Universal Coal has reported an updated ore reserve of 35.94 million t for Kangala, a thermal coal mine (consisting of two properties: Wolvenfontein and Middlebult) in South Africa. This is an increase of 23.65 million t over the estimate reported previously.
The ore reserve estimate was prepared by Mindset Mining Consultants Ltd, a full-service mining consulting firm, and is based on the mineral resource estimate issued to the ASX on 29 September 2017.
Measured Mineral Resources were converted to proved ore reserves subject to mine designs, modifying factors and economic evaluation.
The increased ore reserves follws completion of a pre-feasibility on the Middlebult property that is currently subject to a section 102 application that would allow incorporation into the Kangala mining right.
Tony Weber, Universal Coal’s CEO, said” “The conversion of the Middlebult mineral resources to re reserves ensure that Kangala has sufficient reserve tonnages to meet our long-term off-take commitments and provides production optimisation and expansion optionality at the mine.”
Read the article online at: https://www.globalminingreview.com/exploration-development/12102017/kangala-mine-ore-reserves-increased/