Atrum Coal NL Supplementary PFS Results Presentation
20.10.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) provide the latest presentation on the Groundhog North Underground Mine, showing the optimised PFS has yielded further compelling results.The highlights from the presentation are:
- Worlds largest undeveloped anthracite deposit 1.57Bt
- Low capital intensity ($110/tac)
- Globally competitive operating costs
- Very low capital cost ($58m) entry into development mining in 2H 2015
- Highest value metallurgical coal products
* Lump products currently selling in Japan and Korea at significant premium to hard coking coal
- Existing infrastructure enables export on non takeor-pay terms
* Road to Stewart Port
* Dedicated terminal available at Stewart Port
* Existing railhead 30km from mine
* Option to utilise Ridley &/or Westshore Terminals
- Capital requirements funded through minority asset stake sale in Groundhog North (GHN).
* Completion in H1 2015
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-695497.pdf
About Atrum Coal NL:
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is an emerging metallurgical coal explorer and developer.
The Company has a substantial coal position in British Columbia which, as a region boasts:
- Abundance of high quality PCI, coking and anthracite coals
- Well developed rail and port infrastructure with excess capacity
- Access to deep sea ports
- Competitive shipping distance to Asia
- Positive government stance on mining
The Company is building a quality portfolio of metallurgical coal assets suited to the Asian export market and the Board of Directors have a strong track record in identifying and developing world class coal assets in Australia and abroad.
Contact:
Atrum Coal NL
T: +61-8-9388-3131
www.atrumcoal.com