Tigers Realm Coal (ASX:TIG) has loaded and sent its first delivery of 38,500 tonnes of coal from its 100% owned Beringovsky Port located on the Bering Sea coast in far eastern Russia.
The despatched coal was mined from the company’s 100% owned Project F operations within the Amaam Coking Coal Project, located 37 kilometres by road from the port.
The cargo vessel is now sailing south to its Asian destination.
Before the end of the 2017 shipping season, Tigers Realm will deliver five additional haulage trucks to site.With these new vehicles, the company is targeting an increase in production to 600,000 tonnes of coal per year.
Mining update from Project F
The road construction works are now complete and mining in the Project F pit has re-commenced along with coal haulage to the port.
As per the June quarterly update, mining and coal haulage temporarily halted as planned at the end of April.
The mobile fleet was redeployed onto road construction works to transform the winter road to an all season road, which is now complete.
Amaam Coking Coal Project
Two tenements, Amaam and Amaam North, together comprise the Amaam Coking Coal Project, located within 35 kilometres of the Bering Sea coast in Chukotka Autonomous Okrug, far eastern Russia.
Tigers Realm has 80% ownership of Amaam and most recently increased its ownership to 100% of Amaam North, which is where operations are underway at Project F.
The company also owns 100% of the Beringovsky Port and Coal Terminal.
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.
Project F within Amaam North has 110.6 million tonnes of coal resources, 16.1 million tonnes of which have already been classified as Product (Marketable) Reserves under JORC.
Project F producing since December 2016
Coal production commenced in December 2016 at Project F from where coal is trucked to the 100%-owned Beringovsky Port and Coal Terminal located circa 37 kilometres by road.
Phase One of Project F is in production and ramping up to 600,000 tonnes per annum with relatively low capital expenditure required to grow Project F to an interim 2+ million tonnes per annum capacity.
Project F has a low stripping ratio, short overland transport to port, and low third party charges due to ownership of the port.
Earlier in July, before the first shipment was loaded, 98,300 tonnes of thermal and semi-soft coking coal was stockpiled at the company-owned Beringovsky Port ready for sale.