4th Sep 2007 07:01
Strategic Natural Resources PLC04 September 2007 Strategic Natural Resources plc ("SNR" or the "Company"; Ticker: (SNRP)) INCREASE IN COAL RESOURCE ------------------------- Strategic Natural Resources plc ("SNR") is pleased to announce that its 90%owned subsidiary Elitheni Coal (Pty) Ltd ("Elitheni") has confirmed asubstantial increase to its coal resource at Indwe in the Eastern Cape provinceof South Africa. SNR recently listed on AIM on the basis that the resource at the time of listingamounted to approximately 15M tonnes of coal resources, comprising 6.68M tonnesof measured coal resources, 2.45M tonnes of indicated coal resources and 5.92 Mtonnes of inferred coal resources. The latest drilling results under SAMREC rules, as confirmed by William van derSchyff from the Company's Consultant Geologists Golder Associates Africa (Pty)Ltd ("Golder"), have upgraded the resource for the Phase 1 and 2 areas toapproximately 40M tonnes of coal, comprising 10.1 M tonnes of measured coalresource, 1.9M tonnes of indicated coal resource and 28.1 M tonnes of inferredcoal resources in situ. The block model size was 50m x 50m x 1m grid. Jeremy Metcalfe, SNR's Chief Executive, said "This is an excellent start. Anincrease of approximately 25M tonnes in such a relatively short time can only beregarded as most encouraging." For further info contact:Jeremy P. MetcalfeChief ExecutiveStrategic Natural Resources plcTel: +44 1303 874 798 Allan PiperFirst City Financial Public RelationsTel: +44 20 7242 2666 Rod Venables / Cecil JordaanHB CorporateTel: +44 20 7510 8600 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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