Shanagan Coal Project Phase 3 Drilling Analytical Results Received Newera Resources Limited (ASX: NRU) is pleased to advise that it has received the coal quality analysis results for the recent phase 3 drilling program conducted at the Shanagan East Coal Project (“Shanagan Project”) in Mongolia. HIGHLIGHTS Shanagan Phase 3 drilling analytical results ? Newera has recently successfully drill tested the northern extremities of the known coal seams within the Shanagan Project area producing excellent coal intercept results. The drilling program was an “open hole” (PCD) program, not core, however a total of four samples were collected and sent to SGS Laboratories in Ulaanbaatar for coal quality analysis. The results of that analysis are listed in Table 1 below. ? The analysis of the Shanagan phase 3 drilling program samples indicate a bright black coal with a high calorific value, low moisture, low sulphur and high ash, which is generally in line with previous sampling from Shanagan phase 1 and phase 2 drilling programs. ? The intersection of significant coal seams in SHDH31, 32, 33 and 35 has given confidence that the Exploration Target (as defined under Section 17 of the JORC Code) of 64 to 111 million tonnes* of coal previously calculated to exist within the central and southern portions of the Shanagan licence may be extended. Shanagan bulk sample shaft sinking update ? Significant progress has been made to date on sinking an inclined, bulk sample extraction shaft proximal to Newera’s drill hole SHDH14.
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