Novadx Files Updated Technical Report

Novadx Ventures Corp. (TSXV:NDX) filed on SEDAR an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects report titled “Technical Report on the Rex Coal Mine Property, MCoal Corporation, Campbell County, Tennessee, USA”, which included total measured and indicated resources of 38.1M tons and inferred resource of 9.6M tons.

As quoted in the press release:

Highlights:

• Total Measured and Indicated Resources of 38.1M tons and Inferred Resource of 9.6M tons.
• Demonstrated Proven and Probable Recoverable Reserves of 11.3M tons supporting a 23 year expected mine life.
• Economic Assessment of Demonstrated Reserves shows after tax NPV of $71.8 million at a 15% discount rate.
• Recommendation to expand reserves by acquiring adjacent properties and further exploration.

Click here to read the Novadx Ventures Corp. (TSXV:NDX) press release