Forge Resources Strikes High-Grade Coal in Colombia: Lab Tests Show Premium Dual-Market Potential

Coal samples reveal 13,846 BTU/lb calorific value and low 0.82% sulfur content, suitable for both premium thermal and metallurgical markets. Project advances toward commercialization. Stock MIAX logoMIAX

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Forge Resources (OTCQB: FRGGF) has reported exceptional laboratory results from coal sampling at its La Estrella project in Santander, Colombia. The analysis from SGS Labs revealed premium coal qualities including a high calorific value of 13,846 BTU/lb, very low sulphur content of 0.82%, and a favorable Free Swelling Index (FSI) of 4.

The coal seam, measuring 0.5 to 1.0 meters in thickness, is currently being extracted and stockpiled on the surface as part of the company’s bulk sampling campaign. The coal’s dual-market versatility makes it suitable for both premium thermal coal markets and as a high-volatility coking coal blend component for steelmaking.

The company continues to evaluate whether this represents a new discovery or an extension of known seams, with additional geological work underway to integrate these results into the broader resource model.

Forge Resources (OTCQB: FRGGF) ha comunicato risultati di laboratorio eccezionali dai campionamenti di carbone nel suo progetto La Estrella a Santander, Colombia. Le analisi di SGS Labs hanno evidenziato qualità di carbone premium, tra cui un elevato potere calorifico di 13.846 BTU/lb, un contenuto di zolfo molto basso dello 0,82% e un favorevole Indice di Gonfiamento Libero (FSI) pari a 4.

La falda carbonifera, con uno spessore di 0,5 a 1,0 metri, è attualmente estratta e accatastata in superficie nell’ambito della campagna di campionamento bulk della società. La versatilità commerciale del carbone lo rende adatto sia ai mercati del carbone termico premium sia come componente ad alta volatilità per miscele di coke nella produzione dell’acciaio.

La società sta valutando se si tratti di una nuova scoperta o dell’estensione di giaciture già note; sono in corso ulteriori lavori geologici per integrare questi risultati nel modello di risorse complessivo.

Forge Resources (OTCQB: FRGGF) ha informado resultados de laboratorio excepcionales de muestreos de carbón en su proyecto La Estrella en Santander, Colombia. Los análisis de SGS Labs mostraron calidades de carbón premium, incluyendo un alto poder calorífico de 13.846 BTU/lb, un contenido de azufre muy bajo del 0,82% y un favorable Índice de Hinchamiento Libre (FSI) de 4.

El banco carbonífero, con un espesor de 0,5 a 1,0 metros, se está extrayendo y apilando en superficie como parte de la campaña de muestreo a granel de la compañía. La versatilidad comercial del carbón lo hace apto tanto para los mercados de carbón térmico premium como para su uso como componente de alta volatilidad en mezclas de coque para la fabricación de acero.

La compañía continúa evaluando si se trata de un nuevo hallazgo o de una extensión de capas conocidas; se están realizando trabajos geológicos adicionales para integrar estos resultados en el modelo de recursos general.

Forge Resources (OTCQB: FRGGF)는 콜롬비아 Santander에 위치한 La Estrella 프로젝트의 탄 샘플링에서 우수한 실험실 결과를 보고했습니다. SGS Labs의 분석은 13,846 BTU/lb의 높은 발열량, 황 함량 0.82%의 매우 낮은 수치, 그리고 유리 팽창 지수(Free Swelling Index, FSI) 4와 같은 우수한 석탄 품질을 보여주었습니다.

두께가 0.5~1.0미터인 탄층은 현재 채굴되어 표면에 적치되고 있으며, 이는 회사의 대량 샘플링 캠페인의 일환입니다. 이 석탄은 프리미엄 열탄 시장과 제강용 고휘발성 코크스 혼합물의 구성 요소로 모두 적합한 이중 시장 활용성을 갖고 있습니다.

회사는 이것이 새로운 발견인지 기존 탄층의 연장인지 계속 평가 중이며, 추가 지질 작업을 통해 이 결과를 전체 자원 모델에 통합하고 있습니다.

Forge Resources (OTCQB: FRGGF) a annoncé des résultats de laboratoire exceptionnels issus d’échantillonnages de charbon sur son projet La Estrella à Santander, Colombie. Les analyses de SGS Labs ont révélé des qualités de charbon premium, notamment un pouvoir calorifique élevé de 13 846 BTU/lb, une teneur en soufre très faible de 0,82% et un Indice de Gonflement Libre (FSI) favorable de 4.

La couche charbonnière, d’une épaisseur de 0,5 à 1,0 mètre, est actuellement exploitée et stockée en surface dans le cadre de la campagne d’échantillonnage en vrac de la société. La polyvalence commerciale du charbon le rend adapté tant aux marchés du charbon thermique premium qu’en tant que composant à haute volatilité pour les mélanges de coke destinés à la sidérurgie.

La société poursuit ses évaluations pour déterminer s’il s’agit d’une nouvelle découverte ou d’une extension de veines connues ; des travaux géologiques supplémentaires sont en cours afin d’intégrer ces résultats au modèle de ressources global.

