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ASX / Media ReleaseASX: AYA, AYAO 25 March 2014MAIDEN COAL RESOURCE OF 48.3Mt AT SEYMOUR PROPERTY Highlights Maiden JORC compliant inferred resource of 48.3Mt of hard coking coal at Attilas Seymour
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01
Gather all relevant geological data and analysis of the coal deposits.
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Conduct exploratory drilling to determine the volume and quality of coal reserves.
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Perform appropriate resource estimation techniques to calculate the maiden coal resource.
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Prepare a detailed report including resource classification and compliance with regulatory standards.
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Submit the report to necessary authorities or stakeholders.

Who needs maiden coal resource of?

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Mining companies looking to assess the potential profitability of coal mining projects.
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Energy producers in need of coal supplies for power generation.
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The maiden coal resource is an initial assessment or estimate of the coal resources available within a specific area, typically communicated in a report that adheres to industry standards.
Companies or entities engaged in coal exploration and mining activities are required to file a maiden coal resource report, particularly when seeking to disclose their resource estimates to investors or regulatory bodies.
To fill out a maiden coal resource report, entities should follow the guidelines provided by relevant regulatory bodies, detailing resource classification, estimation methods, and geological data, ensuring accurate and transparent reporting.
The purpose of filing a maiden coal resource report is to provide a credible assessment of the coal reserves available, enhancing transparency for investors and stakeholders and complying with regulatory requirements.
The report must include information on resource estimates, classification of resources, exploration data, estimation methodology, and any relevant geological or environmental considerations.
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