A JORC-compliant estimate for Kangaroo Resources’ Tanur Jaya Coal Project shows 297 million tonnes of open cut resources, including 80 million tonnes of reserves.
The resources include 59 million measured tonnes, 107 million indicated tonnes and 131 million inferred tonnes while the reserves include 15 million proven tonnes and 65 million probable tonnes.
A conceptual life-of-mine study has been completed for Tanur Jaya based on development as a multi-seam, low-dip open cut coal mine.
A long-term marketing study, coal price forecast, geotechnical studies and topographic surveys have been completed at Tanur Jaya to support the planned commencement of operations in the 2011 financial year.
Tanur Jaya is one of nine concessions on the vast Pakar Thermal Coal Project. The company is targeting significant tonnages of thermal coal from this project in the medium term.
Kangaroo is completing an investment participation that will allow it to ultimately acquire a 49% interest in Tanur Jaya. It is also considering a strategy for the GPK project following high levels of interest from third parties.
Meanwhile at the Mamahak project the operational ramp-up continues targeting a steady-state monthly production of up to 50,000 tonnes of semi-soft coking coal.
Barging operations have recommenced for the shipment of 50,000 tonnes of Mamahak coal down the Mahakam River for the company’s first export sale, which is expected to realize about US$5 million in revenue.
Unnaturally low water levels in the upper reaches of the river restricted the barging of coal to ships.