Realm Resources completes stage 3 technical program
Friday, December 14 2012 - 06:11 AM WIB
ASX-listed Realm Resources Ltd recently stated that it has completed work on phase three technical program at its Katingan Ria Project.
The exploration program is aimed to increase the size of the JORC compliant coal resource and potentially allow for conversion of some of this resource to a JORC compliant reserve estimate along with production of a feasibility study.
Katingan Ria (Realm 51% interest, with option to increase to 75%), located in Kalimantan, Indonesia, is shaping up as a simple, open-cut operation that will supply low ash and low sulfur coal ideally suited for modern Indian and Chinese power generation.
To date, a JORC compliant 2Mt resource has been defined.
The 2012 exploration programme commenced on the 17th September with 1 medium size track mounted drill rig with HQ size capability mobilised to site, by Indonesian drilling firm Arbico Karya Mandiri.
The drilling initially focused on the south eastern quadrant of the project area, which was identified in the recently completed Project Study as the best potential mining start-up area given the low strip ratios and favorable coal quality results. Drilling then progressed to the central and northern areas of the lease to aid in the continued development of the geological model in these areas.
During the program, a total meterage of 1,370 m was completed, with 1,133 m of chip and 237 m of HO size core in a total of 18 holes.
"Results to date support the original model predictions, with average Main Seam thickness close to predictions," company said without going into details.
Editing by Er Audy Zandri