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Wsl - Wescoal Holdings Limited - New Order Prospecting Right Over Certain

Release Date: 07/12/2010 08:00:01      Code(s): WSL
WSL - Wescoal Holdings Limited - New order prospecting right over certain       
portions of the farm Vlaklaagte 33JS                                            
WESCOAL HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/006913/06)                                            
JSE Share code: WSL   ISIN: ZAE000069639                                        
("Wescoal" or "the Company")                                                    

New Order Prospecting Right over certain portions of the farm Vlaklaagte        
                            330JS                                               
                                                                                
1.   Introduction                                                               
Shareholders are referred to the Sens announcement dated 3 June 2008            
relating to the acquisition of additional coal reserves.                        
Wescoal Mining (Pty) Limited, a wholly owned subsidiary of Wescoal has a        
60% shareholding in Wescoal Exploration (Pty) Limited ("Wescoal                 
Exploration"),  the  remaining  40%  shareholding  is  held  by                 
Proudafrique Trading 147 (Pty) Limited ("Proudafrique").                        
Wescoal Exploration has been awarded a New Order Prospecting Right              
("NOPR") by the Department of Mineral Resources ("DMR"), number                 
MP  30/5/1/1/2/1742  PR  over  certain  portions  of  the  farm                 
Vlaklaagte   330JS  ("Vlaklaagte")  situated  in  the   Witbank                 
district.                                                                       
2.   Description                                                                
Vlaklaagte lies 13km south west of Witbank, in close proximity to Anglo         
Coal (Pty) Limited`s ("Anglo Coal") Greenside Colliery and X-                   
Strata Coal`s Tweefontein Colliery. Both Greenside and                          
Tweefontein Collieries produce coal products for the export                     
market.                                                                         
Historical data from 23 boreholes have been sourced from Anglo Coal and         
the Council for Geosciences which show the portions of                          
Vlaklaagte covered by the NOPR having an inferred resource of                   
20,1 million tons of coal consisting of 4 economically                          
recoverable seams namely No. 1 Seam, No. 2 Seam, No. 4L Seam                    
and No.5 Seam.                                                                  
3.   Planned future exploration                                                 
Further exploration drilling will commence during 2011 to confirm the           
historical data and to raise the confidence level to measured                   
status, following which an application for a New Order Mining                   
Right will be submitted to the DMR.                                             
The award of the NOPR brings the total resource under prospecting rights        
held by Wescoal to an expected 97, 2 million tons.                              
7 December 2010                                                                 
Johannesburg                                                                    
Sponsor                                                                         
Exchange Sponsors                                                               
Date: 07/12/2010 08:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
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information disseminated through SENS.                                          



                                        
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