Huguenot Property 2020 PEA Highlights
Western Canada Met Coal Project Comparison
GIC
• In mid-2019, Hancock Prospecting Pty Ltd announced that it had acquired all of the outstanding ordinary shares of Riversdale Resources Limited
that it did not already own
• Implies a TEV of AUS$737 million for Riversdale (100.0% basis)
• Riversdale's primary asset is the Grassy Mountain coking coal project, which is within the Crowsnest Pass Coalfield and is located in the province of
Alberta
Project Description
Stage
Location
Coal Type
Total Resource
Acquisition Offer / Total Resource
Operating Metrics
Mine Type
Grassy Mountain
Huguenot
Fed. Env. Review - Permitting
Southwest Alberta
HCC
195 Mt
PEA
Northeast BC
HCC
278 Mt (Measured + Indicated) and 119 Mt (Inferred)
AUS$3.78 per tonne
Gordon Creek (Flatbed)
PEA
Northeast BC
HCC & PCI
298 Mt (Inferred)
Option 2
Surface & UG
31 years
8.6:1
122 Mt
UG
30 years
112 Mt
72 Mt
89 Mt
57 Mt
2.7 Mt
3.0 Mt (Surface + UG)
1.9 Mt
73%
73%
51%
Mine Life
Strip Ratio
LOM ROM Coal Production
LOM Clean Coal Production
LOM Avg. Annual Clean Coal
Production
LOM Avg. Yield
Costs
Surface
24 years
9.2:1
154 Mt
88 Mt
3.7 Mt
57%
Option 1
Surface Only
27 years
10.5:1
99 Mt
Total FOB Cost
Initial Capital Cost
US$96/clean tonne¹
US$488 M
US$110.38/clean tonne
2,3
4
US$106.96/clean tonne
US$303 M
2,3
US$661 M
4
US$80.91/clean tonne
US$300 M
5
5
Notes:
1 From other sources
2 Option for Leased Surface
4
Exchange Rate Used:
5
Exchange Rate Used:
Mining Equipment
US$1.00 CAD$1.30
US$1.00 CAD$1.30
3
Note:
HCC: Hard Coking Coal
PCI Pulverized Coal Injection
TSX-V: CAD
Exchange Rate Used:
US$1.00 CAD$1.316
www.ccoal.ca
5View entire presentation