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Atrum Coal NL (ASX:ATU) Half Yearly Accounts

Sydney, Australia, Mar 16, 2016 - (ABN Newswire) - Atrum Coal NL (ASX:ATU.AX - News) (OTCMKTS:ATRCF - News) Directors present their report on the consolidated entity consisting of Atrum Coal and the entities it controlled at the end of, or during, the half-year ended 31 December 2015.

Principal Activities

Atrum Coal is an exploration and development company focussed on metallurgical coal projects. The Company's flagship project is the high grade and ultra-high grade Groundhog Anthracite Project (Groundhog) located in British Columbia, Canada. Other early stage projects include the Naskeena Coal Project, the Bowron River Coal Project and a joint venture on the Elan Coking Coal Project, all located in Canada.

Western Canada provides excellent opportunities in a low risk jurisdiction with well-established rail and port infrastructure. High grade metallurgical coal is a geologically scarce commodity and the majority of well-endowed, undeveloped regions suffer from inadequate rail and port infrastructure or heightened sovereign risk. Groundhog's access to established rail and port facilities that exhibit surplus capacity gives the Company FOB cost advantages over other regions that lack this access.

The Groundhog Project (which includes the Panorama area) comprises 46 granted coal licences and 40 coal licence applications. Groundhog is prospective for high grade and ultra-high grade anthracite suitable for use in the manufacture of blast furnace steel, as well as electric arc furnaces, as a reductant, filter media, and feedstock for chemical production. The Company has devised multiple mines for development in the Groundhog Coalfield, beginning with the Groundhog North Mining Complex, comprised of multiple mines feeding a common coal handling and preparation facility (CHPP).

Atrum Coal aims to produce high grade and ultra-high grade anthracite as well as ultra-low volatile PCI for supply to the export markets internationally with a focus on Japan, Korea, China and Europe as well as the Americas. The Company has determined, through discussions with parties active in European and Asian markets, that niche markets for a high-grade carbon product will also open up to the Company once Groundhog establishes itself as a reliable supplier of high-quality products.

The Company is progressing with the development of its Groundhog project including reviewing a number of options for low capital cost entry into production and various large-scale mines that establish economies of scale in mining and transportation.
The Company also continues to progress its bulk sample permit application for Groundhog which, once granted, will enable it to extract up to 100,000t in total of high grade and ultra-high grade anthracite for delivery to potential long term customers.

To view the full half year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-756624.pdf


About Atrum Coal NL:

Atrum Coal NL (ASX:ATU.AX - News) is an emerging metallurgical coal explorer and developer.

The Company has a substantial coal position in British Columbia which, as a region boasts:

- Abundance of high quality PCI, coking and anthracite coals
- Well developed rail and port infrastructure with excess capacity
- Access to deep sea ports
- Competitive shipping distance to Asia
- Positive government stance on mining

The Company is building a quality portfolio of metallurgical coal assets suited to the Asian export market and the Board of Directors have a strong track record in identifying and developing world class coal assets in Australia and abroad.

Contact:

Bob Bell Executive Chairman M +1 604 763 4180 rbell@atrumcoal.com Theo Renard Company Secretary M +61 430 205 889 trenard@atrumcoal.com Nathan Ryan Investor Relations M +61 420 582 887 nathan@atrumcoal.com

Source:

Atrum Coal NL

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