Marston Projects in the News

Coalspur Substantially Increases its Coal Resources following Recent Vista Extension Acquisition

"Coalspur Mines Limited (“Coalspur” or “Company”) (ASX: CPL, TSX: CPT) is pleased to announce an initial Coal Resource estimate on the recently acquired11 Vista Extension, comprising 173.7 million tonnes (“Mt”) in the Measured and Indicated Mineral Resource categories and 969.3Mt in the Inferred Mineral Resource category. This significantly increases the Company’s total Measured and Indicated Coal Resource by 15% to 1,322.9Mt and the Inferred Coal Resource by 181% to 1,505.2Mt across the Vista Coal Project (“Vista”), Vista South Coal Project (“Vista South”) and Vista Extension.

Vista Extension Coal Resource Estimate
The Coal Resource estimate was undertaken by Golder Associates Ltd. (“Golder”), formerly Marston Canada Ltd., in accordance with the JORC Code (2004) and National Instrument 43-101. Golder has had a long association with coal properties in the Hinton region and is considered to be among the most respected coal experts in Western Canada."

Click here to read full release.

Source: www.coalspur.com, May 9, 2012

Adaro Energy Completes JORC Report for Mustika Indah Permai

"Jakarta, March 22nd, 2012 – PT Adaro Energy Tbk (IDX - ADRO) is pleased to announce the Australasian Joint Ore Reserves Committee (“JORC”) Compliant Coal Resources and Reserves estimates for its subsidiary PT Mustika Indah Permai (“MIP”) property located in the Kabupaten of Lahat, South Sumatra. Adaro Energy announced it had acquired a 75% equity interest in MIP on August 23rd, 2011. As of December 15th, 2011, the total JORC Compliant Coal Resources for MIP were estimated at 286.4 million tonnes (Mt) of which 272.6 Mt are the estimated JORC Compliant Coal Reserves. The current Coal Reserves are sufficient to sustain a mine operating at a production level of 10 Mt per annum for 26 years after allowing for a 3 year production ramp up and 1 year ramp down. The JORC Coal Resource and Reserve Report was prepared by Marston, a Golder Associates company and international mining consultant located in Saint Louis, Missouri, USA."

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Source: www.adaro.com, March 22, 2012

Fortune Minerals announces Marston retained to update Mount Klappan coal reserves & feasibility study

"LONDON, ON, Feb. 7, 2012 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune" or "the Company") and POSCO Canada Ltd. ("POSCAN") are pleased to announce that the Klappan Coal Joint Venture ("KCJV") has retained Marston Canada Ltd. ("Marston"), a division of Golder Associates Ltd., to update the geological model, coal reserves and feasibility study for the Lost Fox deposit area at the Mount Klappan anthracite metallurgical coal project in northwest British Columbia, Canada. KCJV is a joint venture between Fortune (80%) and POSCAN (20%), the Canadian subsidiary of Korean steel producer POSCO, the world's third largest steel producer. Fortune has also engaged Deloitte & Touche Corporate Finance Canada Ltd. to help attract additional strategic and financing partners for the project. The updated Marston study will incorporate the results of additional drilling and survey data that was conducted earlier by Fortune as well as updated coal price assumptions that are anticipated to materially impact the reserves for the proposed mine. The new reserves and updated feasibility study are expected to be completed in mid-2012."

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Source: www.fortuneminerals.com, February 7, 2010

Resource Generation kicks off coal exploration drilling in Tasmania

“Resource Generation (ASX: RES) has today commenced exploration drilling for thermal coal on its Woodbury tenement in the Midlands region of Tasmania.” Click here to read full release.

Marston is currently completing the geological support for the coal exploration project. This includes:

Drilling supervision, data collection, geological logging, seam correlation and related exploration management.
Coordination of site rehabilitation.
Coal sampling and data management.
Arrangement of coal quality testing and geophysical logging.
Evaluation of drilling results and coal quality testing data.
Preparation of report and compile related exploration data for submission.

Source: Proactiveinvestors, Tuesday, 22 June 2010

Erdene provides first quarter project updates

Donkin Coal Project. Click here to read full release.

“During the first quarter, Xstrata Coal indicated that they intend to develop the Donkin Coal Project based on sales into the coking coal market. Under the Project Plan, the Donkin Coal Project is projected to produce approximately 2.75 million tonnes per annum of washed export grade coking coal at full production, assuming the receipt of all approvals. On April 20, 2010, Erdene provided an update on the Donkin Coal Project announcing that a number of key elements of the project have been initiated, including civil construction, engineering and pre-feasibility studies, environmental assessment studies and consultation with government officials. Mining consulting firm, Marston (Missouri), has been engaged to complete a pre-feasibility study.”

Source: marketwire/www.erdene.com, Monday, 17 May 2010

Bathurst starts Buller DFS

“BATHURST Resources is moving fast on its new Buller coal project in New Zealand, kicking off a definitive feasibility study.”

“In February the junior inked an agreement with L&M Coal Holdings for a joint venture on the project, which covers 10,000 hectares in permits that 'largely surround' the 2 million tonne per annum coking coal Stockton mine. Due diligence on the arrangement is expected to be completed by April 30. Bathurst appointed St Louis-headquartered Marston International as the DFS study managers.”

Source: International Longwall News, Thursday, 15 April 2010

www.bathurstresources.com.au/Previous Bathurst News

AEI'S Jaguar Energy begins construction of 300 MW power plant in Guatemala

The Generation Facility Will Support Growing Energy Demand and is Expected to Reduce Reliance on Fuel Oil for Guatemalan and Regional Power Market. Click to read full release.

Prospective lenders engaged Marston to review and report on the Fuel Supply Plan proposal by AEI for the development of the Jaguar power generation plant in Guatemala.

Source: www.aeienergy.com, Friday, 7 May 2010

CIL shortlists 3 companies for $2-b deal

"State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, for a possible partnership to take forward the about $2 billion (over Rs 9,000 crore) overseas ventures." Click here to read full release.

“The world's largest coal producer will soon start due diligence at five mining assets of the global firms, spread across Australia, Indonesia and the United States. 'CIL has already appointed merchant bankers and technical consultants for the proposed JV projects,' another official in the know of the development said. The coal firm has given the task of evaluating Massey Energy's assets to the Royal Bank of Scotland, and ...Marston and Marston for technical assistance.”

Source: Business Standard, Friday, 25 June 2010