Advance Metals Ltd. is pleased to provide initial assay results for its maiden drilling program at the Myrtleford Project in the Victorian Goldfields, Australia. Advance recently entered into a binding agreement with Serra Energy Metals Corp. to acquire an 80% interest via joint venture on the high grade Myrtleford and Beaufort Gold Projects. HIGHLIGHTS - AMD001 returns 8.2m at 22.4g/t gold o Advance has now received the [...]
Pacific American Coal, identified a 257 million tonne JORC resource at its flagship Elko Coking Coal Project. The Elko Coking Coal Project is located in the Crowsnest Coalfield of the East Kootenay Coal Basin in British Columbia, Canada. Coal from the Elko region has been tested and confirmed to contained coking properties that are sought after by South East Asian steel mills. Elko is located in a known coking coal [...]
Pacific American Coal is pleased to announce the Company has completed a strategic review to set a clear path forward for the Company. This review focused on - Setting the strategic direction of the company, - Prioritising the development of high value coking and metallurgical coal assets, - Maximising available cash to advance projects, and - Divesting non-coal assets. Exploration Focused Company The Company has [...]
Pacific American Coal is pleased to provide its Quarterly Activities Report for the three months ended 30th June 2017. Key activities PAK engaged in during the Quarter include: - Elko Coking Coal Project o Permitting Update o Drilling Contracts and Quotes o Field Surveys o Road Use Agreements o Coal Testing and Analysis - Oklahoma Assets - Investments o Updates - Investment in Imagine Intelligent Materials o GCI [...]
Pacific American Coal announced that Mr Mark Lochtenberg will step down as Managing Director with effect from July 31. Mr Mark Sykes will continue in his role as Chief Executive Officer. Mr Dominic Hill, President of the company's subsidiary, TOCC Canada, will continue to be responsible for the Canadian operations and the current exploration program at the Elko project in British Columbia. About Pacific American Coal [...]
Pacific American Coal provide the AGM Presentation. 2016 Summary Elko Coking Coal Project Accelerated development of Elko Coking Coal Engaged Hatch Ltd to undertake 3D mine site modelling Engaged Palaris to prepare preliminary assessment report Appointment of key project personnel Commenced planning for 2017 Exploration Program Acquired 40% of Imagine Intelligent Materials - 20% via a $1.25M cash acquisition [...]
acific American Coal is pleased to announce the Company has received the Final Study Report from Palaris Australia Pty Ltd (Palaris) on the Elko Coking Coal Project. - Palaris Australia Pty Ltd have delivered a Study Report at Elko - The Study identifies: o Favourable CAPEX when compared to international projects o Favourable OPEX when compared to Canadian Coal peers o Flexible mine layout and operating conditions o [...]
Pacific American Coal is pleased to provide its Quarterly Activities Report for the three months ended 31st March 2017. Key activities PAK engaged in during the Quarter include: - Appointment of Mark Lochtenberg as Managing Director - Completion of Successful Capital Raising - Elko Coking Coal Project o Commenced permitting process with BC Government o Engaged key personnel for Elko -- Appointed Local Project [...]
The directors present their report, together with the financial statements, on the consolidated entity consisting of Pacific American Coal and the entities it controlled at the end of, or during, the year ended 31 December 2016. PRINCIPAL ACTIVITIES Through its controlled entity TOCC, the Company holds Coal Licences for exploration in the coking coal regions of Kootenay in British Columbia and applications for [...]
Imagine Intelligent Materials, has announced that it successfully raised $2M cash before costs in a private placement by issuing 1,333,333 new shares at $1.50 cash per share. Pacific American Coal Limited (PAK) owns 1,617,099 shares in Imagine IM and PAK's significant shareholding remains unchanged, but now represents 30% of Imagine IM's $2M higher capital value. Imagine IM is focused on developing conductive coatings [...]
Pacific American Coal is pleased to provide its Quarterly Activities Report for the three months ended 31st December 2016. Key activities PAK engaged in during the Quarter include: - Successful Capital Raising of $2,300,000 - Elko Coking Coal Project o Commenced Community and B.C. Government approvals to enhance Elko's Mineral Resource status o Palaris engaged to undertake Scoping Study - Initial GCI Payment [...]
Pacific American Coal announced today the appointment of Mr Mark Lochtenberg as Managing Director to push forward development of the Company's flagship hard coking coal project, Elko, in British Columbia, Canada. He will commence on February 1, 2017. Mr Lochtenberg has substantial global and Australian coal industry experience, including as former co-head of Glencore International AG's worldwide coal division overseeing [...]
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