Forge Resources (OTCQB: FRGGF) hat außergewöhnliche Laborergebnisse aus Kohlenproben seines La Estrella-Projekts in Santander, Kolumbien, gemeldet. Die Analysen von SGS Labs zeigten Premium-Kohleigenschaften, darunter einen hohen Heizwert von 13.846 BTU/lb, einen sehr niedrigen Schwefelgehalt von 0,82% und einen günstigen Free Swelling Index (FSI) von 4.

Das Kohleflöz mit einer Mächtigkeit von 0,5 bis 1,0 Metern wird derzeit abgebaut und im Rahmen der Bulk-Sampling-Kampagne des Unternehmens an der Oberfläche gelagert. Die doppelte Marktverwendbarkeit macht die Kohle sowohl für Premium-Thermalkohlenmärkte geeignet als auch als Bestandteil mit hoher Flüchtigkeit in Koksgemischen zur Stahlerzeugung.

Das Unternehmen prüft weiterhin, ob es sich um einen neuen Fund oder um eine Fortsetzung bekannter Flöze handelt; zusätzliche geologische Arbeiten sind im Gange, um diese Ergebnisse in das übergeordnete Ressourcenmodell zu integrieren.

Positive- Premium coal quality with high calorific value of 13,846 BTU/lb

  • Dual-market potential serving both thermal and metallurgical coal markets
  • Very low sulphur content of 0.82% and low ash content enhancing market value
  • Project is fully permitted and showing readiness for larger-scale extraction

Negative- Limited seam thickness of only 0.5 to 1.0 meters may impact extraction efficiency

  • Sample contamination shows significant quality degradation when mixed with surrounding rock

Share on XShare on RedditShare on FacebookCopy link 08/13/2025 - 08:30 AM Vancouver, British Columbia–(Newsfile Corp. - August 13, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FFSE: 5YZ) (“FRG” or the “Company) is pleased to report excellent laboratory results from the recent coal sampling at its fully permitted La Estrella coal project in Santander, Colombia. The coal samples were taken from an exposed coal seam at the face of the decline development (Figures 1 and 2) and sent to SGS Labs in Colombia. The laboratory results confirm a premium coal product with exceptional calorific value, very low sulphur, and excellent specifications for both the high-BTU thermal coal market and the high volatility coking coal market for blends in the steel industry.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_001.jpg

Figures 1 and 2. Coal samples taken from the seam at the development face

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_001full.jpg"list-style-type: disc;">

  1. Calorific Value of up to 13,846 BTU/lb
  2. Very low sulphur content as low as 0.82 (% in weight)
  3. Low ash and low moisture - maximizing combustion efficiency and reducing waste
  4. Favorable Free Swelling Index (FSI) of 4 - making it suitable for use in metallurgical coal blends while retaining value in high-energy thermal markets These qualities make this coal an ideal multi-market coal, capable of supplying the premium thermal segment or serving as a key blending component for high-volatile coking coal in steelmaking.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_002.jpg

Figure 3. A portion of extracted coal sample from high grade coal seam stockpiled on site

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_002full.jpg"This valuable, high-quality coal seam extraction and stockpiling highlights the near-term potential of our deposit and underscores the efficiency of our decline strategy. These results confirm that La Estrella can produce truly premium coal-very high BTU, low sulphur, and low ash-making it attractive for both top-tier thermal coal buyers and coking coal producers seeking a high-volatile coking coal blend component for the steel industry. This dual-market versatility enhances the project’s value and positions Forge to move towards future commercialization. We look forward to further progress.”

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_003.jpg

Figure 4. Coal seam exposed in development face

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_003full.jpg"text-align: center;">Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_004.jpgTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_004full.jpg"text-align: center;">Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_005.jpg

Figure 5. Exposed coal seam within decline tunnel, outlined and measured

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_005full.jpg"text-align: center;">Cannot view this image? Visit: https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_006.jpg

Figure 6. Coal being extracted for stockpiling

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8680/262301_ee26706b04eedbcb_006full.jpg"contactInfo">

On behalf of the Board of Directors"PJ Murphy", CEO Forge Resources Corp.info@forgeresources.com

The coal samples showed a calorific value of 13,846 BTU/lb, very low sulphur content of 0.82%, low ash and moisture content, and a Free Swelling Index (FSI) of 4. The coal seam measures approximately 0.5 to 1.0 meters in thickness at the development face. The coal can serve both the premium thermal coal market and function as a high-volatility coking coal blend component for the steel industry. The La Estrella coal project is located in Santander, Colombia. The project is fully permitted and currently conducting bulk sampling, with coal being extracted and stockpiled on the surface for future commercialization. N/A Ranked by Market CapN/A Ranked by DividendsAug 7, 2025Forge Resources Announces Continuous Porphyry Mineralization in All 2025 Holes to Date Including 0.911 g/t Au over 20.49 mJul 24, 2025Forge Resources Encounters Coal Seam During Decline Development at La Estrella, Extraction for Analysis Is UnderwayJul 2, 2025Forge Resources Discovers New Visible Gold Occurrences in Phase 1 Drilling at Alotta, YukonJun 25, 2025Forge Resources Announces Completion of Phase 1 in 2025 Drill Campaign, YukonJun 17, 2025Forge Resources Announces Visible Gold and Continued Porphyry Mineralization at Alotta Project, Yukon Market Cap40.52MFloat81.47MInsiders Ownership16.65%IndustryGoldSectorBasic MaterialsWebsiteLinkCountryCanadaCityRichmondContinue reading with these related stories

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