Atrum Coal NL Annual General Meeting Presentation 2014
28.11.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) provide the Annual General Meeting Presentation for 2014.Achievements include:
Consolidation of entire 800km2 Groundhog Coalfield through Panstone and Anglo Pacific acquisitions
- Major exploration works with >160 diamond core drill holes at Groundhog completed to date
- In May, Groundhog North PFS delivers A$1 billion post-tax NPV10 with 39% IRR
- In October, Supplementary Groundhog North SPFS delivers A$1.7 billion post-tax NPV10 with 42% IRR
- Appointment of Senior Management - Anthracite Marketing and Business Development, Finance & Operations
- Key coal licences and work programs granted following First Nations consultation
- Largest First Nations contingent for direct and indirect employment in Company's history
- Appointment of experienced coal mining and infrastructure NEDs to Board
- Successful trial of the shiploader at Stewart Bulk Terminals
- Port allocation at Stewart Bulk Terminal increased from 1.5Mtpa to 3Mtpa (non take or pay)
- Establishment of Anthracite Marketing Advisory Committee and Senior Appointments
- Acquisition of Elan Coking Coal Project and completion of maiden exploration program
- Independent Exploration Target of 32.6 to 33.6 billion tonnes for entire Groundhog tenure*
- Offtake discussions well advanced with Japanese, Korean and Taiwanese anthracite market participants
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-702007.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