Anglo Pacific Group PLC Trefi - Initial coal resource estimate
(Thomson Reuters ONE) - Anglo Pacific Group PLC Initial Coal Resource of 90.95 million tonnes at the Trefi Coal Project in British Columbia, CanadaIn addition to its various other private coal interests in Canada,Anglo Pacific Group PLC ("Anglo Pacific Group" or "the Company") ispleased to announce an initial coal resource estimate of 90.95million tonnes at the Trefi Coal Project in northeast BritishColumbia.The resource estimate is based upon the drilling and exploration workundertaken by Gulf Canada between 1980 and 1982 and then by AngloPacific Group itself in 2008 and 2009. The report was prepared byMoose Mountain Technical Services, an independent consultancy basedin Canada. The coal resource estimate is reported in accordance withAustralian JORC Code and Canadian National Instrument 43-101.The highlights of the report are as follows:- * Initial underground C-Seam coal resource of 90.95 million tonnes * Measured and Indicated Resource of 39.35 million tonnes * High quality low sulphur coal suitable for thermal and PCI export markets * Resource located close to infrastructure and railwayFor more details the full report can be found at the end of thispress release.As noted in the recent 2009 interim results, the Company intends thisautumn to carry out a scoping study on the Trefi resource in order toprogress the project towards the Company's objective of earning aroyalty entitlement and retaining a carried interest. Furthermore,the Company hopes to produce an initial 43-101 resource statement onits Groundhog coal project in northern British Columbia by the end of2009. Both the Groundhog and Trefi coalfields remain on the balancesheet at cost.The development of coal interests in British Columbia is an importantcomponent of Anglo Pacific Group's strategy to broaden and diversifyits portfolio of royalties. Furthermore, the Company is in theprocess of applying for a listing of its shares on the Toronto StockExchange.Anglo Pacific Group generates returns for shareholders by receivingroyalties from operating mines which currently include coking coalmines in Australia owned by BHP Billiton and Rio Tinto.The Company's strategy remains to pay a substantial proportion of itsroyalties to shareholders as dividends, while reinvesting the balancein strategic listed and unlisted metal exploration and productionopportunities such as at Trefi and Groundhog, with a view toobtaining more royalties for shareholders. The Company will continueto adopt an active, merchant banking approach to mining projects inorder to achieve better returns at reduced risk.The information in this announcement which relates to ExplorationResults, Coal Resources or Coal Reserves is based on informationcompiled by Mr Robert J. Morris P.Geol. and Mr Robert F EnglerP.Geol., who are both Members of the Association of ProfessionalEngineers Geologists and Geophysicists of Alberta. Mr Morris and MrEngler work for Moose Mountain Technical Services a Canadian basedindependent consultancy. Mr Morris and Mr Engler have sufficientexperience relevant to the style of mineralisation and type ofdeposit under consideration and to the activities they areundertaking to qualify as a Competent Persons as defined in the 2004Edition of the 'Australasian Code for Reporting of ExplorationResults, Mineral Resources and Ore Reserves (The JORC Code). MrMorris and Mr Engler consent to the inclusion in this announcement ofthe matters based on their information in the form and context inwhich it appears.For further information:Anglo Pacific Group PLC+44 (0) 20 7318 6360Peter Boycott, ChairmanMatthew Tack, Finance DirectorLiberumCapital+44 (0) 20 3100 2000Chris BowmanSimon StilwellScottHarris+44 (0) 20 7653 0030Stephen ScottJames O'ShaughnessyWebsite:www.anglopacificgroup.comThe following is the text of the full report: INITIAL COAL RESOURCE OF 90.95 MILLION TONNES AT ANGLO PACIFIC GROUP'S TREFI COAL PROJECT IN BRITISH COLUMBIA, CANADA +------------------------------------------------------------+ | Table 1 | | Trefi Coal C-Seam Resource | |------------------------------------------------------------| | Resource Category | Metric | Vertical Thickness (m) | | | Tonnes | | |----------------------+------------+------------------------| | Measured | 14,250,000 | 2.38 | |----------------------+------------+------------------------| | Indicated | 25,100,000 | 2.12 | |----------------------+------------+------------------------| | Measured & Indicated | 39,350,000 | 2.21 | |----------------------+------------+------------------------| | | | | |----------------------+------------+------------------------| | Inferred | 51,600,000 | 1.96 | |----------------------+------------+------------------------| | Total Coal Resource | 90,950,000 | 2.07 | +------------------------------------------------------------+Two full C-Seam coal core samples from the 2009 drilling programmewere analysed; the results from the 1.6 SG float are presented inTable 2 and confirm earlier work carried out by Gulf Canada. The coalis a high quality low sulphur, medium volatile bituminous coalsuitable for the thermal and PCI markets. Based on initial laboratoryresults the yield is expected to be in the order of 70%. +----------------------------------------------+ | Table 2 | | Trefi Coal Washed C-Seam | | Averages from 2009 Drilling Programme | | Proximate Analysis Dry Basis | |----------------------------------------------| | Ash | 7.30% | |-----------------+----------------------------| | Volatile Matter | 22.51% | |-----------------+----------------------------| | Fixed Carbon | 70.19% | |-----------------+----------------------------| | Sulphur | 0.25% | |-----------------+----------------------------| | Calorific Value | 7864 kcal/kg / 32925 kJ/kg | +----------------------------------------------+LocationThe Trefi Coal property comprises 15 coal licences covering 7,337halocated within the Pine Pass area of the Peace River District,northeast British Columbia, Canada. Additional licences covering theextension northwards have been applied for but are not included inthe resource estimate.The property is approximately 30km southwest of the town of Chetwynd.The area is served by an all weather paved highway and the propertyis currently accessed by logging and gas exploration roads. TheCanadian National Railway (CN) line is 8km north of the Trefiproperty and provides direct access to the port of Vancouver and theRidley Island Coal Terminal at Prince Rupert (Fig 1) For the picture see the attached pdf Figure 1 LocationGeologyThe Boulder Creek Formation of the Fort St. John Group hosts thecoal-bearing strata on the property in a stratigraphic section up to30m thick (Figure 2). There are five coal seams within this sectionwith geology that is classified as moderate with respect tostratigraphy and structure (as defined in Canadian Geological SurveyPaper 88-21). For the picture see the attached pdf Figure 2 Stratigraphic ColumnThe coal lies within a shallow syncline and outcrops on either sideof a north-south trending range of hills. For the picture see the attached pdf Figure 3 Cross Section across the centre of the property, blue line is the C-Seam, green line is the surface.ExplorationGulf Canada drilled 23 holes on or near the property and 9 full seamcoal core samples from the C-Seam within the property boundaries werecollected and analyzed between 1980 and 1982. In 2009 five holeswere completed by Anglo Pacific totaling 1,006.4m and two full seamcoal core samples were collected (Figure 4) and analyzed. MMTS werecontracted to manage the 2009 Anglo Pacific drill programme andestimate the initial resource. MMTS are respected coal experts inCanada with a client base including Teck Coal, Mitsui, Kennecott andWestern Canadian Coal. For the picture see the attached pdf Figure 4 Part of the coal intersection from DH09-02ResourcesThe coal resource estimate on the C-Seam is in accordance with theJORC Code and Canadian NI 43-101. +---------------------------------------------+ | Resource | Tonnes | Vertical Thickness | | Category | | m | |-----------+------------+--------------------| | Measured | 14,250,000 | 2.38 | |-----------+------------+--------------------| | Indicated | 25,100,000 | 2.12 | |-----------+------------+--------------------| | Inferred | 51,600,000 | 1.96 | +---------------------------------------------+The C-Seam was modelled by Moose Mountain Technical Services withMineSightÿ using data from the Gulf Canada drill holes, Anglo Pacificholes and two deep gas exploration holes (Table 3 and Figure 5). Aminimum