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Celsius Coal announces 40 million t increase in JORC Resource

World Coal,

Celsius Coal Ltd said it was pleased to announce that it had updated the JORC Code compliant resource estimate for the company’s flagship Uzgen Basin metallurgical coal project in the Kyrgyz Republic.

The total inferred JORC Code Resource increased by 40 million t to 295 million t of coal.

While the inferred resource base at Kokkia increased by 35 million t to 60 million t, there was also a 5 million t increase in inferred resources for the Kargasha area of the project, which now has a total inferred resource base of 235 million t.

Alistair Muir, technical director of Celsius Coal, said that: “Much of the aim of the this year’s drilling programme was the first exploratory work in the Kokkia area of the Uzgen Basin coal project. We’re very happy with the 140% increase in inferred resource in this area of the deposit, and this builds upon the favourable coal quality data we have received for the drilling works to date, both at Kokkia and Kargasha.”

The coal resource has been based on results from Celsius’ 2012/2013 drilling programme (in which there were 18 holes drilled), as well as Soviet era drilling (54 drill holes), information from circa 164 audits and extensive field mapping within the project areas.

The Coal Resource Statement was completed by Australian technical coal specialist resource estimation firm G&S Resources using the advanced Vulcan resource modelling package.

Celsius Coal has now significantly grown its resource level based on the second year of diamond drilling, and has also completed the first year of drilling and coal quality testing for the Kokkia deposit. The work done over the last exploration season continues to show the potential of the Uzgen Basin to be a major Central Asian metallurgical coal resource.

Further studies

Celsius is continuing with laboratory test work and has commenced opencast mining studies on the Kokkia deposit and auger mining studies on various prospective areas of both deposits.

Adapted from press release by Sam Dodson

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