Coal FE announces drilling result at E. Kalimantan coal project

Australian firm Coal FE Resources Limited has drilled a total of 1,811 meters in 26 holes over an area of 300 hectares in its Abadi coal project in Muara Badak district, East Kalimantan.

The drill holes have six main coal seams with thicknesses of 0.38-6.99 meters, the company said on Wednesday in a statement highlighting its drilling results.

The drilling program is aimed to detail and prove the Abadi project to meet relevant JORC measured resource requirements.

"Work on a JORC compliant resource estimate is in progress by our consultants and is expected to be completed in May 2008," the company added. (denny)

Average Coal Quality Analysis Results
Analysis	Unit	Basis	Range
Total Mositure	% wt	Ar	35.1 - 47.81
Inherent Moisture	% wt	Adb	14.6 - 23
Ash	% wt	Adb	1.6 - 13.2
Volatile Matter	% wt	Adb	33.9 - 50.16
Fixed Carbon	% wt	Adb	29.6 - 44.5
Total Sulphur	% wt	Adb	0.12 - 1.56
Calorific Value	Cal/g	Adb	4754 - 5767