TIDMNSN

RNS Number : 4336Q

Natasa Mining Limited

06 November 2012

Natasa Mining Limited

("Natasa" or the "Company")

Fox Creek Coal Project - Management Technical Presentation

Natasa announces that the Company's management at its Fox Creek Coal Project in Alberta, Canada ("Fox Creek") has prepared a technical presentation covering the Western part of the approximately 1.4 billion tonnes coal resource, of which 777 million tonnes are measured and indicated in accordance Canadian NI 43-101 guidelines. A summary of this report, which has not been prepared by, or reviewed by an independent technical expert, can be viewed on the Company's website at www.natasamining.com. The Project is owned by Natasa's wholly 100 per cent. subsidiary, Alberta Coal Corporation.

It should be noted that the mining scoping study is limited to less than one-half of the originally acquired 22,633 Ha at Fox Creek and also excludes the 19,008 Ha recently granted by the Government of Alberta, as announced on 12 October 2012.

Highlights of the study, which is based on a thermal coal price range of US$90 - US$110 per tonne, include:

   --     318 Mt of coal mined during a mine life in excess of 33 years 
   --     Annual production 5.35Mt/year of saleable product 
   --     Mine life operating cost US$64.29 product tonne (FOB) 
   --     Mine initial capital cost (after allowing for mining contractor and 
   leased draglines)                            -        US$369m 
   --     Mine life cash flow                        -        (pre-tax)    US$3.3B - US$6.5B 
                                                                         -        (post tax)  US$2.7B - US$5.0B 
   --     Internal rate of return                   -        (pre tax)    27.8% - 46.9% 
                                                                         -        (post tax) 17.8% - 29.1% 
   --     Net Present Value                         -        (pre tax)    US$801.7m - US$1.799B 
                                                                         -        (post tax)  US$536.1m - US$1.265B 
   --     Payback Initial Capital (post production) 
                                                                        -        (pre tax)    2.9 years - 1.5 years 
                                                                       -        (post tax)  4.4 years - 2.5 years

Mr James Proc, Manager of Engineering for Alberta Coal Corporation, has reviewed and approved the technical information contained in this announcement in his capacity as a qualified person under the AIM rules.

Mr Proc graduated as a Bachelor of Science in Mechanical Engineering from the University of Calgary in 1979. He is registered as a Professional Engineer with the Association of Professional Engineers of British Colombia and has worked in the mining industry for the past 36 years.

Enquiries:

Natasa Mining Ltd

Chrisilios Kyriakou, Executive Chairman

Telephone: +44 (0) 20 7290 3102

www.natasamining.com

Angela Hallett / James Spinney

Strand Hanson Limited

Telephone: +44 (0) 20 7409 3494

Philip Haydn-Slater/Paul Dudley

HD Capital Partners LLP

Telephone: 020 3551 4870

This information is provided by RNS

The company news service from the London Stock Exchange

END

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