A prefeasibility study (PFS) into the Telkwa metallurgical coal project, in British Columbia, has found that the staged development of the operation could result in a pre-tax net present value of $416-million and an internal rate of return of 37%.
ASX-listed Allegiance Coal said on Monday that the Stage 1 development would see the production of 250 000 t/y of saleable coal, ramping up to 1.75-million tonnes a year to Stage 2, after four years of operation.
