Atrum Coal Ltd (Atrum), through its JV partner and acquisition target Elan Coal Ltd (Elan Coal), has received a coal exploration permit (CEP) from the Alberta Energy Regulator (AER) for the Elan South Project in Alberta (Canada).
The permit, which is valid for two years, allows the company to conduct field exploration and drilling activities for the purpose of defining coal resources, reserves and mining plans for that area.
Atrum Managing Director, Max Wang remarked: “We are excited to receive our CEP for Elan South as it is a significant milestone in our overall plan for the project. We have begun detailed 2018 field programme planning including drilling, coal quality testing, geological modelling and analytical work, and expect to start the field work soon after site becomes accessible in May 2018. The recently announced successful fund raising will get Atrum fully funded for completing the Elan acquisition and the planned 2018 & 2019 exploration programmes and beyond.”
According to the company, Atrum is on target to complete the acquisition of Elan Coal by 31 March 2018.
Read the article online at: https://www.worldcoal.com/exploration-and-development/26032018/atrum-coal-secures-coal-exploration-permit-for-elan-south/