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Tigers Realm Coal starts drilling for coking coal in Russia

Tigers Realm Coal starts drilling for coking coal in Russia

Tigers Realm Coal (ASX:TIG) has started the winter drilling program at its Amaam North coking coal project in Russia to test outcropping coal formations to the west of Project F for additional tonnages of coal.

Drilling will also be conducted at Project F for hydrogeological test work.

Work is also ongoing on the calculation of an updated Resource estimate for Amaam North based on drill results over the past 12 months. This is expected in coming weeks.

The company’s Beringovsky Port and Coal Terminal has also shipped a total of 60,809 tonnes of coal to date since it was acquired by the company for the state owned Nagornaya mine, as well as other general cargo.

Work on upgrading of the port to handle the 1Mtpa capacity planned for Project F has commenced.

Initial activity is focused on minor dredging, general equipment upgrades, and the signing of contracts to refurbish company owned barges.

Project F is a small portion of the deposit focussed on the Lower Chukchi coals and has a total Resource of 26.8 million tonnes.

It is located just 35 kilometres from Beringovsky port.

An updated Resource estimate is being prepared for reporting in early fourth quarter of 2014 along with a Bankable Feasibility Study.

The target date for first production from Project F is H2 2015 with first coal to be shipped in 2016.

Adding to this, one of TIG’s directors is Owen Hegarty, the man behind the rise and rise of Oxiana.



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