[cpsnewswire] [BREAKING NEWS] Hunnu Announces Tsant Uul Drill Results to be Similiar to TT

Tsant Uul Coking Coal Project Drill Results

 

(Attached is the official ASX Release)

 

…

·         Initial Test Results show coal similarities to TT

·         Extensive drilling to commence in coming weeks with the aim of generating initial JORC resources

·         Existing road haulage to China peripheral to project

·         Proposed rail line to China peripheral to project

·         Exploration target of 50Mt to 100Mt of coal

·         Coal quality analyses of five drill core samples showed Total Moisture = 5% to 6.9%, Ash = 15.2% to 36%, Volatile Matters – 26.1% to 29.6%, Fixed Carbon = 36.2% to 50.7%, Sulfur = 0.3% to 0.55% and the gross Qdaf = 6,990 kCal/kg to 7,466kCal/kg, and CSN = 0 to 1.5

 

 

(Mogi: CPS Securities was a lead manager in Hunnu Coal’s successful IPO in February this year. Shares prices today were trading at 90 Aussie cents prior to the announcement, reached as high as 0.935 right after the announcement)           

 

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"Mogi" Munkhdul Badral

CPS International

Email: mogi@cpsinternational.mn

Mobile: +976-99996779

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at mogi@cpsinternational.mn or +976-9999-6779.