Coal of Africa’s new resource total is 441.47Mt, up from 352Mt.
The resource upgrade was the result of a recent borehole drilling program and comprises a JORC-compliant measured resource of 133.84Mt, an indicated resource of 76.58Mt, an inferred resource of 131.48Mt and a reconnaissance resource (under South African Mineral Resource Committee compliance) of 99.57Mt.
The Vele geological model was given to Runge Mining subsidiary MRM Limited to do the mine design and life of mine scheduling.
Coal of Africa's hard coking project, Makhado (formerly Baobab), is undergoing a similar evaluation project to Vele and a resource estimation is expected in the next two months.
