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TERRACOM LIMITED — Capital/Financing Update 2014
Nov 19, 2014
65910_rns_2014-11-19_e4ae070b-5ca4-4339-90b2-af03f583de1d.pdf
Capital/Financing Update
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Level 7, 490 Upper Edward Street Spring Hill QLD 4000 Telephone: 07 3005 1533 www.guildfordcoal.com.au
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20 November 2014
ASX Announcement Baruun Noyon Uul Production Update
Guildford Coal Limited ( Guildford or the Company ) (ASX: GUF) is pleased to announce operations at the Baruun Noyon Uul mine ( BNU Mine ) will recommence following the successful completion of the trial batches of coal.
The Company is on track for meeting the targeted coal volumes specified in previous announcements. These volumes have been forecast further and total volumes are summarised in the table below:
| Dec 14 | Jan 15 | Feb 15 | Mar 15 | Apr 15 | May15 | Jun 15 | Jul-Dec 15 | Total | |
|---|---|---|---|---|---|---|---|---|---|
| HCC Tonnes(kt) | 10 | 50 | 65 | 65 | 84 | 93 | 99 | 558 | 1,024 |
| PCI Tonnes(kt) | 20 | 20 | 20 | 10 | 6 | 7 | 6 | 77 | 166 |
| Total Prodn.(kt) | 30 | 70 | 85 | 75 | 90 | 100 | 105 | 635 | 1,190 |
Results from the testing of the second trial batch of coal (14,300t) are now expected to be received by the end of November and the Company will update the market once received.
For further information please contact Peter Kane, Group Managing Director on +61 7 3005 1533.
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Peter Kane
Group Managing Director
Guildford Coal Limited ABN 35 143 533 537 Level 7, 490 Upper Edward Street, Spring Hill, QLD, 4000 Tel: +61 (7) 3005 1533 Fax: +61 (7) 3834 3385 [email protected]
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