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JORC RESOURCE ESTIMATE FOR THE UNST KHUDAG THERMAL COAL PROJECT
July 1, Hunnu Coal Limited (ASX:HUN) --
The Company is very pleased to announce an upgraded JORC compliant resource estimate for the Unst Khudag Coal Project.
Ø 100% increase to JORC Resources at Unst Khudag
Ø JORC Resource of:
o 676Mt to a depth of 150m
Ø 601Mt classified as Measured (541Mt) and Indicated (60Mt).
Ø Further upgrades to the JORC Resource model expected in the latter half of 2011 with additional drilling underway.
Ø A total of 325 drill holes for 28,245 metres were utilised in the JORC Resource estimate.
Ø The Company is in advanced discussions for off-take with potential future buyers of Unst Khudag Project coal.
Ø 100% owned rail loading spur at Choir railway station nearing completion. 3Mt per annum of capacity secured on the existing Trans-Mongolian Railway.
Ø Feasibility study into delivery of rail to mine gate nearing completion.
Ø New development concept being scoped. +20 year mine life, delivering a product at +5,000Kcal to the Chinese border from the Unst Khudag Mine at a rate of 10Mt to 20Mt per annum.
Ø Hunnu Coal now has Total JORC Resources across its projects of 766Mt.
Ø Initial JORC estimate currently being calculated for the Altai Nuurs Premium Hard Coking Coal Project. Altai Nuurs has an Exploration Target* of 250Mt to 500Mt.
Ø Upgraded JORC estimate currently being completed for the Tsant Uul Project which currently has a JORC Resource of 90Mt.
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