WEST PERTH, WA, 6005
Ph +61 8 6267 0210
Fax: +61 8 9481 1840
To read the announcement in full, please click here:
http://www.stocknessmonster.com/news-item?T=ABRRXPX1qsfqz8tqB8w2xA&E=ASX&S=UNV&N=520135
For more information on this announcement, please contact:
Universal Coal
Dr Tony Harwood
Chairman
Ph: +27 12 460 0805
Mr Dan Robinson
Company Secretary - Australia
Ph: +61 8 6267 0210
Media
Professional Public Relations
Mr James Harris / Mr Colin Hay
Ph: +61 8 9388 0944
About Universal Coal plc
Universal Coal is a South African focussed coal company holding interests
in three thermal coal projects of between 25% and 70.5%, which contain over
300Mt of JORC-compliant resources.
The Company is aiming to achieve first coal production from the Kangala
Coal Project in 2011, ramping up to full production by the first quarter of
2012, subject to various regulatory approvals.
Development of the Kangala Project is located in the Witbank coalfield in
South Africa, which supplies more than 50% of South Africas saleable
export and domestic coal.
The development of the Kangala Project is planned to be followed by the
development of the Roodekop Project and Brakfontein Project subject to
positive feasibility studies, financing and other regulatory approvals,
with both projects being planned with the object of maximising their export
coal potential.
In addition to the thermal coal projects, the Company has an earn-in
agreement over two coking coal projects (Berenice and Somerville) that
together contain 396Mt of JORC compliant Inferred resources.
The Company has an experienced team of directors, senior managers and
geoscientists with extensive expertise in both coal exploration and mining
in South Africa and who have a proven track record of project development.
Competent Persons Statement
The information in this report that relates to Exploration Results, Coal
Resources or Ore Reserves relating to the Roodekop Project and the Limpopo
Project, is based on information reviewed and compiled by Mr Nico Denner,
who is a registered natural scientist and a member of the South African
Council for Natural Scientific Professions.
Mr Denner is employed by Gemecs
(Pty) Ltd and has sufficient experience which is relevant to the style of
mineralisation and the type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 edition of the Australasian Code for Reporting of
Exploration Results, Coal Resources and Ore Reserves.
Mr Denner consents to
the inclusion in this report of this information in the form and context in
which it appears.
The information in this report that relates to Exploration Results, Coal
Resources or Ore Reserves relating to the Brakfontein Project and the
Kangala Project is based on information reviewed and compiled by Mr David
van Wyk, who is a registered natural scientist and a member of the South
African Council for Natural Scientific Professions and the Geological
Society of South Africa.
Mr van Wyk is a full time employee of GeoCoal
Services and has sufficient experience which is relevant to the style of
mineralisation and the type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 edition of the Australasian Code for Reporting of
Exploration Results, Coal Resources and Ore Reserves.
Mr Van Wyk consents
to the inclusion in this report of this information in the form and context
in which it appears.
Reporting on Exploration Results
The Overview of the Projects in this report have been compiled in
accordance with the JORC Code, the recommendations and guidelines set out
in the revised 2007 South African Code for The Reporting of Exploration
Results, Mineral Resources and Mineral Reserves (SAMREC Code) and the rules
and guidelines relating to the independent experts reports set by ASIC and
ASX.
---------------------------------------------------------------------------
This email was sent by James Harris, Professional Public Relations, 588 Hay
Street, Subiaco WA 6008 to
Unsubscribe:
http://esp.gewru.com/forms/u/1a407d5/12414/1785167692.html
---------------------------------------------------------------------------