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PRAIRIE DOWNS METALS LIMITED

ASX: PDZ

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Description

Prairie Mining Limited is an emerging Polish coal developer focused on the exploration, evaluation, appraisal and development of the Lublin Coal Project.

The Lublin Coal Project is a large scale thermal and semi-soft coking coal project with a current Coal Resource Estimate of 1.6 billion tonnes across four coal exploration concessions in south eastern Poland. The CRE is based on the review and modelling of historic data over the Company’s concessions, including the logs from 200 cored boreholes. Recent coal quality test work has demonstrated potential for semi-soft coking coal from the main 391 coal seam which hosts a current resource of 314 million tonnes.

On 28 April 2014, Prairie announced the results of a Scoping Study for the Project which confirmed robust project fundamentals including the potential to supply 6 million tonnes semi-soft coking and premium thermal coal into the heartland of industrial Europe and to do so at an average cash operating cost of US$36.80 per tonne - the lowest cash cost for coal delivered into Europe.

Mine For

coal, coking coal

Location of operation(s)

Poland

Address

Level 9, BGC Centre 28 The Esplanade
PERTH, WA, AUSTRALIA

Phone

+61 8 9322 6322

Email

Website


Last Updated

8/4/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.