Atrum Coal Limited (ASX:ATU)

Glen Koropchuk
Non-Executive Chairman
Market Cap (AUD): 7.95M
Sector: Materials
Last Trade (AUD): 0.0115 +0 (+0%)
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1. About

Atrum Coal (ASX:ATU) is a metallurgical coal development company. The company's flagship asset is the 100%-owned Elan Hard Coking Coal Project, which is located in the Crowsnest Pass area of southern Alberta, Canada. Elan hosts large-scale, shallow, thick, Tier 1 hard coking coal (HCC) deposits of the Mist Mountain Formation.

Elan Hard Coking Coal Project

The Elan Hard Coking Coal (HCC) Project hosts a current JORC Resource estimate of 454 Mt HCC (142 Mt Indicated and 312 Mt Inferred) and growing. Comprehensive quality testing, combined with review of substantial historical testwork data for the broader Elan Project, has confirmed Tier 1 HCC quality. The Elan South area is located approximately 13 km from an existing rail line with significant excess capacity, providing direct rail access to export terminals in Vancouver and Prince Rupert. Around 30 km to the west, Teck Resources operates five mines (the Elk Valley complex) producing approximately 25 Mtpa of premium HCC for the seaborne market. A Scoping Study to evaluate development of the Elan Project, incorporating mining of both the Elan South and Isolation South areas, was completed in April 2020.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk