Hunnu Coal [ASX: HUN] - JORC Resource Estimate For The Unst Khudag Thermal Coal Project
Hunnu Coal (ASX: HUN) announces an upgraded JORC compliant resource estimate for the Unst Khudag Coal Project, Mongolia. The 100% increase takes the JORC Resource to 676Mt to a depth of 150m.
Highlights:
* 100% increase to JORC Resources at Unst Khudag
* JORC Resource of 676Mt to a depth of 150m
* 601Mt classified as Measured (541Mt) and Indicated (60Mt).
* Further upgrades to the JORC Resource model expected in the latter half of 2011 with additional drilling underway.
* A total of 325 drill holes for 28,245 metres were utilised in the JORC Resource estimate.
* The Company is in advanced discussions for off-take with potential future buyers of Unst Khudag Project coal.
* 100% owned rail loading spur at Choir railway station nearing completion. 3Mt per annum of capacity secured on the existing Trans-Mongolian Railway.
* Feasibility study into delivery of rail to mine gate nearing completion.
* New development concept being scoped. +20 year mine life, delivering a product at +5,000Kcal to the Chinese border from the Unst Khudag Mine at a rate of 10Mt to 20Mt per annum.
* Hunnu Coal now has Total JORC Resources across its projects of 766Mt.
* Initial JORC estimate currently being calculated for the Altai Nuurs Premium Hard Coking Coal Project. Altai Nuurs has an Exploration Target* of 250Mt to 500Mt.
* Upgraded JORC estimate currently being completed for the Tsant Uul Project which currently has a JORC Resource of 90Mt.
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