Analyst Research Report Snapshot

Title:

LEMUR RESOURCES - SCOPING STUDIES RELEASE IMMINENT

Price:

$10.00

Provider:

Edison Investment Research

Date:

11 Apr 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

LMR.AX

Available for Immediate Download
Summary:

Lemur Resources (LMR) has a 99% interest in the Imaloto thermal coal project in Madagascar. Following the recently completed western drilling programme, confidence in the resource has been increased with the release of a revised JORC-compliant resource statement of 147.5Mt thermal coal of which 80% is measured and indicated. This is subject to a final revision after the infill drilling programme, following which mining scoping studies for medium-scale production can be completed. LMR is targetting both the export and domestic markets. This would be achieved for relatively modest capital, with some leverage off existing infrastructure. Longer term, subject to investment in rail and port infrastructure, LMR envisages potential export sales of 3-5Mtpa.

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