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Prairie looks for Polish mine partners

PRELIMINARY discussions between Prairie Mining and strategic partner, EPC contractors, global project finance banks and potential off-takers have now started following the results of its Polish Jan Karski coal mine pre-feasibility study.

Lou Caruana

A definitive feasibility study will begin after all project options have been suitably examined and an ultimate “go forward” case has been selected, Prairie said in its June quarterly report.

Prairie has now completed a number of significant work streams in relation to the ongoing Mining Concession application of the project including completing a draft Deposit Development Plan, which was submitted to Polish experts for initial review and optimisation, it said.

It has also begun local land rezoning amendments with municipal authorities in the project mine area and continued the land acquisition process aimed at securing access to the planned surface infrastructure sites for project development.

The company has lodged an application for a power grid connection for the Jan Karski mine with the regional power distributor and progressed with the planned railway spur line connection to the national railway network which was officially included in the Lublin Regional Development Strategy during the quarter.

Prairie has cash on hand of $A18.1 million and is in a strong financial position to progress with its planned development activities, it said.

It also has a strong Warsaw market following and Prairie continues to receive extensive and positive local media coverage, the company said.

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