10 Sep 2009Trefi Coal Project Initial Coal Resource Announcement
Anglo Pacific Group PLC ("Anglo Pacific Group" or "the Company") is pleased to announce an initial coal resource estimate of 90.95 million tonnes at the Trefi Coal Project in northeast British Columbia.
The resource estimate is based upon the drilling and exploration work undertaken by Gulf Canada between 1980 and 1982 and then by Anglo Pacific Group itself in 2008 and 2009. The report was prepared by Moose Mountain Technical Services, an independent consultancy based in Canada. The coal resource estimate is reported in accordance with Australian JORC Code and Canadian National Instrument 43-101.
As noted in the recent 2009 interim results, the Company intends this autumn to carry out a scoping study on the Trefi resource in order to progress the project towards the Company's objective of earning a royalty entitlement and retaining a carried interest. Furthermore, the Company hopes to produce an initial 43-101 resource statement on its Groundhog coal project in northern British Columbia by the end of 2009. Both the Groundhog and Trefi coalfields remain on the balance sheet at cost.
The development of coal interests in British Columbia is an important component of Anglo Pacific Group's strategy to broaden and diversify its portfolio of royalties. Furthermore, the Company is in the process of applying for a listing of its shares on the Toronto Stock Exchange.
For full details of the announcement please click here.