🕐25.01.11 - 00:54 Uhr

Hunnu Coal [ASX: HUN] - Interest in Unst Khudag Coal Project increased to 80%



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Hunnu Coal [ASX: HUN] - Interest in Unst Khudag Coal Project increased to 80%

Hunnu Coal (ASX: HUN) has acquired a further 15% interest in the Unst Khudag Coal Mine and surrounding licenses including the new Har Toirom Coal Discovery.

Highlights:

* Hunnu Coal now has an 80% interest in the Unst Khudag Coal Project.
* The Unst Khudag Project has an initial JORC Measured, Indicated and Inferred Resource of 324Mt to a depth of 140m.

This Resource is based on less than 30% of the available date.
* An updated JORC Resource is currently being calculated.
* Coal analysis reveals a high quality thermal coal with an average calorific value of 6,784 kcal/kg dry ash free (daf).

The Unst Khudag Coal Project is located in Dundgobi province, 290km from Ulaanbaatar, and approximately 180km from the Mongolian railway grid.

The Project consists of two exploration licenses and one mining license covering over 59,000 hectares.

Please refer to the attached announcement for details.

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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