Atrum Coal NL - Half Year Report ended 31 December 2014
15.03.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is an Australian-based anthracite developer and near term producer established to explore and develop metallurgical coal projects.The principal activity of the Group is the exploration and development of its flagship high grade and ultrahigh grade anthracite asset, the Groundhog Anthracite Project ("Groundhog") located in British Columbia, Canada.
Additionally the Group also has several other earlier stage exploration projects, all prospective for metallurgical coal including semi-anthracite and high grade / ultra-high grade anthracite, being the Panorama Anthracite Project, the Naskeena Coal Project, the Bowron River Coal Project and the Peace River Coal Project, located in British Columbia, Canada.
Through the Company's wholly owned subsidiary, Kuro Coal Limited, the Company is also earning a 70% interest in the Elan Coking Coal Project, in Alberta, Canada.
The Company's flagship Groundhog Anthracite Project (Groundhog) is located in north-west British Columbia in close proximity to key mining services and established infrastructure including rail, power, water, roads and port. The Groundhog Project (including the Panorama Anthracite Project) comprises 45 granted coal licenses and 33 coal lease applications covering an area of approximately 81,616 hectares and possesses a 1.57Bt JORC Measured, Indicated and Inferred resource.
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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