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Mine development at the Novadx Ventures Corp. (TSXV:NDX) Rex No. 1 Mine is nearing completion, and the company has commenced raw coal shipments to two customers on a trial basis.
Mine development at the Novadx Ventures Corp. (TSXV:NDX) Rex No. 1 Mine is nearing completion, and the company has commenced raw coal shipments to two customers on a trial basis. The Company has established three operating faces and is now continuously mining raw coal on a single shift per day basis, in addition to rehabilitating the original mine airways.
As quoted in the press release:
These initial shipments are being made to customers who have the facility to process the run of mine coal, for resale as a finished product into the Company’s target markets. Novadx is in the late stages of working with the Office of Surface Mining in Tennessee relating to the issuance of a permit amendment which will allow for the installation of a coal preparation facility right at the mine site.
Novadx CEO Neil MacDonald said: Novadx CEO Neil MacDonald said:
“We are pleased to have begun making commercial shipments of Rex coal to customers. This demonstrates the demand for our high quality coal in our target markets and enables us to work towards long term contracts as we near commercial production at the Rex No. 1 Mine.”
Click here to read the Novadx Ventures Corp. (TSXV:NDX) press release
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