Allegiance Coal Limited announced that the New Elk coking coal project feasibility study positions the project uniquely for a US coal producer, in the lowest cost quartile of the seaborne metallurgical coal cost curve and sits amongst the lowest cost producers of hard coking coal in the US. With such convincing feasibility study results, Allegiance Coal Limited intends to expedite completion of the acquisition of the New Elk coking coal project with a view to returning it to production in mid 2020. DFS highlights include; High productivity room and pillar `walk through super-section' underground mining operation, 268Mt of coal resources at 3.0 foot seam height cut-off from just 3 of 8 coal seams. All tonnes stated in this announcement are metric tonnes, 62Mt of ROM coal reserves converting to 45Mt of saleable coal reserves at a yield of 72% and at a minimum coal seam mining height of 4.0 foot from mostly 2 of the 8 coal seams, 2.7Mt per annum average ROM production delivering 2.0Mt per annum average saleable coal, 23 year mine life from 2 of the 8 seams with a small amount of production for access purposes from a third seam, USD 74 per tonne average all-in FOB cash cost (ex-port) before royalties, interest and tax, Landowner royalties are linked to the FOB sales price, commencing at USD 1/t on FOB sales price up to USD 100/t, and for every USD 10/t of additional FOB price, the royalty steps up USD 1/t.