Brakfontein project overview

Ownership

Earn in to 50%*

Coal resource (JORC compliant)

87Mt in-situ measured and indicated

Product

Export quality thermal coal

Target development

Feasibility study commences 2012
Mine development 2014

Project highlights

Mining right application submitted
Initial tonnages expected to be exploitable by open pit
5km north of railway siding
Current phase of diamond drilling finalised, 72 holes completed

The Brakfontein Coal Project is located in the Delmas district, on the western margin of the Witbank coalfield.

Brakfontein has a valid new order Prospecting Right and a Mining Right will be applied for when measured resources have been delineated. The Brakfontein Project has a 126Mt JORC compliant indicated and inferred resource. Universal Coal is targeting 44Mt of reserves containing up to 27Mt saleable export thermal and low volatile PCI coal products.

Universal Coal completed a 1,920 metre drilling programme in Q4 2009. 148 drilled holes have so far been completed, including 34 by Universal Coal.

* Earn in agreement to 50% with potential to acquire up to 74%

Sales Opportunities - Brakfontein

RBCT specification coal suitable for direct coal export
Possible blending with coal from existing RBCT allocation holders
Direct sales via an acquired RBCT allocation or via Maputo (Matola)
Suitable for domestic and export Pulverised Coal Injection 'PCI' market.

Coal mining in South Africa

Mining has long been integral to the development and advancement of South Africa’s economy and has contributed largely in making its economy the strongest on the continent. More...

Corporate governance

The Board guides and monitors the business and affairs of the company on behalf of the shareholders by whom they are elected and to whom they are accountable. More...