Huguenot Property 2020 PEA Highlights slide image

Huguenot Property 2020 PEA Highlights

Company Overview: Colonial Coal HUGUENOT PROPERTY ■ Situated adjacent to the proposed Belcourt South open pit (owned by PRC/Anglo) Trucking distance of ~111 road-km - also accessible by ~85 km rail spur (or combination rail and overland conveyor) - to link with the existing rail line ■ Amenable to surface and underground mining ■ 1.5% royalty FOB port ■ Gates Formation coal seams: the same as past and current producers in the Tumbler Ridge area ■ 2018 PEA contemplates an 85 km, 3rd party built rail spur that would be available for use by other potential producers in the region (less if an overland conveyor is used) to connect the project to the main rail line ■ 2020 PEA contemplates trucking to the existing rail line via up- graded off-highway roads (~75 km) and existing paved highway (~36 km) Each PEA builds upon an original study prepared in 2013 and updated in 2018, using then-current scoping level cost estimates and economic analyses. ■The 2013 and 2018 mining studies were based upon a combination of open pit and underground mining methods. During the 2018 update, Stantec recognized an opportunity for expansion of the open pit to higher stripping ratios, with correspondingly higher recoverable tonnages of mineable coal, which led to the 2020 examination of a stand-alone surface mining option for a new PEA. ■ 2020 PEA contemplates a 78 km, 230 kilovolt power transmission line. TSX-V: CAD Underground Mine Area Underground Mine Shaft С 1 2 www.ccoal.ca 10 Rail Line All Weather Gravel Rd. Upgraded FSR ≈ 75 km Powerline Holtslander GIC Ojay Main Rd Sediment Pond Plant Site Pika Crk. Pit Area Waste Dump Crk-1 HUGUENOT SCALE 3 4 5 km Crk-2 Belcourt W N E S
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