Metallurgical coal explorer and developer Atrum Coal (ASX:ATU) has completed coal quality and carbonisation testwork at Elan South.
Elan South hard coal coking, expected to be comparable to, and highly competitive with, premium hard coal coking currently exported from Canada and Australia.
The Elan South development has now evidenced the clear potential to produce a premium hard coking coal product.
Atrum coal expects strong demand from steel mills around the globe and at Tier 1 market pricing.
Atrum Coal (ASX:ATU) is trading 13.56 per cent higher at 34 cents.