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Allegiance PFS proves up Stage 1 Telkwa plans

A prefeasibility study (PFS) into the Stage 1 development of the Telkwa metallurgical coal project, in British Columbia, has confirmed that the project can be developed into a small stand-alone operation.

The PFS found that some 250 000 t/y of saleable coal can be produced over a 19-year mine life, delivering average annual earnings before interest, tax, depreciation and amortization of A$18-milion.