The 23 core samples of the fifth batch reiterate the Phase III sample analysis that found that the overall theoretical yield for the entire main seam will be 100% as the secondary product generated will be suitable as feedstock for a domestic coal fired power station.
The company will announce the inferred resources at the mine after the results of seven more samples from the Western Drilling Programme come out in the next few weeks.
Lemur Resources managing director Blair Sergeant said the latest results prove the potential of the Imaloto Coal Project to attract the power generation markets of India and China.
"Despite recent volatility in the thermal coal price globally, the underlying supply and demand fundamentals of thermal coal remain favourable and therefore, the Imaloto Coal Project remains attractive. In addition, we are hopeful the results of the resource upgrade and scoping studies, both due for release imminently, will indicate solid project economics, further enhancing Imaloto’s investment attractiveness".
The Imaloto project is 99% owned by Western Australia-based Lemur.
