Atomic defines 179Mt in Tanzania

COAL and uranium explorer Atomic Resources has boosted its JORC-compliant coal resources in Tanzania to 179 million tonnes, exceeding a historic estimate of 90-110Mt.
Atomic defines 179Mt in Tanzania Atomic defines 179Mt in Tanzania Atomic defines 179Mt in Tanzania Atomic defines 179Mt in Tanzania Atomic defines 179Mt in Tanzania

A geological map of the Ngaka coalfield. Courtesy Atomic Resources. Note: Name of the coalfield was originally thought to be Mgaka.

Blair Price

Undertaken by Atomic’s subsidiary Pacific Corporation East Africa, the new resource definition encompasses five seams with measured resources of 118.38Mt, 25.49Mt of indicated and 35.14Mt inferred resources.

The resource was derived from 19 diamond-drilled holes of 2940m by the company and 27 holes and around 6958m of drilling completed by the Commonwealth Development Corporation in 1955.

Atomic’s drilling last year focused on the Mbalawala and Ngaka coal field concessions.

Before March the company expects to start a bankable feasibility study for the Tanzanian project.

Atomic Resources shares traded up 2c this morning to 10.5c.

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