Natasa Mining Limited Update re Coal Leases (6132O)
12 October 2012 - 11:00PM
UK Regulatory
TIDMNSN
RNS Number : 6132O
Natasa Mining Limited
12 October 2012
12 October 2012
Natasa Mining Ltd
("Natasa" or the "Company")
Update re Coal Bearing Leases
Natasa is pleased to announce that on 3 October 2012 the
Government of Alberta, Canada granted to it additional coal bearing
leases over 19,008 Ha at Fox Creek, Alberta ("New Leases")
The New Leases are in addition to the Company's existing leases
which cover 22,633 Ha at Fox Creek.
The Area covered by the New Leases was originally extensively
drilled by Shell Canada Limited which, in 1991, identified 543
million tonnes of in place coal resources. These resources are not
currently compliant with the Canadian NI 43-101 guidelines
("Guidelines").
As previously announced, Natasa's Fox Creek Coal Project, prior
to the grant of the New Leases, contained a measured, indicated and
inferred resource totalling 870 million tonnes (of which 777
million tonnes are measured and indicated) which is compliant with
the Guidelines.
Following the grant of the New Leases, the coal resources in the
Company's Fox Creek Coal Project now total approximately 1.4
billion tonnes.
The Company will continue its current exploration and
development programme, and will extend this to include the area
covered by the New Leases.
-ENDS-
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
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