Go Back Email this Link to a friend

Keh - Keaton Energy Declares 25.9 Million Tonne Coal Reserve For Delmas Project

Release Date: 13/05/2009 09:30:02      Code(s): KEH
KEH - Keaton Energy Declares 25.9 Million Tonne Coal Reserve for Delmas 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" or "the company")                                              
Keaton Energy has declared a 25.9 million tonne coal reserve for its 74%-held   
Delmas Project in South Africa`s Mpumalanga Province - 24.3 million tonnes in   
the proved category and 1.6 million tonnes in the probable category.            
The declaration is contained in an updated SAMREC-compliant Reserve and Resource
Statement released by the company following further exploration drilling on the 
project and the completion of a feasibility study.                              
The feasibility study found that, after the application of modifying factors,   
the majority of the shallow bituminous coal of the No. 5, No. 4 and No. 2 Seam  
resource could be converted to a reserve.                                       
The updated mineable in situ coal resource estimate for the project is 163.4    
million tonnes; inclusive of the 25.9 million tonne reserve.                    
Keaton Energy Managing Director Paul Miller said: "The conversion of coal       
resource to coal reserve is very significant; it shows that the project is      
robust and it takes us a major step towards bringing Delmas into production."   
Note: the detailed May 2009 Coal Resource and Reserve Statement for both the    
Delmas and Sterkfontein projects is available on Keaton Energy`s website,       
13 May 2009                                                                     
Nedbank Capital                                                                 
Date: 13/05/2009 09:30:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.