Haddington says exploration progressing at S. Kalimantan coal project

Australian firm Haddington Resources said on Wednesday it had been actively progressing exploration of the Tabalong Coal Project in South Kalimantan.

According to the company, three geological teams have been conducting on site outcrop confirmation, mapping and sampling on the two KPs (mining licenses) that make up the Tabalong Coal Project.

Over 40 new coal outcrops have been located and 17 coal outcrops identified in previous exploration work have been confirmed.

A stratigraphic drilling program is scheduled to commence early in the current quarter, utilizing 2 core rigs from Minvest subsidiary Asiadrill. The program will be designed to quantify the geometry and extent of the coal seams, including a core program to determine consistency of coal quality, and will be capable of providing sufficient data to determine a resource.

Recent sampling has confirmed the presence of a high calorific, low ash and medium to high sulphur coal type. Energy values are very high, ranging between 6,500 and 7,500 kcals/kg (adb), and indicating a high grade thermal product, the company said.

Haddington has option agreements with KP owners.(alex)