Evergreen Energy Inc announced that it had successfully completed its Penrhyn coal testing utilizing Evergreen patented K-Fuel upgrading process.
The Penrhyn coal deposit is located in South Australia and a drilling to date has confirmed a JORC compliant measured and indicated resource of 352.4 million metric tons of coal with an additional exploration target of a further 300 to 330 million tonnes of coal. The Penrhyn coal deposit is owned by Southern Coal Holdings a joint venture between WPG Resources Limited and Evergreen.
On August 23 2011 Evergreen announced that it had upgraded Penrhyn coal to K-Fuel with heating values greater than 5,500 kilocalories per kilogram prior to the rehydration necessary for shipping and storage. Further testing has now provided a more comprehensive view of the product quality from the Penrhyn deposit.
Mr Ilyas Khan Evergreen Chairman said "We
He said that "These testing results are a milestone for the WPG and Evergreen
stakeholders as well as the clean coal industry. Our completed testing confirms that a latent sub-bituminous coal deposit in Penrhyn can be upgraded to thermal coal quality. Our results are in line or in excess of expectations and continue to demonstrate the potential for the K-Fuel(R) process to add value to low rank coal resources around the world. Our team will continue working to further enhance the value of the K-Fuel(R) process. In parallel, we are working towards completing pre -feasibility studies for mine and K-Fuel(R) plant developments for the Penrhyn and Lochiel North coal deposits."
Mr Wayne Rossiter CEO of SCH said "These testing results are an important milestone in underpinning our business model for the development of a low ranking coal beneficiation business in Australia using the proven K-Fuel(R) process."
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