APAC reports E. Kalimantan coal resources

ASX-listed firm APAC Coal Limited announced on Monday coal resource of 18.2 million tonnes at its PT Batubara Selaras Sapta tenement in East Kalimantan.

?Data review and modelling undertaken by the Ravensgate using MineSight modeling software has defined an 18.2 Mt Inferred Resource at an average gross calorific value of 4,334 cal/g (ADB). The estimate complies with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) reporting requirements for Mineral Resources,? the company said.

The company said additional drilling is expected enhance the resource tonnes of the tenement.

The company also reported that illegal activities on the 890 ha area was resolved to the satisfaction of the Board. ?APAC Coal has now been advised that the party, even though denied support, has sought Supreme Court leave to appeal the previous decision,? the company said

APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land in East Kalimantan.

APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in the upstream petroleum and coal business. (denny)