KEH - Keaton Energy Announces Fourth Coal Mining Project Release Date: 06/05/2009 11:59:01 Code(s): KEH
KEH - Keaton Energy Announces Fourth Coal Mining Project
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH & ISIN: ZAE000117420
KEATON ENERGY ANNOUNCES FOURTH COAL MINING PROJECT
Keaton Energy has announced its intention to proceed with its fourth coal mining
project, Leeuwfontein, 35 kilometres south of Middelburg in South Africa`s
Amalahle Exploration (Pty) Limited, a 74%-held subsidiary of Keaton Energy, was
awarded four prospecting rights over six discrete properties totalling 1 597
hectares in the Ermelo coal field in April 2008.
Keaton Energy Managing Director Paul Miller said: "Following completion of a 69-
hole drilling programme on the properties in November 2008 a SAMREC-compliant
coal resource has now been declared for the Leeuwfontein Project.
"Leeuwfontein is relatively small, covering some nine hectares, and contains a
coal resource of 922 000 mineable in situ tonnes in the measured category.
"It will become the second of Keaton Energy`s two smaller, short-life projects,
after our Klip Colliery.
Work has begun on an application for a mining right over Leeuwfontein, with a
view to receiving regulatory approvals for open pit mining in the second half of
2010", Miller said.
Note: the detailed Leeuwfontein Project May 2009 resource statement is available
on Keaton Energy`s website, www.keatonenergy.co.za
06 May 2009
Date: 06/05/2009 11:59:01 Supplied by www.sharenet.co.za
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