Realm Resources says exploration works to be completed February
Thursday, February 2 2012 - 03:32 AM WIB
Australian-listed company Realm Resources Limited said that the ongoing exploration works with additional 17 drill holes are expected to be completed this month to asses the coal resources in Katingan Ria project in Central Kalimantan.
In its announcement made on January 31, the company said that the exploration works commenced in December was among others to provide additional quality data on Main and upper seams in the north and to complete the inferred resource estimate for the main seam throughout the concession as a whole.
?This work is necessary ahead of commencing negotiation with potential strategic customers, financiers and investors,? the company said.
The company said the total inferred resources estimate (JORC) at Katingan Ria project increased from 40 million tonnes to 79 million tonnes as of December 31.
Realm Resources said that an aerial survey (LIDAR) of the concession area and the haul road to the river was completed in November 2011 providing improved resolution of the site?s topography necessary for resource evaluation, mining and civil design work. ?Seascape has been appointed to undertake a detailed bathymetric survey of the mouth and upper reaches of the Katingan River , with this work expected to be complete by mid February 2012,? it said.
By Adianto P. Simamora