width of 1.5m and maximum depth of cover of 600m were used. For the picture see the attached pdf Figure 5QualityTwo full seam coal core samples from the 2009 drilling campaign wereanalysed. The 1.4 and 1.6 SG float fraction underwent FSI andproximate analysis (dry basis) (Table 4), ash analysis (Table 5)rheology (Table 6) and petrographic analysis (Table 7). The workconfirmed much of Gulf Canada's earlier findings that the coal is alow sulphur, moderately low ash, mid volatile bituminous coal withweak coking properties. Indications are that the coal would besuitable for thermal markets and PCIThe information in this announcement which relates to ExplorationResults, Coal Resources or Coal Reserves is based on informationcompiled by Mr Robert J. Morris P.Geol. and Mr Robert F EnglerP.Geol., who are both Members of the Association of ProfessionalEngineers Geologists and Geophysicists of Alberta. Mr Morris and MrEngler work for Moose Mountain Technical Services a Canadian basedindependent consultancy. Mr Morris and Mr Engler have sufficientexperience relevant to the style of mineralisation and type ofdeposit under consideration and to the activities they areundertaking to qualify as a Competent Persons as defined in the 2004Edition of the 'Australasian Code for Reporting of ExplorationResults, Mineral Resources and Ore Reserves (The JORC Code). MrMorris and Mr Engler consent to the inclusion in this announcement ofthe matters based on their information in the form and context inwhich it appears.Tables 3 to 7 below:Table 3 List of Drill Holes and Intercepts, C-Seam, on and nearby the Trefi Property Elev. TD From To Drilled Drilled Drillhole UTM-E UTM-N (m) (m) (m) (m) Thickness By (m)93P12-a23D 569437.48 6152928.40 1264.00 4564.00 725.60 728.30 2.70 Gas Hole93P12-c29C 571750.00 6151600.00 1242.00 3594.00 0.00 Gas Hole ddh-80-01 567031.22 6160881.20 710.00 198.70 165.30 165.50 0.20 Gulf ddh-80-02 556239.39 6160701.88 955.00 222.40 0.00 Gulf ddh-80-03 569804.46 6157197.37 832.00 220.30 194.75 195.27 0.52 Gulfddh-81-100 572178.29 6150564.92 923.00 245.30 223.60 224.21 0.61 Gulfddh-81-102 568011.62 6150175.50 1380.00 160.00 121.20 123.63 2.43 Gulfddh-81-105 570960.80 6149506.59 971.00 238.30 204.48 206.85 2.37 Gulfddh-81-108 566940.61 6151908.66 1204.00 617.20 592.80 594.50 1.70 Gulf dh-09-01 571044.89 6148897.43 977.28 184.09 58.80 60.10 1.30 Anglo Pac dh-09-02 572672.67 6147614.16 1232.95 288.95 274.60 276.10 1.50 Anglo Pac dh-09-03 573409.02 6146220.95 1258.79 197.51 187.40 189.10 1.70 Anglo Pac dh-09-04 575092.94 6145150.46 1141.30 161.84 146.10 146.20 0.10 Anglo Pac dh-09-05 574908.98 6143796.14 1046.11 175.00 0.00 Anglo Pac rdh-80-01 564531.63 6157670.08 775.00 317.00 283.10 283.50 0.40 Gulf rdh-80-02 560382.09 6163726.52 698.00 382.50 0.00 Gulf rdh-80-03 548400.00 6146220.95 885.00 244.00 0.00 Gulfrdh -80-05 569225.00 6163925.00 780.00 270.50 0.00 Gulf rdh-80-06 578811.77 6144477.39 1060.00 249.90 0.00 Gulf rdh-80-07 573475.09 6146149.91 1250.00 202.70 188.53 190.50 1.97 Gulf rdh-80-08 575097.90 6145138.36 1153.00 172.50 145.59 148.30 2.71 Gulf rdh-80-12 564086.14 6153761.73 832.00 128.60 107.42 109.52 2.10 Gulfrdh-81-101 565553.59 6153983.93 887.00 367.00 363.20 363.63 0.43 Gulfrdh-81-103 574739.14 6143658.88 1054.00 329.90 303.14 304.91 1.77 Gulfrdh-81-104 572663.53 6147602.48 1233.00 281.90 263.28 265.72 2.44 Gulfrdh-81-106C 575111.59 6145128.10 1153.00 148.90 144.48 145.34 0.86 Gulfrdh-81-107 572773.64 6146442.84 1297.00 342.90 130.80 131.76 0.96 Gulfrdh-81-109C 573475.09 6146179.48 1250.00 191.70 187.94 190.24 2.30 Gulfrdh-82-100 572597.97 6146934.08 1274.00 122.40 111.70 113.20 1.50 Gulfrdh-82-101 574273.90 6145675.33 1192.00 228.00 207.25 212.10 4.85 Gulf Note: Highlighted holes have full seam core samples from current the Trefi property and area under application Table 4+----------------------------------------------------------------------------+|Core # |Washability | |Proximate Analysis dry basis |Calorific ||---------+-----------------+-----+------------------------------+-----------|| |Sample |Weight %|FSI |Ash % | VM % | FC % |S % |Value ||---------+--------+--------+-----+-------+-------+-------+------+-----------||DH09-02 |Raw | | | 16.07 | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Float | 64.87 | 2 | 5.77 | 