Natasa Mining Limited Fox Creek Coal Project - Management Presentation (4336Q)
November 06 2012 - 5:51AM
UK Regulatory
TIDMNSN
RNS Number : 4336Q
Natasa Mining Limited
06 November 2012
Natasa Mining Limited
("Natasa" or the "Company")
Fox Creek Coal Project - Management Technical Presentation
Natasa announces that the Company's management at its Fox Creek
Coal Project in Alberta, Canada ("Fox Creek") has prepared a
technical presentation covering the Western part of the
approximately 1.4 billion tonnes coal resource, of which 777
million tonnes are measured and indicated in accordance Canadian NI
43-101 guidelines. A summary of this report, which has not been
prepared by, or reviewed by an independent technical expert, can be
viewed on the Company's website at www.natasamining.com. The
Project is owned by Natasa's wholly 100 per cent. subsidiary,
Alberta Coal Corporation.
It should be noted that the mining scoping study is limited to
less than one-half of the originally acquired 22,633 Ha at Fox
Creek and also excludes the 19,008 Ha recently granted by the
Government of Alberta, as announced on 12 October 2012.
Highlights of the study, which is based on a thermal coal price
range of US$90 - US$110 per tonne, include:
-- 318 Mt of coal mined during a mine life in excess of 33 years
-- Annual production 5.35Mt/year of saleable product
-- Mine life operating cost US$64.29 product tonne (FOB)
-- Mine initial capital cost (after allowing for mining contractor and
leased draglines) - US$369m
-- Mine life cash flow - (pre-tax) US$3.3B - US$6.5B
- (post tax) US$2.7B - US$5.0B
-- Internal rate of return - (pre tax) 27.8% - 46.9%
- (post tax) 17.8% - 29.1%
-- Net Present Value - (pre tax) US$801.7m - US$1.799B
- (post tax) US$536.1m - US$1.265B
-- Payback Initial Capital (post production)
- (pre tax) 2.9 years - 1.5 years
- (post tax) 4.4 years - 2.5 years
Mr James Proc, Manager of Engineering for Alberta Coal
Corporation, has reviewed and approved the technical information
contained in this announcement in his capacity as a qualified
person under the AIM rules.
Mr Proc graduated as a Bachelor of Science in Mechanical
Engineering from the University of Calgary in 1979. He is
registered as a Professional Engineer with the Association of
Professional Engineers of British Colombia and has worked in the
mining industry for the past 36 years.
Enquiries:
Natasa Mining Ltd
Chrisilios Kyriakou, Executive Chairman
Telephone: +44 (0) 20 7290 3102
www.natasamining.com
Angela Hallett / James Spinney
Strand Hanson Limited
Telephone: +44 (0) 20 7409 3494
Philip Haydn-Slater/Paul Dudley
HD Capital Partners LLP
Telephone: 020 3551 4870
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBQLFBLFFZFBK
Natasa Min (LSE:NSN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Natasa Min (LSE:NSN)
Historical Stock Chart
From Jul 2023 to Jul 2024