🕐08.06.10 - 02:14 Uhr

Hunnu Coal [ASX: HUN] - Acquisition of Coal Project in the Tavan Tolgoi Coal Field



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Hunnu Coal [ASX: HUN] - Acquisition of Coal Project in the Tavan Tolgoi Coal Field

Hunnu Coal (ASX: HUN) has acquired a 60% interest in the Buyan Coal Project, which is located within the giant Tavan Tolgoi Coking Coal Field in the Umnugobi Province of
Mongolia.

Key points:

* Strategic Acquisition within the Giant Tavan Tolgoi Coking Coal Field
* Operating mines within 10km currently exporting coking coal to China
* Granted Exploration License 76Ha in area
* Existing haulage road to Chinese border located adjacent to project
* Proposed rail line to China located adjacent to project
* Company is currently planning an aggressive exploration programme

The Tavan Tolgoi Coking Coal Field is estimated to host over six billion tonnes of coking and thermal coal in the South Gobi region of Mongolia.

Energy Resources LLC mines approximately two million tonnes of raw coking coal from its UHG Mine which is located five kilometres to the south of Hunnu�s Buyan Coal Project.

Energy Resources has stated that it plans to increase the production at the UHG Mine to five million tonnes in 2010, while building a five million tonne coal washing plant and power plant on its mine site.

Tavan Tolgoi Stock Holding Company, listed on Mongolian Stock Exchange, also mines raw coking coal and exports to China.

The Mongolian State owned Erdenes MGL LLC owns the surrounding five mining licenses with identified resources of approximately six billion tonnes of coking and thermal coal.

For details and images, please see the attached announcement.

For further information, please contact:

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

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

Luke Dean +61 414 535 433



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