The company was able to upgrade the resource following a 98-hole drilling program and preliminary mine plan.
The coal reserve area, which includes 302 million tonnes of saleable coal, represents 43% of the total identified area.
The resource area, which includes 1.1 billion tonnes of indicated resources, or 569Mt with shale discounted, makes up the remaining 57%.
The mineable reserves in the Waterberg #1 tenement contain 566Mt of probable and proven run-of-mine coal.
The inferred resource of the Waterberg #2 and #3 tenements is 123Mt.
Jury told Boardroom Radio the saleable coal of 302Mt was a “considerable figure in anyone’s language”
He said the company was continuing drilling, focusing on the areas adjoining Waterberg #1.