🕐15.12.11 - 03:54 Uhr

UNIVERSAL COAL [ASX: UNV] - COKING COAL ASSETS SET TO DEFINE UNIVERSAL COAL IN 2012





Fortbridge Media Release

Universal Coal [ASX: UNV] - Coking coal assets set to define Universal Coal in 2012

Universal Coal plc (ASX: UNV) says recent developments at its coking coal projects in the north of South Africa will see the company position itself as a coking and thermal coal producer.

Universal�s Chairman, Tony Harwood, told mining journalists at a media briefing in Johannesburg today that after the successful ASX IPO listing of the company in December 2010, based on of a number of attractive near-term thermal coal production assets, the coking coal projects also held by the company were likely to be the catalyst for substantial and increasing investor interest during 2012.

Universal�s two early-stage coking coal exploration projects in South Africa�s Limpopo province are set to be a major focus for the company in 2012, although its thermal projects are at a more advanced stage of development.

Harwood says that the coking coal project in Limpopo Province in particular, Berenice-Cygnus, with a gross in situ resource of 1.3Bt declared from the first phase of drilling, is already attracting interest. A second phase of drilling, to prove-up the resource further, is scheduled to begin in early 2012. A scoping study is already under way.

Despite the potential of the new coking coal projects, the company remains focused on developing a profitable business and strong returns for shareholders at its near-term production thermal coal projects in the heart of the Witbank Coalfield. These three projects have a total of 294Mt of resource of export and domestic coal.

Harwood says his goal in 2012 is to achieve market recognition of the potential of the thermal coal projects to provide a robust and profitable platform for growth, and to fully exploit the potential of the coking coal assets that are set to redefine Universal�s business and its increasing appeal to investors.

Please find all the details in the attached announcement.

For further information, please contact:

Fortbridge: +61 2 9003 0477
Bill Kemmery +61 4 0012 2449 (Sydney)
Matt Beale +44 79 6638 9196 (London)








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