Shumba Coal Upgrades Gross in-Situ Tonnes Coal to 1.14Bt at Sechaba
GABORONE, Botswana--(BUSINESS WIRE)--Shumba Coal :
|RAW QUALITIES (air-dried)|
|SEAM||JORC||SEAM||GROSS IN-SITU TONNES||CALORIFIC VALUE|
|SUB - TOTAL MORUPULE MAIN SEAM (INCLUDING INFERRED RESOURCES)||437||Mt|
|SUB - TOTAL TAUKOME BRIGHT SEAM (INCLUDING INFERRED RESOURCES)||619||Mt|
|SUB - TOTAL MORUPULE UPPER SEAM (INCLUDING INFERRED RESOURCES)||87||Mt|
|GRAND TOTAL||1,144 Mt|
Following the completion of a 4,000m drill programme at Sechaba focused on delineating to a higher accuracy the shallowest part of the deposit, the Directors of Shumba Coal are pleased to report that the coal resources at Sechaba have been upgraded with highlights as follows:
- There was a 19% increase in the reportable JORC Compliant Gross In-Situ coal resources at Sechaba to 1.14 Billion Tonnes
- The average reported seam thickness increased by over 20% in the “planned mining area” for both the Morupule Main and Taukome Bright Seams
- A new lower quality coal seam, the “Morupule Upper Seam”, was discovered above the previously known Morupule Main Seam
- 67 Million Tonnes of new Measured Resources were delineated and total Indicated Resources where increased by over 70% to 194 Million Tonnes; bringing total Measured and Indicated Resources to 261 Million Tonnes of coal
Coal washability analysis has been completed and results are currently being modelled in order for the Company to assess what mix of products should be pursued.
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Shumba Coal is a Botswana Stock Exchange listed Junior Coal Miner with a focus of becoming a leading producer of sustainable low cost thermal coal. Our flagship Sechaba Project has approximately 1 billion tonnes of JORC compliant coal resources and is well positioned in terms of power, water, road and rail Infrastructure. Sechaba has the potential for multiple 300MW power station opportunities for domestic and export power markets; and could also export large tonnages via existing rail.