Tigers Realm Coal (ASX:TIG) has been granted a second extraction and exploration (mining) licence at its Amaam Coking Coal Project located in far east Russia.
This new licence, known as the Nadezhny Licence is located to the south of its recently launched Project F operations.
It provides the company long term tenure and mining rights over Area 3, located in the central part of the Amaam deposit.
Area 3 was identified in the Amaam open pit pre-feasibility study as the location for the commencement of open pit mining for that part of the 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.
Expanding operations through Amaam
The combined Amaam Project is a key part of the company’s strategy to develop a large scale coking coal operation.
The pre-feasibility study on Amaam indicated the potential for a fully integrated operation with a production rate of 5 million tonnes per annum comprising:
- A large scale open pit;
- Coal Handling and Processing Plant (CHPP) and infrastructure; and
- A railroad and access road to a port and coal terminal in Arinay lagoon locataed 25 kilometres from the wash plant.
The deep water Arinay Lagoon has the potential to receive capesize vessels and conduct all year round loading and shipping operations.
First coal shipment recently sent
Tigers Realm recently 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 North section of the Amaam Coking Coal Project, located 37 kilometres by road from the port.
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.