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ASX ANNOUNCEMENT
ASX: TPO
31 January 2022
Nuurst Coal Resource Estimate Restated in accordance with
JORC Code (2012)
Highlights
- Total coal resource of 478Mt of sub-bituminous coal (326Mt Measured, 104Mt Indicated and 48Mt Inferred)
- Company intends to continue to investigate the commercial viability of a mining operation in 2022/2023 with the recent recovery of coal prices and evaluate potential funding options and other value-added study utilising coal mined from the Project.
Tian Poh Resources Limited (Tian Poh or the Company) is pleased to announce that the Coal Resource for its Nuurst Coal Project has been reviewed, updated and re-reported in accordance with the 2012 edition of JORC Code by CSA Global, an ERM Group Company.
The updated Coal Resource was based on an earlier Coal Resource reported in accordance with the 2004 JORC Code, which was announced by Modun Resources to the ASX on the 8th of November 2012.
Tian Poh's Managing Director and CEO KP Poh said that he was "very pleased that the Company has now updated the Coal Resource Statement in accordance with the 2012 edition of the JORC Code and will be considering strategies for development of the resource. The Company is pursuing potential funding options with various parties and engineering value- added viability."
Introduction
The Nuurst Coal Project is located in the Tuv district of BayouFigureProvince,1 Mongolia,
approximately 120 km south from the capital city of Ulaanbaatar ( ). The project site can be reached by road from Ulaanbaatar using a sealed road to the town of Maan't, then by 4WD track.
Registered Office: c/- PKF, Level 4, 35-37 Havelock Street, West Perth, WA 6005, Australia
Tel: +61 8 9426 8999 Fax: +61 8 9426 8900
www.tianpoh.com
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Figure 1: Location of Tian Poh's Nuurst Coal Project
The Coal Resource estimate was previouslyTabler ported1 in accordance with the JORC Code (2004
Edition) in 2012. It is reported here ( ) in accordance with the JORC Code (2012 Edition).
Table 1: Nuurst Project Coal Resource and Coal Quality Summary
CATEGORY | MASS | TM | IM | ASH | VM | FC | TS | CV | RD | ||
(Million | |||||||||||
Tonnes) | %ar | %adb | %adb | %adb | %adb | %adb | %adb | %db | %daf | gr/cm³ | |
MEASURED | 326.2 | 30.93 | 10 | 18.9 | 40.8 | 30.4 | 1.05 | 4,774 | 5,303 | 6,711 | 1.31 |
INDICATED | 103.8 | 28.43 | 10 | 18.9 | 39.9 | 31.2 | 1.13 | 4,773 | 5,304 | 6,711 | 1.33 |
INFERRED | 48.4 | 28.36 | 10 | 18.9 | 40.0 | 31.1 | 1.21 | 4,721 | 5,245 | 6,642 | 1.32 |
GRAND TOTAL | 478.4 | 30.14 | 10.0 | 18.9 | 40.5 | 30.6 | 1.08 | 4,768 | 5,297 | 6,704 | 1.31 |
Note: |
TM - Total Moisture | CV - Calorific Value |
IM - Inherent Moisture | ar - As Received |
ASH - Ash Content | adb - Air Dry Basis |
VM - Volatile Matter | db - Dry Basis, calculation, db-(100/(100-IM))xCVadb |
FC - Fixed Carbon | daf - Dry Ash Free, calculation, daf=(100/(100-IM-ASH))xCVadb |
TS - Total Sulphur | |
RD - Relative Density |
Key information regarding the Nuurst Project coal resource estimate is provided below, with further detail available in the JORC Table 1 commentary at the end of this announcement.
Geology and Geological interpretation
Coal measures at Nuurst Project are hosted within the Lower Cretaceous age sedimentary rocks of the Zuunbayan Formation of the Choir Nyalga Basin. Coal seams have been gently folded into synclines which strike north-south. Dips of the strata are to the west or east and vary from 6° to 52°, and minor block faulting is observed.
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The coal is a subbituminous brown to hard coal, which has a significant range in each of the quality parameters. However, the average quality of individual coal seams is not significantly different to the weighted average for all seams. On average, as received total moisture (TM) is 30.1%, inherent moisture (IM) is 10% (adb), ash is 18.9% (adb), total sulphur (TS) is 1.08% (adb), and calorific value (CV) is 4,768 kcal/kg (adb). The dry ash free (daf) CV is 6,704kcal/kg.
The stratigraphic model was based on correlating coal and sediment characteristics between drill holes, and included information derived from mapping trenches and pits. Coal occurrences were mainly located in the middle and southern part of the tenement area. A total of 81 seams, sub seams and seam splits have been identified. The seams occur in 3 major groups with Seam Group A being the most economically significant. The individual coal seam thicknesses vary, with drill intersections ranging from 0.06m to 56.49m.
