Pan Asia reported increased resource at Kalimantan coal project
Tuesday, February 8 2011 - 12:03 AM WIB
Australia-listed Pan Asia Corporation Limited announced Tuesday that the second phase of drilling undertaken at the company's flagship predevelopment TCM Coal Project in South Kalimantan, has substantially increased the Project's JORC Resource to 53.2 million tonnes comprising 22.4 million tonnes of Indicated resources and 30.8 million tonnes of Inferred Resources.
Prior to phase 2 drilling programme, the JORC Resource for TCM was 30.7 million tonnes, comprising 19.7 million tonnes of Indicated Coal Resources & 11 million tonnes of Inferred Coal Resources, the company said.
The quality of the coal has an average calorific value of 6,566 kcal /kg (ADB), 6.41% total moisture, 13.52% ash and 1.52% sulphur.
This compares with the phase 1 drilling quality of coal having an average calorific value of 6,682 kcal/kg (ADB), 4.64% total moisture, 12.09% ash & 1.83% sulphur.
The JORC Resource calculation was undertaken by leading coal industry group Kopex Mining Contractors.(alex)