PCY Updated Chandgana Overview https://www.google.ca/search?q=Chandgana+Power+Plant%2C+Mongolia&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-aOverview:Mongolia's economy has experienced significant growth over the past several years, with favorable projections for the future. The country's domestic energy production has been unable to keep up with demand, leaving a deficit that has been offset by imports of power from Russia. Many of Mongolia's existing power plants are dated, with low-efficiency output and lacking in clean technology. With its vast reserves of high-quality coal, Mongolia has the capacity to not only supply its own domestic consumption needs, but to provide exports to neighboring China. Already the world's largest consumer of coal, in 2010, Chinese imports exceeded 133 million tonnes. With an annual economic growth rate of approximately 10%, and forecasts predicting continuing expansion, it is expected that China's demand for coal and other energy sources will to continue to outpace domestic supply, at an ever-increasing rate.Prophecy Coal’s 100% owned Chandgana coal project is strategically located in the northeast part of the Nyalga coal basin, in southeast central Mongolia. The Chandgana project consists of two major coal deposits, Chandgana Tal, with a measured resource of 141 million tonnes, and Chandgana Khavtgai, with a measured and indicated resource of over 1,000 million tonnes (524mt measured and 545mt indicated). A mere 9 km apart, the projects are both close to important infrastructure – towns, roads, and electric transmission lines. Chandgana is linked by paved highway to both Mongolia's capital Ulaanbaatar and the Trans-Mongolian Railroad, giving direct rail access to China to the south and Russia to the north. Read more >>Highlights: The Chandgana Project consists of Chandgana Tal and Chandgana Khavtgai, two distinct properties which are part of the same thermal coal deposit and separated by just 9km. 1.2 billion tonnes of measured & indicated coal resource (665mt measured and 545mt indicated) Received 600 MW power plant license Consists of a shallow, 38 - 45 meter thick coal seam Coal quality is well-suited to fuel a mine mouth power plant Coal is low ash (12.49%), very low sulfur (0.68%) and with a Calorific value of 4,354 kcal/kg Strip ratio over entire resource is 1.9:1 Close proximity to infrastructure: Chandgana is within 160 km from rail, 45 km north of the proposed railway, 16 km from paved highway, and 150 km from 2x220 kV power line connecting to the main Mongolian gridChandgana Coal Resource: Coal (Tonnes) Chandgana Tal Chandgana Khavtgai Chandgana (Total)Measured 0.14 Billion 0.51 Billion 0.65 BillionIndicated 0.54 Billion 0.54 BillionTotal M&I 1.05 Billion 1.19 BillionChandgana consists of two properties-Chandgana Tal and Chandgana Khavtgai. Chandgana Tal consists of 141 mt of measured resource. Chandgana Khavtgai consists of 509 mt measured and 539 mt indicated resource. Chandgana Khavtgai's resource estimates are based on the September 2010 NI 43-101 Chandgana Khavtgai Technical Report by Kravits Geological Services, LLC. The report is authored by Christopher M. Kravits CPG, LPG of Kravits Geological Services, LLC., who is an independent Qualified Person under NI 43-101. And the Chandgana Tal resource estimate is also based on the September 2007 NI 43-101 Chandgana Tal Technical Report by Behre Dolbear & Company (USA), Inc..The report is authored by Mr. Gardar G. Dahl, Jr., CPG of Behre Dolbear & Company (USA), Inc., who is an independent Qualified Person under NI 43-101. Detailed Resource/Grade TableNext Steps: Receipt of the bankable feasibility study (expected Q4-2011) Commence negotiations of a Power Purchase Agreement with Mongolian Government (negotiations expected to start Q4-2011)Technical Reports: Sep 2010, 43-101 Technical Report On Chandgana Khavtgai (File size: 13.0mb) Jan 2008, 43-101 Technical Report On Chandgana Khavtgai (File size: 10.0mb) Sep 2007, 43-101 Technical Report On Chandgana Tal (File size: 11.0mb)