Xceed Resources Limited

» Posted on Jan 5, 2011

Xceed Resources Limited is an Australian based public company engaged in the exploration and development of coal projects in the Republic of South Africa. Our primary focus is on the acquisition and development of coal projects located within South Africa’s premier coal fields, which are supported by established infrastructure and are readily capable of reaching their markets.

To this end, we are developing the Moabsvelden thermal coal project situated in the Witbank coal field. Moabsvelden is expected to have a mine life in excess of ten years and will produce export quality as well as domestic quality thermal coal. The project has a JORC compliant predominantly measured resource of 66 million tonnes and will be mined using open cast means. It is expected that construction will commence in late 2012 with a ramp up to 3 mtpa ROM in 2013.