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Atrum Coal boosts hard coking coal resource by 170% at Canadian project

The updated resource is underpinned by 37 boreholes completed in three phases of drilling.

Coal revealed by a road cutting in an anticline structure at Elan South

Atrum Coal NL (ASX:ATU) has increased coking coal resources at the Elan South project in Alberta, Canada, by 61 million tonnes, or 170%, to 97 million tonnes.

There are 31 million tonnes in the indicated category and 66 million in the inferred category.

Elan South’s JORC-compliant resource compares to the adjacent Grassy Mountain project of Riverside Resources Inc (CVE:RRI), which contains 195 million tonnes.

“Excited by substantial increase”

Atrum Coal non-executive chairman Charles Blixt said the company was very excited by the substantial increase.

“The combined 97 million tonnes of indicated and inferred resources has validated our belief that Elan South holds substantial hard coking coal resources.”

Encouraging coal quality results

Blixt said the company was equally encouraged by initial results from a detailed coal quality test-work program – confirming a low ash, high yield, low sulphur, hard coking coal.

“Both outcomes strongly reinforce Atrum’s strategy of rapidly advancing Elan South towards potential development as a premium hard coking coal operation.”

He said Elan South represented just one targeted development at Elan in the Crowsnest Pass area of Alberta.

Estimates for other deposits expected

Updated JORC resource estimates for other deposits are expected in late January while detailed coal quality results are expected in the coming weeks.

The Elan Coking Coal Project comprises several different project areas known to contain shallow emplacements of high-quality coking coal.  

The 2018 program focused on Elan South where seven exploration boreholes were previously drilled in 2014.

Cumulative work totaled 6,900 metres and included seven trenches, 12 reverse circulation boreholes, 20 percussion boreholes, detailed surface mapping and four large diameter cored holes.

Underexplored target areas

The Elan South JORC resource review identified several prospective but underexplored target areas for future exploration.

These include Eastern Elan South, Central Ridge and Cat Mountain.

Eastern Elan South is the primary target area for 2019 with additional boreholes expected at Central Ridge and Cat Mountain.

- Jessica Cummins

Quick facts: Atrum Coal NL

Price: 0.24 AUD

Market: ASX
Market Cap: $137.71 m

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