Highlights

The Vulcan Mine Complex contains multiple target coal seams with premium hard coking coal properties;

  • Over 55km strike of confirmed hard coking coal adjacent to world benchmark premium hard coking coal mines;
  • CSN of 7.5 – 9, 21 – 26 Volatile Matter, 1.30 – 1.45 RoMax and high fluidity across 3 main target seams;
  • Lower Dysart seams up to  3.6 m thick;
  • Additional Matilda and Alex seams up to 1.6 m thick;
  • Multiple target areas with depth of weathering <10m depth;
  • Close to rail, water and power infrastructure as well as services in Dysart and Moranbah;
  • Open Cut, with depth ranging from surface to 100 m
  • High potential to discover more resource across a large project area;

Background

Vitrinite acquired the Vulcan Mine Complex asset on the 17th September 2018.

Two (2) phases of drilling have now been carried out including the most recent ‘Geostatistical Grid’drilling for JORC Measured in the Vulcan Pit area.

Geology

Located on the Collinsville shelf on the central western margin of the Bowen Basin. The major coal bearing German Creek/Moranbah Coal Measures are present on tenement along the eastern edge.

Significant mesa hills formed by highly resistant sandstones have also provided target coal seams throughout the centre of the tenement.

The Back Creek Group also overlies potential Blair Athol Coal Measure type deposits, throughout the western extents of the tenement.

The area is characterised by reasonably benign regional structures with minor local deformation.

Coal Quality

Coal analysis has reported results consistent with a Premium Low Vol product specification.

Our 3 target seams have a slightly varying rank (RoMax):

  • Alex (ALEX) = 1.30
  • Dysart Lower Lower (DLL) = 1.42 – 1.45
  • Matilda (MAT) = 1.35-1.38

Chris McMahon (25+ years experience CQ independent expert) first impressions were so positive he provided comments around these early results which I quote below:

“The initial five borecores from Vitrinite’s “Vulcan” deposit in the world renown coking coal German Creek Seam Sequences, for raw and “quick coke” test data, indicate coal quality characteristics consistent with premium hard coking coal.

That is, comparable preliminary outcomes for chief coking coal properties of Volatile Matter (premium low vol), Crucible Swelling Number (CSN) and Gieseler Fluidity for likely product ash outcomes.

Coking coal character as described above within the German Creek Seam sequence is usually only observed in operating mines and major mining corporations associated resources and deposits and is exceedingly rarely if ever noted in undeveloped deposits.” – Chris McMahon, Coal Quality Consultant MCQR.