Level 2
1 Walker Avenue West Perth WA 6005 Australia
Tel: +61 8 9485 0888
Fax: +61 8 9485 0077
South African officeLevel 1, The Place 1 Sandton Dr
Sandton 2146 South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253
ContactMr Lee Boyd
Director & Company Secretary
E-mailinfo@waterbergcoal.net
DirectorsDr Mathews Phosa Chairman
Lee Boyd
Director & Company Secretary
Gavin Rodie
Non-Executive Director
ASX / JSE SymbolWCC
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On 12 January 2016 the Company lodged an ASX Appendix 3B advising that, pursuant to the Company's Employee Share Option Plan, it had issued to eligible participants 7,825,000 options exercisable at 10c and 7,825,000 options exercisable at 15c, both having an expiry date of 31 December 2020.
On 21 January 2016 the Company lodged an ASX Appendix 3B advising that, pursuant to shareholder approval given at the 2015 AGM, it had issued
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1 2 Coal Resource on all six Waterberg Coal Project Properties under both Prospecting Permit and Mining RightResource Classification | Coal Resource* (Mt) | Ash % (ad) | IM % (ad) | Vol % (ad) | CV (Mj/kg) (ad) | TS % (ad) |
Measured | 1314.51 | 57.6 | 2.2 | 17.9 | 10.7 | 1.00 |
Indicated | 1247.2 | 57.4 | 2.3 | 17.8 | 10.7 | 1.13 |
Inferred | 838 | 58.5 | 2.2 | 17.6 | 10.4 | 1.19 |
Total Resources | 3400 | 57.7 | 2.2 | 17.8 | 10.6 | 1.09 |
*Coal resource is based on a minimum thickness cut-off of 0.5m
1 Please note that this information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2013 on the basis that the information has not materially changed since it was last reported.
2 Competent Person Statement - Gemecs (Pty) Limited was commissioned by the Company to undertake an Updated Independent Persons Geological Report for the Waterberg Coal Project. The Coal Resources were estimated in accordance with the South African code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC Code), Australasian Code for Reporting of Exploration Results. Mineral Resources and Ore Reserves (the JORC Code) and South African National Standard (SANS 10320:2004) guidelines. The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Coenraad D van Niekerk, Pr.Sci.Nat (Reg. No 400066/98), M.Sc Hons (Geology), MDP, an employee of Gemecs (Pty) Limited, who is a Fellow of the Geological Society of South Africa. Mr Coenraad D van Niekerk is a mining geologist with 38 years' experience in the mining industry, sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee (JORC) "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Coenraad D van Niekerk consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Any discrepancy is due to rounding.
The Waterberg Coal Company Limited issued this content on 02 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2016 05:38:07 UTC. Original document available at http://waterbergcoal.com.au/wp-content/uploads/160502-WCC-Quarterly-Activities-Report.pdf |