Modun Resources upgrades JORC resource in Mongolia: "Proactive Investors reported that Modun Resources has upgraded the JORC resource at its Nuurst Project in central Mongolia with 326 million tonnes now in the high confidence Measured category.
This comes hot on the heels of a recent offtake deal executed with Asia-focused commodity trading house, Tennant Metals.
The total resource compiled by consultancy CSA Global now stands at 478 million tonnes of sub bituminous coal.
Further upside is the substantial increase in the calorific value to 4,768 kilocalories per kilogram on an air dried basis, up from 4,113 kilocalories per kilogram previously.
CSA’s work highlights thick coal seams close to the sub crop that indicate very low strip ratio coal below 1:1 in a significant portion of the resource area."
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