🕐12.04.10 - 03:04 Uhr

Hunnu Coal [ASX: HUN] - Acquisition of 60% of Unst Khudag Coal Mine in Mongolia



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Hunnu Coal [ASX: HUN] - Acquisition of 60% of Unst Khudag Coal Mine in Mongolia

Hunnu Coal (ASX: HUN) is acquiring a 60% interest in the Unst Khudag Coal Mine and surrounding licenses, which are located in the Dundgobi Province of Mongolia.

Highlights:

* The Unst Khudag Coal Mine is strategically located 200km from an operational multi party coal loading facility on a major rail line.
* Consists of two Exploration Licenses and one Mining License covering over 59,000 hectares.
* Approved Mining Plan and Feasibility Study for the mining of 98.7Mt of coal.
* Hunnu is targeting first production from the Unst Khudag Coal Mine in the latter half of 2010.
* Off-take agreements are currently being discussed with Mongolian and Chinese coal users.
* Exploration Target of 250Mt to 500Mt.*
* Past trial production of approximately 30,000t for bulk test work with potential off-take partners and local utilities.
* Single coal seam with average thickness of 20 metres dipping at 0 to 5 degrees.
* Coal at less than 4 metres from the surface.
* Low strip ratio at less than 1:1 from startup.
* Coal analysis reveals high quality thermal coal with quality parameters on average Qdaf = 6460 kCal/kg, Ash = 13.9% and Moisture content = 23.9%.

Find more in the attached announcement.

For further information, please contact:

Matthew Wood
Executive Chairman
Tel: +61 8 9200 4267
E-mail:

George Tumur
Managing Director
Tel: +61 8 9200 4267
E-mail:

Media:
Fortbridge +61 2 9331 0655
Bill Kemmery +61 400 122 449

Luke Dean +61 414 535 433


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