Indus Coal releases maiden coal resource estimate for Block 9
Wednesday, September 4 2013 - 04:11 AM WIB
ASX-listed Indus Coal Limited released the maiden Coal Resource Estimation arising from the 9,000-meter HQ drilling program at Block 9 of the Jambi coal projects being conducted by 8 drilling rigs over a strike distance of 6 kilometers in length.
?The maiden JORC Coal Resource Estimation for Block 9 of 94,094,218 tons (JORC Indicated + JORC Inferred) with an average GCV (adb) of 5,300 kcal/KG is an outstanding result for Indus and exceeds our expectations,? said Executive Director of Indus Coal, Vinay Hariani in a statement obtained Wednesday.
The 8 drilling rigs on Block 9 continue with the 9,000-meter HQ coring program. The ongoing drilling program will define further and extend the Indicated Resource Category, the statement said
?We are working very closely with GMS on the mining engineering and the completion of a Feasibility Study for the opening of a coal mine on Block 9 which produces 2MT of thermal coal per annum. Preliminary mine planning has commenced by modelling a first open pit in order to mine coal over a strike distance of 2.8 kilometers in length (between holes 30 and 37) across a width of about 500 meters,? the company said.
The resource estimation was completed by Geologica Pty Ltd (Geologica) in conjunction with Global Mining Services Pty Ltd (GMS).
The Jambi coal projects consist of three coal bearing concessions totaling approximately 14,394 ha and which are located in the Central Tebo District, Tebo Regency Jambi Province of Eastern Sumatra.
Editing by Reiner Simanjuntak