Pacific American Holdings Limited (PAK) through its wholly owned subsidiary Pacific American Coal, has a 303 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 has advanced the Elko Coking Coal Project through to the initial Concept Design stage. The 2018 exploration program included 9 holes for a total of 3,451m of drilling has recently been completed.
In addition to our metallurgical coal business, the company has identified a significant opportunity in alternate energy projects in the Pacific Region and entered into a joint venture agreement with a leading Austrian hydropower turbine manufacturer Global Hydro Energy GmbH (“Global Hydro”).
Through a wholly owned subsidiary, the company is creating a 50/50 joint venture with Global Hydro called GP Hydro to focus on micro hydro and hybrid projects in the Pacific Region including Australia.
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