Fellow GNM Holders...where is everyone???
Thought there would be more shareholders who would like to share the excitement!!!
Latest Announcement to ASX by our Company.
Following further geological and geophysical exploration along with a geostatistical review
of the resource at the NRE Wongawilli Colliery, the company (Gujarat NRE Coking Coal
Limited) is now in a position to report an increase in its reportable JORC compliant resources
and reserves associated with this mine.
This primarily involves an upgrade in both Indicated and Measured Resources from 45MT to
100MT (a 120% increase) along with a total resource upgrade from 258 million tonnes to
337 million tonnes (a 30% increase) and an increase in the total JORC Compliant Reserves.
from 7.8 million tonnes to 33.38 million tonnes (a 320% increase). Also following some
extensive mine planning in the past 12 months the total potential reserves for NRE
Wongawilli has been increased to 68.5MT.
These additional reserves will ensure the longer term potential for the mine in providing
future extraction areas to give a possible mine life in excess of 20 years at a production rate
of 3 million tonnes per year.
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