Pacific American Coal Limited

Pacific American Coal Limited (PAK), 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 mining area, with the advantage of having established infrastructure and supportive local communities. PAK has conducted in-field exploration activity and is further advancing the project.

On 18 March 2016, PAK entered into a Heads of Agreement (“HoA”) to become the largest shareholder in Imagine Intelligent Materials Pty Ltd (“Imagine IM”), a company that develops commercial applications for graphene and associated advanced carbon based materials ("Proposed Transaction"). Check out our ASX announcements for updates on this investment.