SOME INFO FROM EDL not TRUE27 Apr 2018 20:43
8th January
As stated in the announcement on 23 November 2017 the Company is supplying bulk preliminary orders for coal to clients in the East Africa region. These requests have now increased to several thousand tonnes and the Company is busy fulfilling this demand.
In parallel, the Company is in detailed discussions on contractual terms with several of these groups and others on potential orders that total over 10,000 tonnes of coal per month. One group is requesting a regular order of 5,000 tonnes per month, whilst two others are requesting 3,000 tonnes each per month.
If these discussions result in firm orders then monthly revenue to the Company is projected to be in excess of US$300,000, depending on the calorific value of the product taken, although there can be no guarantee that individual preliminary orders will result in long term contracts being put in place.
In anticipation of the Company's planned increase in production, and as heavy wet season rains are affecting both production and transport logistics
31st January
Processing plant
The Company's wash plant and associated equipment is currently running at a throughput of 30 to 40 tonnes per hour, operating six days a week for 8 to 10 hours a day. Edenville is therefore in a position to process 8,000 to 10,000 tonnes of mined material per month.
TOTAL TONNAGE PROCESSED BEYWEEN (30 * 8 * 6 * 4) 5760 Tons (40 * 10 * 6 *4) 9600 Tons
SO WHY CAN THEY ONLY BE PROCESSING UP TO 4K Tons/Month? SEE 27th April RNS IT HAS TAKEN RUFUS � MONTHS FOR TELL US?????????
During the ramp up of operations higher than expected amounts of mudstone and fines were encountered, which reduced throughput in the processing plant. As a result, unit processing costs were marginally higher than management expected, however, this was offset by lower than expected unit mining costs.
27th February
Since the Company Update announcement of 31 January 2018, Edenville has continued to supply coal on a commercial basis and has received further orders. The Company has now signed a one year contract with an East African industrial user for a minimum 2,000 tonnes per month with favourable payment terms.
In addition, the Company is pleased to have commenced production on a new order for 4,000 tonnes of coal for use by a Tanzanian customer. If the coal is deemed suitable for the customer's needs having utilised this initial order, the customer has requested another 60,000 tonnes over a period of 6 months (an average of 10,000 tonnes per month). In parallel, trials are underway with a third customer, which if successful is expected to result in future orders on an ongoing basis.
Importantly, the Company believes it has now found solutions to the recent logistical challenges with transporting mined coal, as detailed in the announcement on 31 January 2018, and now has several transport options available at competitive market prices and with no current requirement for capital expenditure by Edenville.
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