Huguenot Property 2020 PEA Highlights
Company Overview: Colonial Coal
Colonial's Projects: Two of the Largest Hard Coking Coal Deposits in the Region-
CIC
Huguenot has a contained resource of 277.7 million tonnes of combined Measured and Indicated resources plus 119.2 million tonnes of Inferred
resources, making it one of the largest deposits in the region
The Gordon Creek deposit on the Flatbed property has a contained resource of 298 million tonnes of inferred resources
Coals from both Huguenot and Flatbed rank as premium metallurgical coking coals, The coals are amenable to washing to a low-ash product with low
sulfur and low phosphorus
Premium coking coal: the quality of coal at Huguenot and Flatbed is comparable to that once produced from the Quintette (Denison Mines/Teck) and
Bullmoose (Teck) mines, and to coal more recently mined at the Anglo American's Trend Mine, that is currently under care and maintenance. Coal
from these mines, together with coal from Conuma's Perry Creek Mine, has been exported to Asian markets for a long time. From 1984 to 2003, well
over 100 million tonnes were exported to Japan from the Quintette and Bullmoose operations.
HUGUENOT
North Block
Middle Block
South Block
Total
Surface Mineable Resources
Measured + Indicated (MT)
66.2
46.9
18.8
132.0
Inferred (MT)
0.0
0.5
0.0
0.5
Underground Mineable Resources
FLATBED
Underground Mineable Resources
Gordon Creek Deposit Area
Measured + Indicated (MT)
37.6
31.2
77.0
145.7
Inferred (MT)
86.8
1.6
30.2
118.7
298.0
TOTAL Mineable Resources
Measured + Indicated
(MT)
103.8
78.1
95.8
277.7
Inferred
(MT)
86.8
2.1
30.2
119.2
298.0
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