Geological modelling software was used to generate 3D surfaces and a quality model from the drill data and samples. Sectional interpretation of stratigraphy and geology was conducted along with semi-automated correlation of the coal seams. The 3D surfaces were used to generate the volumes for the resource estimation. The quality factors of TM (total moisture), ASH (ash content) and RD (relative density) were interpolated into the Quality Model using the ID2 (inverse distance squared) method applied to the assay data. A total area of 2,231 hectares was modelled. The coal resourceFigurearea2 is approximately 3.5 km wide by 4.4
km long and covers an area of 1,490 hectares ( ).
The base coal seam nomenclature and stratigraphy ensures a consistent match between the sectional interpretations and the correlation of geological logs and geophysical logs. A total of 81 seams, sub seams and seam splits have been identified. The seams occur in 3 major groups with Seam Group A being the most economically significant. The individual coal seam thicknesses with drill intersections ranging from 0.06m to 56.49m.
Sampling and subsampling techniques
Drillholes from the 2011 and 2012 exploration programme comprised of twenty-seven (27) diamond cored holes and two (2) rotary holes. All drillholes were geophysically logged to confirm coal depths and insitu thickness.
All core holes were logged geologically and geophysically before sampling was undertaken. Full coal core was sampled to collect coal seam plies, roof (non-coal), parting / interburden (non-coal) and floor (non-coal) samples. Coal core samples were taken ply by ply maximum every 2m or part thereof. Roof, floor and parting were taken between 0.1 - 0.2m. Samples sizes were sufficient for coal proximate analyses purpose.
Samples collected were immediately placed in double plastic bags, sealed and labelled at site. Samples were submitted to SGS laboratory and ALS Coal Division Laboratory, Ulaanbaatar, Mongolia. Sample preparation, sub-sampling and quality procedure (ISO and ASTM Standard) were applied at SGS laboratory and ALS Coal Division Laboratory.
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Figure 2: Nuurst Project coal resource area
Drilling techniques
All holes were vertical with down hole surveys to control inclination-(diamond core). Diamond core drilling with HQ (63.5 mm diameter) size core between 0 to 400 m depth of drilling and NQ (47.6 mm diameter) core size if drilling more than 400 m.
A minimum total core recovery of 96% for core coal samples.
Classification criteria
The Competent Person deems that there are reasonable prospects for eventual extraction of the coal as similar Coal Resources (similar in size and quality) have been mined using open cuts in the Nuurst region.
Resource classification is based on confidence in the mapping, geological interpretation, drill spacing, confirmation drilling and geostatistical analysis of all drill hole data.
Coal Resource categories Measured, Indicated, and Inferred were applied. A minimum of two
-
points of observation within the search radius were required to classify coal resources.
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The classification process was based upon interpolation distance and minimum samples within the search ellipse as defined by Minescape as follows:
- Inferred - if the average weighted sample distance was greater than 500 and less than 1,000m (Radius 1,000m).
- Indicated - if the average weighted sample distance was between 250m and 500m (Radius 500m).
- Measured - if the average weighted sample distance was less than 250m (Radius 250m).
The minimum criteria for resource classification were as follows:
- For Measured resource categories, each seam must have at least three (3) drill hole intersections with coal quality analyses.
- For Indicated and Inferred resource categories, each seam must have at least two (2) drill hole intersections with coal quality analyses.
- To be included, each seam must be defined by drill holes with geophysical logs.
- Each seam must have at least two (2) drill holes within the search ellipse i.e., no resources are defined around single hole intersections.
- Each seam must be ≥0.5m in true thickness.
- Only seams above a Gross Calorific Value (GCV) of 3,500 kcal/kg were included in the coal resource estimation.
Sample analysis method
All core coal samples were analysed (ISO and ASTM standards) for total moisture (TM), proximate analyses inherent moisture (IM), residual moisture (RM), volatile matter (VM), fixed carbon (FC) and ash, total sulphur (TS), calorific value (CV) and relative density (RD).
All non-coal samples (Roof, parting, and floor) were analysed for TM, IM, Ash, TS, CV, and RD.
Analyses were considered appropriate for resource estimation purposes, by the Competent Person.
Signatures displayed in the downhole geophysical logs were used to identify each coal seam. The contrast between coal physical properties (low natural radioactivity and low density) with other rock types were used to identify the coal bearing sequences.
Estimation methodology
The Coal Resource estimation was carried out after due consideration of the following:
- Geological continuity
- Data quality
- Drill hole spacing
- Modelling technique
- Estimation parameters including search strategy, number of samples, average distance to samples.
The quality factors of TM (total moisture), ASH (ash content) and RD (relative density) were interpolated into the Quality Model using the ID2 method applied to the assay data.
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Tian Poh Resources Ltd. published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 02:10:04 UTC.