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Initial JORC 2012 resources announced for Riversdale anthracite coal mine

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World Coal,

Acacia Coal Ltd has reported an initial Resource Statement in accordance with JORC 2012 Code for the Riversdale anthracite coal mine.

Riversdale’s initial resource demonstrations 9 million t of high-quality, low-sulfur and low-phosphorous anthracite in indicated and inferred resource categories.

The Alfred seam previously excluded from the resource estimates is being drilled and expected to be reported upon 2Q17.

A 10 hole drilling campaign and analysis is being finalised to raise the confidence levels of resource. It is intended to contribute to a reserve and resource update targeted for 2Q17 and as part of the pre-feasibiltiy study.

The company is aiming for a pre-feasibility study and updated resource statement in 2Q17.

Acacia indicated that the Gus Seam can produce a low-impurity, mid-ash anthracite suitable for the ferrochrome industry, which is the principal target market.

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