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Positive Results: Lubu Coking Coal & Coke Tests
Positive Results: Lubu Coking Coal & Coke Tests.
About this update from Contango Holdings Plc
[{"type":"text","content":"\n \n \n Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources\n \n \n 6 September 2022\n \n \n Contango Holdings Plc\n \n \n (\"Contango\" or the \"Company\")\n \n \n \n \n \n \n Positive Results from Lubu Coking Coal and Coke Tests\n \n \n \n \n \n \n Contango Holdings Plc, the London listed natural resource company developing the Lubu Coking Coal Project in Zimbabwe (\"Lubu Project\") is pleased to provide an update on its continuing coking coal and coke product tests.\n \n \n \n \n \n \n Test Results for Coking Coal and Coke\n \n \n \n \n \n \n \n \n In tandem with the ongoing mine construction and development, which remains on track for completion and first coal sales next quarter, the Company's technical team has undertaken further testwork on parts of the Lubu coking coal deposit.\n \n \n \n \n \n Tests were undertaken through a newly installed 1 tonne per hour test plant located on site, supplied and supervised by OneVision, the company that is currently installing the larger 100 tonne per hour throughput wash plant. An initial 60 tonnes have now been processed from the same horizon Lubu is to be initially mined from.\n \n \n \n \n \n This processing has confirmed that, after passing through the wash plant, the coking coal product is of excellent quality. The tests yielded the following results*:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n % ASH\n \n \n \n \n \n \n % VM\n \n \n \n \n \n \n % P\n \n \n \n \n \n \n % S\n \n \n \n \n \n \n \n NUTTS\n \n \n \n \n 9.0\n \n \n \n \n 26.9\n \n \n \n \n 0.035\n \n \n \n \n 0.51\n \n \n \n \n \n \n PEAS\n \n \n \n \n 9.3\n \n \n \n \n 26.3\n \n \n \n \n 0.044\n \n \n \n \n 0.50\n \n \n \n \n \n \n DUFF\n \n \n \n \n 17.2\n \n \n \n \n 20.2\n \n \n \n \n 0.039\n \n \n \n \n 0.89\n \n \n \n \n \n \n \n *\n \n these results are provisional as they have been analysed at a laboratory in Hwange, but they are consistent with the Company's compliant results\n \n \n \n \n \n An additional test was undertaken on 15kg of washed coking coal from both the NUTTS and PEAS sections. These were processed through a mini-coking test plant as a first determinant of how the coking coal would react when processed into coke.\n \n \n \n \n \n These coke tests yielded the following results**:\n \n \n \n \n \n \n \n ...