Bens Creek Group PLC (AIM:BEN, OTC:BENCF) (Bens Creek Group PLC (AIM:BEN, OTC:BENCF), Bens Creek Group PLC (AIM:BEN, OTC:BENCF)) upgrades its reserves estimate for its coal properties in West Virginia and Kentucky, which he says 'gives us, easily, seventeen years of mining'.
Adam Wilson, CEO, explains the firm engaged Marshall Miller & Associates to undertake a geological study and coal reserve base evaluation and provide the tonnage estimation.
While he makes clear that this report is an initial study and has not been prepared in accordance with AIM guidance for mining companies and is not JORC compliant, incorporating these additional reserves will be an ongoing process with the numbers 'only going to grow'.