Pan Asia Corporation Limited announced that it has appointed Palaris Mining Pty Ltd as its independent adviser to PZC flagship underground TCM Coal Project in South Kalimantan Indonesia.

Palaris is an Australian company that has extensive experience in providing specialist longwall underground mining consultancy services on major capital procurement projects to the coal industry.

Mr Alan Hopkins CEO said that the appointment of Palaris is timely given PZC has now commenced its next phase of drilling and is rapidly moving towards a Full Feasibility Study on the TCM Project

PZC earlier this month announced the positive results of its Independent Study conducted by KOPEX at the 75% owned TCM Coal Project. The Independent Study is targeting 1.5 million saleable tonnes per annum over a 15 year period.

The TCM Coal project has current resources for the TCM concession area, dated 31 January 2011 stated as 53,237,303 tonnes, comprising 22,418,736 tonnes of Indicated Coal Resources and 30,818,567 tonnes of Inferred Coal Resources. The quality of coal has an average calorific value of 6534 Kilocalories per kilogram, moisture 5.65%, ash 14.24% and TS 1.16.