TIGERS Realm Coal continues to ramp-up operations since commencing coal production in December 2016 at Project F within its Amaam Coking Coal Project in eastern Russia. Coal is being trucked to stockpiles at the company-owned Beringovsky Port.
The company says the ramp-up period has been in line with budget and coal production steadily improving and the site team continues work on improving performance.
During the first few months of the year the mining and coal transport to port operations continued with Tigers Realm saying that the site operating systems and mine planning are working well. Coal quality delivered to port is also in line with company expectations.
In December there were 3600 tonnes of coal delivered to port, in January this increased to 21,200 tonnes and in February 23,300 tonnes. An additional 12,000 tonnes of coal had been delivered to intermediate stockpiles near the pit.
After accounting for trucking days lost due to poor weather conditions, average daily coal trucking performance improved by 27% from 920 tonnes in January to 1167 tonnes in February.
Tigers Realm says that by necessity initial coal production has come from the lowest quality coal containing weathered materials near surface, and better quality coals will be mined going forward. The company plans to blend its thermal coals for 2017 shipping to target the sale of a typical calorific value coal of 6000 kcal/kg net as received (NAR).
Two tenements, Amaam and Amaam North, together comprise the Amaam Coking Coal Project, which is within 35km of the Bering Sea coast in Chukotka Autonomous Okrug, far eastern Russia.
Tigers Realm has 80% ownership of Amaam and has signed a Heads of Agreement which will see its 80% ownership of Amaam North increase to 100%. Binding documents have been prepared and will be signed pending some administrative restructuring requirements in process.
The company owns 100% of the Beringovsky Port and Coal Terminal, 35km to the northeast of the Amaam North tenement.
Amaam and Amaam North have combined JORC compliant coal resources of 632 million tonnes with the majority of these resources being of coking coal quality.