Atrum Coal Limited (ASX:ATU) is a metallurgical coal explorer and developer. Atrum plans to acquire the Elan hard coking coal project in Alberta, Canada which has an exploration target of 745Mt of coal and is adjacent to Riversdale Resources’ Grassy Mountain Project. Atrum is also exploring and developing the world’s largest high grade anthracite deposit at Groundhog, which has a JORC resource of 1.57 billion tonnes.
The Company has a substantial coal position in Canada which boasts:
• Abundance of high quality anthracite and coking coals
• Well-developed rail and port infrastructure with excess capacity
• Access to deep sea ports
• Competitive shipping distance to Asia
• Positive government stance on mining.