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KEH
KEH
KEH - Keaton Energy - 61.4% Increase In Mineable In Situ Coal In Measured
Category At Delmas Project
Keaton Energy Holdings Limited
(formerly Tricoal Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH & ISIN: ZAE000117420
("Keaton Energy" or "the Company")
61.4% INCREASE IN MINEABLE IN SITU COAL IN MEASURED CATEGORY AT DELMAS
PROJECT
In an update to the March 2008 SAMREC-compliant Coal Resource statement
contained within its Pre-Listing Statement issued on 15 April 2008, Keaton
Energy has announced a 61.4% increase in mineable in situ coal in the
measured category - from 60.1 million tonnes to 97 million tonnes - at its
Delmas Project in South Africa`s Mpumalanga Province. The update follows the
drilling of a further 33 boreholes on the Delmas Project for mine planning
purposes and to improve the Company`s confidence in the project`s Coal
Resource estimate.
The Delmas Project area`s total mineable in situ coal resource in the
indicated and measured categories has increased by 4% from 171.5 million to
178.4 million tonnes.
Mineable in situ coal in the indicated category at the Delmas Project now
totals 81.4 million tonnes, down from 111.1 million tonnes. The estimated
total mineable in situ Coal Resource classified as bituminous coal has
increased from 122.6 million tonnes to 132 million tonnes, while the
estimated total mineable in situ Coal Resource classified as pseudo-
anthracite (lean-, or de-volatilised coal) has decreased from 45.3 million
tonnes to 41.6 million tonnes. The No. 5 Seam Coal Resource has increased
from 3.6 million tonnes to 4.8 million tonnes and the No. 4 Seam Coal
Resource from 84.5 million tonnes to 90.6 million tonnes, while the No. 2
Seam Coal Resource has decreased from 83.4 million tonnes to 83 million
tonnes.
The March 2008 Coal Resource statement covered the Sterkfontein and Delmas
Project areas. The Sterkfontein Project Coal Resource has not been updated
subsequently. The detailed May 2008 and March 2008 Coal Resource statements
are both available on the Company`s website.
Publication of the audited condensed annual results for the 13-month period
ended 31 March 2008
Keaton Energy`s audited condensed annual results have been published on SENS
and are available on the Company`s website. The Company anticipates that its
2008 Annual Report will be dispatched to shareholders on or about 17 June
2008.
Bryanston
28 May 2008
Sponsor
Nedbank Capital
Date: 28/05/2008 15:05:01 Produced by the JSE SENS Department.
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