Universal Coal - One2One Presentation - 13th January 2011
Universal Coal - One2One Presentation - 13th January 2011
Universal Coal - One2One Presentation - 13th January 2011
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Berenice Soutpansberg Project Overview<br />
Key Figures<br />
Ownership<br />
Resources<br />
Exploration<br />
Earn in to 50% (opportunity<br />
to acquire 74%)<br />
122Mt Gross in-situ inferred<br />
resources – Coking coal<br />
Commenced first phase of<br />
drilling in Q4 2010.<br />
Exploration Target over<br />
~6000h expected to reveal<br />
Inferred resource by end of<br />
H1 <strong>2011</strong><br />
Railway<br />
Highlights<br />
• Drilling commenced, with five (5) holes<br />
completed to date<br />
• Call intersections consistently developed<br />
composite coal zone, 35-40m thick<br />
• Current intersection depths from 20m to 200m below surface . The coal zone consists of interbedded bright coal and carbonaceous<br />
mudstone<br />
• These intersections follow on the historic inferred resource recorded over portions of this initial target area<br />
• A significant portion of this exploration Target expected to provide high yielding Coking coal will be shallow, exploitable by open pit<br />
mining<br />
• 30km west of the main railway line linking Musina with the major centre of South Africa<br />
14
Change language