Coal of Africa Limited (CZA)

Coal of Africa Limited (CZA) – Resource Upgrade at Vele Coal Project

Coal of Africa Limited, the AIM listed coal development company operating in South Africa, is pleased to announce an upgraded resource of 441.47 million gross in situ tonnes at its Vele, semi soft coking coal project in the Limpopo Province of South Africa.

The resource upgrade is the result of a recently completed 65 borehole drilling program that has been incorporated into an updated three dimensional geological model. As yet not all of the CoAL borehole sample results have been received from the accredited South African Bureau of Standards laboratory, but sufficient information is available to issue this resource estimation update.

Managing Director Mr Simon Farrell said
“At this stage the resource estimation covers approximately 80% of the potential project area.
Further resource upgrades are expected as drilling continues on the edges of the known resource and further lab analyses are received.”

About CoAL:
Coal of Africa Limited (“CoAL”) is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects. The Company’s key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company’s coal assets.

For more information please go to: www.coalofafrica.com