Inferred Resource for Celsius Coal’s Uzgen Basin Project Up 40 Million Tonnes

Celsius Coal Ltd. (ASX:CLA) announced an updated JORC-compliant resource estimate for its Kyrgyzstan-based Uzgen Basin coking coal project, commenting that its inferred resource has risen to 295 million tonnes of coal. That’s an increase of 40 million tonnes.

Other highlights include:

• Major inferred resource increase of 35Mt to new total of 60 Mt at Kokkia being a 140% increase over prior resource level. 
• 5Mt increase in Inferred Resource to 235Mt for Kargasha.
• Consistent quality data with continuing very low moisture, low ash, low phosphorous and moderate sulphur.
• Open Pit Resources now being estimated and auger mining study progressing.

Alistair Muir, technical director at Celsius, commented:

Much of the aim of this year’s drilling program was the first exploratory work in the Kokkia area of the Uzgen Basin Coking Coal Project. We’re very happy with the 140% increase in inferred resource in this area of the deposit, and this builds upon the favorable coal quality data we have received for the drilling works to date, both at Kokkia and Kargasha.

Click here to read the full Celsius Coal Ltd. (ASX:CLA) press release.