Attila Resources (ASX: AYA) has been granted a trading halt this morning by the ASX pending the release of a JORC Resource for the Kodiak coking coal project - which is located in Alabama, U.S.
Attila has a 70% stake in the project, and first analysis from the Coke Coal Seam identified extremely low ash (2.6%) and sulfur (0.5%) on a washed basis, along with superior fluidity +20,000 ddpm and swell (FSI 9) indicating a premium hard coking coal
Importantly for the company is that with the coal characteristics so far being encouraging - there is the potential for a raw coal sales strategy.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 12th October.
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