23.25 | 70.98 | | 7962 || |1.40 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Sink | 35.13 | | 35.33 | | | | || |1.40 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Float | 75.14 | 1.5 | 7.52 | 22.55 | 69.93 | 0.25 | 7838 || |1.60 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Sink | 24.86 | | 41.14 | | | | || |1.60 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| | | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------||DH09-03 |Raw | | | 18.90 | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Float | 62.05 | 2 | 5.82 | 22.58 | 71.60 | | 7993 || |1.40 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Sink | 37.95 | | 40.13 | | | | || |1.40 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Float | 73.96 | 1.5 | 7.08 | 22.47 | 70.45 | 0.24 | 7889 || |1.60 | | | | | | | ||---------+--------+--------+-----+-------+-------+-------+------+-----------|| |Sink | 26.04 | | 50.05 | | | | || |1.60 | | | | | | | |+----------------------------------------------------------------------------+ Table 5+--------------------------------------------------------------------------------------------------+| DDH | Sample | Ash Chemistry (%) || | |--------------------------------------------------------------------------------|| | | SiO2 | Al203 | TiO2 | Fe2O3 | CaO | MgO | Na2O | K20 | P2O5 | SO3 | Und ||--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|| DH0902 | Float | 45.93 | 23.48 | 0.93 | 7.03 | 9.29 | 1.44 | 0.23 | 0.76 | 1.87 | 7.39 | 1.65 || | 1.60 | | | | | | | | | | | ||--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|| | Sink | 49.49 | 22.13 | 0.92 | 3.98 | 9.63 | 1.51 | 0.88 | 0.88 | 4.41 | 6.76 | -0.6 || | 1.60 | | | | | | | | | | | ||--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|| DH0903 | Float | 53.43 | 22.66 | 1.08 | 3.86 | 7.00 | 1.21 | 0.23 | 0.89 | 2.22 | 5.09 | 2.33 || | 1.60 | | | | | | | | | | | ||--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|| | Sink | 42.93 | 19.77 | 0.70 | 6.93 | 11.98 | 1.69 | 0.93 | 0.77 | 3.57 | 8.32 | 2.41 || | 1.60 | | | | | | | | | | | |+--------------------------------------------------------------------------------------------------+ Table 6+---------------------------------------------------------------------------------------------------------------------+| | | Gieseler Fluidity | Dilatometer || | |-------------------------------------------------+-------------------------------------------------|| DDH | Sample | Softening | Max | Max | Solid | Range | Soft | Max | Max | Contraction | Dilitation || | | Temp C | Fluidity | Fluidity |Temp C |Temp C | T1 | Contr | Dlita | % | % || | | | ddpm | Temp C | | | | T2 | T3 | | ||--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|| DH0902 | Float | 454 | 0.7 | 461 | 485 | 31 | 438 | 506 | 506 | 6.0 | 5.7 || | 1.60 | | | | | | | | | | ||--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|| | | | | | | | | | | | ||--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|| DH0903 | Float | 451 | 1.6 | 454 | 481 | 30 | 425 | 506 | 506 | 11.0 | 6.6 || | 1.60 | | | | | | | | | | |+---------------------------------------------------------------------------------------------------------------------+ Table 7+--------------------------------------------------------------------------------------------------------------------+| | | Maximum | Reactive Macerals | Inert Macerals || DDH | Sample | Reflectance |------------------------------------+-----------------------------------------------|| | | Ro Max | Vitrinite | Exinite | Reactive | Micrinite | Inert | Fusinite | Mineral || | | | | | Semifusinite | | Semifusinite | | Matter ||--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|| DH0902 | Float | 1.12 | 41.30 | 2.50 | 18.90 | 7.5 | 18.8 | 6.7 | 4.2 || | 1.60 | | | | | | | | ||--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|| | | | | | | | | | ||--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|| DH0903 | Float | 1.11 | 41.70 | 2.20 | 18.00 | 8.70 | 19.0 | 7.40 | 4.0 || | 1.60 | | | | | | | | |+--------------------------------------------------------------------------------------------------------------------+http://hugin.info/138910/R/1340634/320404.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 10.09.2009 - 10:23 Uhr
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