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Atrum Coal NL (ATRCF) Annual General Meeting Presentation 2014

2014-11-27 21:09 ET - News Release

Perth, Australia, Nov 28, 2014 - (ABN Newswire) - Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) provide the Annual General Meeting Presentation for 2014.

Achievements include:

Consolidation of entire 800km2 Groundhog Coalfield through Panstone and Anglo Pacific acquisitions

- Major exploration works with >160 diamond core drill holes at Groundhog completed to date

- In May, Groundhog North PFS delivers A$1 billion post-tax NPV10 with 39% IRR

- In October, Supplementary Groundhog North SPFS delivers A$1.7 billion post-tax NPV10 with 42% IRR

- Appointment of Senior Management - Anthracite Marketing and Business Development, Finance & Operations

- Key coal licences and work programs granted following First Nations consultation

- Largest First Nations contingent for direct and indirect employment in Company's history

- Appointment of experienced coal mining and infrastructure NEDs to Board

- Successful trial of the shiploader at Stewart Bulk Terminals

- Port allocation at Stewart Bulk Terminal increased from 1.5Mtpa to 3Mtpa (non take or pay)

- Establishment of Anthracite Marketing Advisory Committee and Senior Appointments

- Acquisition of Elan Coking Coal Project and completion of maiden exploration program

- Independent Exploration Target of 32.6 to 33.6 billion tonnes for entire Groundhog tenure*

- Offtake discussions well advanced with Japanese, Korean and Taiwanese anthracite market participants

To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-702007.pdf


About Atrum Coal NL:

Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is an emerging metallurgical coal explorer and developer.

The Company has a substantial coal position in British Columbia which, as a region boasts:

- Abundance of high quality PCI, coking and anthracite coals
- Well developed rail and port infrastructure with excess capacity
- Access to deep sea ports
- Competitive shipping distance to Asia
- Positive government stance on mining

The Company is building a quality portfolio of metallurgical coal assets suited to the Asian export market and the Board of Directors have a strong track record in identifying and developing world class coal assets in Australia and abroad.


Contact:
 
Atrum Coal NL
T: +61-8-9388-3131
WWW: www.atrumcoal.com
 


Source:

Atrum Coal NL

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