Atrum Coal to Submit Small Mine Permit for Groundhog Project

Anthracite coal developer Atrum Coal Ltd. announced plans to conduct additional drilling during 2017 at its flagship project, the Groundhog North project in British Columbia, Canada. It also plans to submit an application for a small mine permit. The permit would enable the company to start commercial production at a rate of 250,000 tons per year.

“We expect 2017 to be a productive year for Atrum as we conduct additional drilling at Groundhog North to underpin a reserve statement and future definitive feasibility study, as well as provide product samples of ultra-high grade anthracite for customers in Asia, Europe and South America,” said Director James Chisholm. “Our meetings in Canada with Aboriginal Partners and customers wanting samples of anthracite from Groundhog and via the Export Sales Joint Venture with ACG have been very encouraging.”

Exploring and developing the world’s largest anthracite deposit at Groundhog remains the company’s key priority, the company said. The company plans to be back on site at Groundhog North during the winter to extract additional samples for north Asian steel mills and industrial customers, and to complete drilling to underpin a reserve statement and future definitive feasibility study (DFS). It expects the DFS to be conducted toward the end of the year.