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Panorama and Trefi As of December 2004, the Group increased its position to 100% control of its Panorama and Trefi coal interests in British Columbia. On 10th September 2009 the Group announced an initial coal resource estimate of 90.95 million tonnes at its Trefi Coal Project in northeast British Columbia, Canada. This included a Measured and Indicated Resource of 39.35 million tonnes. The coal resource estimate was reported in accordance with Australian JORC Code and Canadian National Instrument 43-101 and was prepared by Moose Mountain Technical Services, an independent consultancy based in Canada. 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. For the full release please click here. Both the Panorama and Trefi coal projects remain on the balance sheet at cost. |
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