ASX-listed Universal Coal has announced a maiden JORC 2012 compliant Coal Reserve estimate of 9.62 million tonnes within the Northern Open-Pit Areas for the Brakfontein project.
Brakfontein is located in the Delmas district, 25km east of the company’s Kangala Mine, and contains a total JORC compliant resource of 75.8 million tonnes.
“The declaration of a maiden Reserve represents the next important milestone in the project’s development and a significant step in our medium-term goal of bringing this asset to book,” said Universal Coal CEO Tony Weber.
“Following the recent granting of a mining right, Brakfontein only awaits the receipt of its water licence (IWULA) before proceeding to development. We will now focus our efforts on optimising the feasibility study including investigating the case for utilising excess capacity at the nearby Kangala operation.”
A prefeasibility study on the project has been completed, but Universal Coal has not yet made any of the information contained in the study available.