Saturday, 08 Oct 2011
Universal Coal continues to progress the Berenice Cygnus coking coal project in South Africa forward at speed with the company appointing DRA Mining Ltd to undertake a Concept Study.
Mr Tony Harwood chairman of Universal Coal said “We are delighted to have the strong technical DRA team to assist Universal in determining the quality and size of our future coking coal operation at Berenice-Cygnus.”
This study comes hot on the heels of the announcement earlier in the week that the JORC Resource has been increased to 1.325 billion tonnes at the project. The upgrade was achieved after the company received outstanding slim diameter analytical data from infill holes which were completed during the first phase drilling program.
Another significant outcome to the upgrade is the 56% increase in the coal Indicated to Measured Resource categories over the previous estimate, which was delivered mid-year.
Berenice now comprises
1. 7.9 million tonnes in the Measured category
2. 394.5 million tonnes in the Indicated category
3. 922 million tonnes in the Inferred category
A Feasibility Study is forecast to commence in 2012.
(sourced from proactiveinvestors)
Universal Coal continues to progress the Berenice Cygnus coking coal project in South Africa forward at speed with the company appointing DRA Mining Ltd to undertake a Concept Study.
Mr Tony Harwood chairman of Universal Coal said “We are delighted to have the strong technical DRA team to assist Universal in determining the quality and size of our future coking coal operation at Berenice-Cygnus.”
This study comes hot on the heels of the announcement earlier in the week that the JORC Resource has been increased to 1.325 billion tonnes at the project. The upgrade was achieved after the company received outstanding slim diameter analytical data from infill holes which were completed during the first phase drilling program.
Another significant outcome to the upgrade is the 56% increase in the coal Indicated to Measured Resource categories over the previous estimate, which was delivered mid-year.
Berenice now comprises
1. 7.9 million tonnes in the Measured category
2. 394.5 million tonnes in the Indicated category
3. 922 million tonnes in the Inferred category
A Feasibility Study is forecast to commence in 2012.
(sourced from proactiveinvestors)
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