https://www.engineeringnews.co.za

Allegiance fast-tracks British Columbia coal project

24th November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Junior Allegiance Coal is hoping to expedite the development of the recently acquired Telkwa coal project, in British Columbia, with a prefeasibility study (PFS) scheduled for completion by the first half of 2017.

Allegiance earlier this year acquired private Canadian firm Telkwa Coal in a deal valued at A$1.25-million. Telkwa’s sole asset is a farm-in agreement over the advanced coking coal exploration project.

In a statement to shareholders on Thursday, Allegiance said that internal scoping studies had indicated that the project would be in the lowest cost production quartile, and supported a compelling business case to develop a mine in the current price environment for coking coal.

The ASX-listed junior is now looking for an independent consultant to undertake the PFS, and to assist in environmental field studies for 2017 and 2018.

In addition, the company will also start formal discussions with the British Columbia Ministry of Mines and Energy on the mine permitting progamme in December, with the aim of gaining all relevant permits by the second half of 2018.

The coal project is currently estimated to host a 165-million-tonne resource, of which 89-million tonnes are in the measured category.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.838 1.75s - 171pq - 2rq
Subscribe Now