Allegiance Coal, which is looking to develop their Tenas Coking Coal Project in British Columbia, has made major gains since our March 2018 update on the Company. Show More
Metallurgical coal
Following on from a robust PFS, Allegiance Coal (ASX:AHQ) has recently commenced a Feasibility Study on its 100% owned Telkwa Coal Project in British Columbia, for which the Company is targeting first production by 2020 and which has Saleable Reserves of 42.5Mt of metallurgical coal. Show More
The Telkwa Metallurgical Coal Project, into which Allegiance is earning 90%, has the potential to produce PCI or SSCC metallurgical products at FOB costs of ~US$55/tonne, within the lowest 5% of the global seaborne trade, and thus providing a buffer against adverse price movements. The potential for a low-cost operation... Show More