🕐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.
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