Further, the company has also revealed an exploration target in the range of 112.50 million tons to 160.71 million tons for the two primary coking coal deposits at NowaRuda.
Balamara has completed three diamond drilling tests, intending to convert exploration target coal tonnages to JORC resources, according to proactiveinvestors.com.au.
The company is keen to initiate a series of resource update announcements over the next 3-6 months with its current exploration work is aimed at verifying the historical data by filling in the gaps in geological information available.
Balamara had acquired the NowaRuda project through the award of a concession in July 2013, which gave Balamara the right to explore the two existing deposits and take the project into production following completion of a successful feasibility study and the granting of a license to mine.
