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| | | | As of December 2004, the Group increased its position to 100% control of its Panorama and Trefi coal interests in British Columbia. Trefi Coal Project As noted in a technical report dated March 18, 2010, the Trefi coal property (located in northeast British Columbia, Canada) has measured mineral resources of 14.25 million tonnes weak coking coal, indicated mineral resources of 24.85 million tonnes weak coking coal, and inferred mineral resources of 51.50 million tonnes weak coking coal. These mineral resource estimates were prepared in accordance with National Instrument 43-101 by Moose Mountain Technical Services, an independent consultancy based in Canada. A copy of the technical report is available at SEDAR and on this website here. The Group is in the process of carrying out a scoping study on the Trefi resource in order to progress the project towards the Group's objective of earning a royalty entitlement and retaining a carried interest. Panorama Coal Project As noted in a technical report dated March,18 2010, the Discovery property (located in northeast British Columbia, Canada) has indicated mineral resources of 13.70 million tonnes semi-anthracite to anthracite coal, and inferred mineral resources of 24.10 million tonnes semi-anthracite to anthracite coal. These mineral resource estimates were prepared in accordance with National Instrument 43-101 by Moose Mountain Technical Services, an independent consultancy based in Canada. A copy of the technical report is available at SEDAR and on this website here. Both the Panorama and Trefi coal projects remain on the balance sheet at cost. | |
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