Business
Updated mineral resource estimate
Updated mineral resource estimate.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8277A Edenville Energy PLC 26 March 2013 \n\n26th March 2013\n \nEDENVILLE ENERGY PLC (\"Edenville\" or the \"Company\")\n \nUpgraded JORC Compliant Resource Estimate, \nRukwa Coalfields, Tanzania\n \nEdenville Energy plc (AIM:EDL), the coal exploration and development company, today announces its updated mineral resource estimate, as prepared by Sound Mining Solutions Limited (\"SMS\") of South Africa, on the Rukwa Coalfield project in South Western Tanzania.\n \nHighlights:\n· Significant upgrade from the Inferred category to Measured & Indicated \n· 173 million total tonnes in-situ at Mkomolo, Namwele and Muze combined, of which 57.5 million tonnes Measured and Indicated at 17.42 MJ/kg (float density = 2.0, yield = 34.4%) \n· 90% of this resource tonnage lies within Mkomolo and Namwele; Muze still to be fully evaluated\n· Robust geological model; resource constrained to discrete coal zones identified within the overall coal measure sequence\n· Independent, commercial evaluation of Phase I mining at Namwele to commence April 2013\n \nSally Schofield, Chairman of Edenville, commented\"The Board is extremely encouraged by this upgraded JORC standard resource estimate for our Rukwa Coalfield Project, which further strengthens our belief in the commercial potential of our assets. The work completed by our geological team and SMS has resulted in a detailed, robust geological model with the Measured and Indicated coal resource now constrained to discrete coal zones within the overall coal measure sequence. \n \n\"This is a significant upgrade to the 2012 resource statement, expanding the total Measured, Indicated and Inferred tonnage and converting the majority of tonnes to the Measured and Indicated (\"M&I\") category. \n \n\"The 2012 drilling has further confirmed the quality of the coal as suitable, with appropriate processing, for coal fired power generation. The Board is of the view that the overall project continues to have considerable upside potential. The five holes drilled at Muze during 2012 returned a M&I resource of 5.5 million tonnes and we are confident that this resource could be expanded considerably with further drilling. \n \n\"We now have a sol...