re: Ann: Additional Thermal Coal Project to b...
Sydney - Wednesday - March 10: (RWE Aust Business News) - Hunnu Coal (ASX:HUN) has been granted an option to acquire an 80 per cent interest in the Erdenes thermal coal project (EL14733), Dornogobi, Mongolia. Exploration work carried out included 60 cubic metres of pit sampling and a single drill hole to 12.5 metres depth. A drill hole intersected an eight metre thick coal seam from 1.5 metres depth. The Erdenes project is strategically located in a producing high quality thermal coal basin, where mines can be quickly brought into production to deliver thermal coal to both domestic and Chinese export markets. The company is currently planning an active exploration program on this project and its other coal projects.
Reuters.
HUN Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
