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Perth, Oct 31, 2012 (ABN Newswire) - Pan Asia Corporation Limited (
ASX:PZC) announce the Quarterly Activities Report for September 2012 with the following highlights.
Flagship High CV Thermal Coal Project (TCM)
- Drilling completed in TCM north - all holes hit coal
- Project JORC update due imminently
- Key MOA's executed with leading China Mine Design and Mining Contractors.
- Peer review targets much higher recoveries and lower CAPEX in optimized study
- Dry Season Baseline Environmental Sampling Completed
CEO Alan Hopkins said "The powerful combination of more tonnes, higher recoveries and lower capex promises to deliver a substantial rerating for this project, even with current lower coal prices."
View the full quarterly report here:
http://media.abnnewswire.net/media/en/docs/ASX-PZC-611803.pdf
ASX:PZC) announce the Quarterly Activities Report for September 2012 with the following highlights.Flagship High CV Thermal Coal Project (TCM)
- Drilling completed in TCM north - all holes hit coal
- Project JORC update due imminently
- Key MOA's executed with leading China Mine Design and Mining Contractors.
- Peer review targets much higher recoveries and lower CAPEX in optimized study
- Dry Season Baseline Environmental Sampling Completed
CEO Alan Hopkins said "The powerful combination of more tonnes, higher recoveries and lower capex promises to deliver a substantial rerating for this project, even with current lower coal prices."
View the full quarterly report here:
http://media.abnnewswire.net/media/en/docs/ASX-PZC-611803.pdf
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About Pan Asia Corporation Limited
Pan Asia Corporation Limited (ASX:PZC) is moving to become a significant long term supplier of key energy resources into the expanding Asian markets. With offices in Jakarta (GKBI), Perth and Sydney, our flagship project (“TCM”) is a high CV thermal coal project in South Kalimantan.
Pan Asia seeks to build significant projects; de-risking them ready for development partnership / offtake agreements with quality, life of mine partners.
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