🕐25.09.12 - 03:00 Uhr

ENDOCOAL LIMITED [ASX:EOC] - ROCKWOOD PROJECT UPDATE, 25 SEPTEMBER 2012





Fortbridge Media Release

Endocoal Limited [ASX:EOC] - Rockwood Project Update, 25 September 2012

1. Highlights

- Endocoal recently attended the 5th Coaltrans World Anthracite, Coke, Coking Coal and PCI Summit;
- Key finding was attractiveness of high carbon, high energy, low volatile anthracite, especially as steelmakers seek to lower input costs;
- Rockwood coal specifications appear likely to be attractive to end-users;
- Endocoal now focussing Rockwood Project activities on:
- confirming product specifications and value-in-use applications; and
- commencing preliminary mine planning studies.

2. Understanding the World Anthracite Product Market

Endocoal Limited (ASX: EOC) advises that the Chief Executive Officer (CEO), Tim Hedley, recently attended the 5th Coaltrans World Anthracite, Coke, Coking Coal and PCI Summit, in Hong Kong.

Initial coal laboratory analyses completed on Rockwood core samples, from drilling in 2011 and 1H 2012, indicates that coal in this deposit is of a high carbon, high energy and low volatile anthracite type.

The primary purpose for attending the Hong Kong conference was for EOC to begin to engage with and better understand the world anthracite industry; the market dynamics in place; as well as both near-term and longer-term supply and demand situations. Gaining product knowledge and industry intelligence in this particular area of the coal market is essential as EOC moves forward with the Rockwood Project.

3. Rockwood Project Opportunities

Internationally, the main industrial uses of higher-grade anthracite comprise:
- Power stations (as the long-term fuel source in some locations);
- Ore sintering;
- Feed to processing industries (kilns, smelting, etc); and
- Pulverised coal injection (PCI).

To read more please see attachment.








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