Atrum Coal NL- Presentation to Canadian Coal Conference
11.06.2016 | ABN Newswire
Sydney - Atrum Coal NL's (ASX:ATU) (OTCMKTS:ATRCF) Groundhog project has the potential to be the largest supplier of seaborne anthracite, within a relatively short timeframe. The project has the attributes to become a long-term source of reliable global supply into multiple markets and geographies.Project
Consolidation of entire 800km2 Groundhog Coalfield
Successful exploration of Groundhog delineating 1.02Bt of JORC Resource
Awarded Bulk Sample Permit - Q2 2016
Transport
Port allocation at Stewart Bulk Terminal increased from 1.5Mtpa to 3.5Mtpa (non-take or pay)
Effective trial of the shiploader at Stewart Bulk Terminals in 2015
Commercial
Signed Offtake MOUs with Japanese, Korean and European customers
Arranged and executed $100M Equipment Finance Package
Continued discussion on JV's at Groundhog and Panorama
The Groundhog North Mining Complex now includes a staged approach to development initially employing a low cost starter mine producing 880,000tpa ultra-high grade anthracite.
This continuous miner underground mine will allow the Company to:
- establish operations in the area, and prove the logistics chain
- continue to develop long term and sustainable relationships with the Company's aboriginal partners
- establish customer channels
- investigate alternative high value markets
- generate early cash flows
To view the presentation, please visit:
http://abnnewswire.net/lnk/J72748HO
About Atrum Coal NL:
Atrum Coal NL (ASX:ATU) 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
Bob Bell Executive Chairman
M: +1-604-763-4180
E: rbell@atrumcoal.com
Theo Renard, Company Secretary
M: +61-430-205-889
E: trenard@atrumcoal.com
Nathan Ryan, Investor Relations
M: +61-420-582-887
E: nathan@atrumcoal.com