Coal-to-energy focused Intra Energy Corporation (IEC) has secured a further coal exploration licence in Malawi as the company expands in Eastern Africa.
IEC’s wholly owned Malawi subsidiary, Intra Energy Trading Limited (IETL), was granted the Ngana West licence covering 50.2 km just south of the Tanzanian border. It complements the Ngana East lease granted to IEC’s subsidiary company Malcoal in March this year and gives IEC access to all known coal resources in the Ngana coal field.
Historical exploration has been undertaken over the lease, principally under the guidance of the Malawian Geological Survey. Reports obtained indicate Ngana West hosts large, shallow coal resources.
IEC recently carried out exploration mapping as part of a sponsored due diligence programme and has located numerous outcropping coal seams throughout the lease area with good quality thermal properties and a range of physical properties making it suitable for future open cut mining. It will commence with detailed and systematic exploration of the leases to quantify and qualify the resources.
IEC has recently announced a JORC compliant resource at Kopakopa within the North Rukuru lease area of 23.9 Mt. A further JORC resource evaluation is underway on the company’s Nkhachira mine lease areas. These coal resources are well situated for supplying Malawian coal to an IEC sponsored thermal coal fired power station to be developed at Chipoka in Malawi’s central region.
Malcoal is currently mining from the Nkhachira mine and has contracts to supply domestic industrial users.