Fitzroy confirms high-quality coking coal reserves at US project
Australian exploration and development company Fitzroy Resources has confirmed high-grade mid-volatility coking coal reserves at its early-stage Emmaus project in the USA’s Appalachian region.
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“The quality data confirms that the coal at Emmaus is of a high-quality, hard coking coal brand,” Fitzroy said on Monday February 24.
The company planned a marketing study to determine whether any of its coal could be sold for premium uses, it said.
“Certain coals have characteristics that yield higher market prices than even those that hard coking coal can receive,” Fitzroy said.
The Australian Stock Exchange-listed company said that it was looking to rapidly develop into a producer of hard coking coal destined for sale to the US domestic and export markets.