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Coal

Celsius Coal reaffirms coking coal potential of Uzgen Basin, Kyrgyz-Republic

Celsius Coal (ASX: CLA) has revealed coal quality data received compiled by SGS Labs from 2013 drilling at Kargasha, within its Uzgen Basin coking coal project in central Kyrgyz-Republic.

Notable individual intercepts from the program included 2.08 metres with 1.94 metres of coal at 370.4 metres, and 1.67 metres with 1.37 metres of coal at 55.7 metres.

Most sample results from the Kargasha area show free swell index between 6.5 to 8.5, indicating good coking potential, with 46 of the 49 samples analysed showing levels greater than 4.5, generally assessed as a threshold for coking coal.

Notably, analysis is consistent with laboratory results from the 2012 drilling, including a continuing trend of low sulphur and other deleterious elements, suggesting the majority of the Kargasha area has coking coal potential.

All coal samples also show good thermal characteristics with high air dried gross calorific value and low inherent moisture.

Results for the Kokkia area of the Uzgen Basin are expected by the end of January, with values from further metallurgical work including Coke Strength after Reaction analysis, anticipated during the March quarter.

These results will assist Celsius with ongoing mining studies and in discussions with potential off-take partners.

Celsius is currently preparing an update to its inferred mineral resource of 255 million tonnes and exploration target of 55-110 million tonnes for Uzgen Basin, based on the results of the 2013 drilling, with results expected this quarter.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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