Vitrinite Pty Ltd is pleased to announce that an initial JORC2012 Inferred Resource of 123Mt has been confirmed within the company’s Karin Basin Asset, and a revised exploration target of 340 to 800Mt. The exploration drilling undertaken to achieve this result covers only a tiny fraction of the tenement area.
The exploration program has identified significant seams with thicknesses up to 5 metres (16.25 ft) with some areas showing structurally stacked accumulations of coal up to 16 metres (52 ft). The coal quality, with fluidity reaching higher than 30,000, makes it the highest fluidity coking coal in Australia, and among the highest in the world.
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Maiden JORC Code Inferred Resource on Vitrinite’s Karin Basin
