Realm Resources completes Katingan Ria project study
Tuesday, August 7 2012 - 10:42 AM WIB
ASX-listed firm Realm Resources Ltd recently stated it has completed the project study for the Katingan Ria Project, independently reviewed by Xenith Consulting Pty Limited, which undertook a further drilling program to increase geological confidence to assist the completion of a bankable feasibility study.
"The company is now working to incorporate Xenith?s recommendations into a new technical program that would, when taken with additional engineering studies, potentially allow for conversion of some JORC compliant coal resources to a JORC compliant reserve estimate and the production of a bankable feasibility study," the company said in a report submitted to the Australian Stock Exchange.
Katingan Ria is located near the town of Tumbang Samba in Central Kalimantan, approximately 175 km north west of the regional capital of Palangkaraya. The project mining concession covers an area of some 4,258 hectares within an area subject to commercial forestry operations.
The project?s base case is designed to mine 1 to 1.5 Mtpa of coal ramping up to 3 Mtpa within three years. It is proposed to use a truck and excavator fleet to produce a thermal coal product for the domestic and export markets, initially over a period of 15 years.
Coal would be transported from the mine site to the Pegatan Anchorage at the southern coast of Central Kalimantan for loading to ocean shipping vessels and export. The total transportation distance to the anchorage (including road and barge) is approximately 450 km.
Editing by Er Audy Zandri