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Tuesday, January 25, 2011

[cpsinewswire] [CPSI News Alert] Hunnu Coal Increases Unst Khudag Stake to 80%

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

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Hunnu Coal ups stake in Unst Khudag Coal Project in Mongolia to 80%

January 25 (Proactive Investors Australia) Hunnu Coal (ASX: HUN) has acquired a further 15% interest in the Unst Khudag Coal Mine and surrounding licenses including the new Har Toirom Coal Discovery.

Hunnu Coal now has an 80% interest in the Unst Khudag Coal Project which has an initial JORC Measured, Indicated and Inferred Resource of 324 million tonnes (Mt) to a depth of 140 metres. 

This Resource is based on less than 30% of the available data and an updated JORC Resource is currently being calculated.

Coal analysis reveals a high quality thermal coal with an average calorific value of 6,784 kcal/kg dry ash free (daf).

The Unst Khudag Coal Project is located in Dundgobi province, Mongolia, and is situated about 180km from the Mongolian railway grid.

The project consists of two exploration licenses and one mining license covering a massive 59,000 hectares of area.

The Unst Khudag Coal Mine aims to provide a high quality premium thermal coal product to service both hungry domestic and Chinese off-take customers and has an Exploration Target of 250Mt to 500Mt.

Link to article

Link HUN Announcement

 

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

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