CEO Ben Stoikovich presenting Prairie Mining Limited at Share Talk investors show in London, UK. Prairie Mining is focused on the development of tier one, world-class coking coal mines in Europe.
The company is developing the Jan Karski and Debiensko Mines in Poland which currently have a combined potential NPV of US$2.5 billion based on over US600 million EBITDA per year.
Recorded on 15th February, London, UK.
The Jan Karski Mine (formerly Lublin Coal Project) is a large scale premium quality coal project with a current Coal Resource Estimate (”CRE”) of 728 million tonnes across four coal exploration concessions in south eastern Poland.
On 8 March 2016, Prairie announced the results of a Pre-Feasibility Study for the Jan Karski Mine which confirmed robust project fundamentals including the potential to supply 6.34 million tonnes of premium coal into the heartland of industrial Europe and to do so at an average cash operating cost of US$24.96 per tonne – the lowest cash cost for coal delivered into Europe.
Debiensko is a world class hard coking coal (“HCC”) project situated in the Upper Silesian Coal Basin in the south west of Poland, a strategic location in the steelmaking heartland of Europe. This high quality 100% HCC project is fully permitted with a 50-year mining concession, established on-site facilities including rail, road and power infrastructure, comprehensive historical drilling data and all environmental consents. Prairie will seek to develop a plan to re-start mining at Debiensko based on an initial Coal Exploration Target* of 210-260Mt of HCC.The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.*The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
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