Huguenot Property 2020 PEA Highlights slide image

Huguenot Property 2020 PEA Highlights

Colonial Projects Overview: Gordon Creek Metallurgical Coal Project (Flatbed Property) GIC Premium clean hard coking coal product (Seams B, D, F (combined F1 and F2), and Seam G, totalling 71.4% of the reported resources) plus a premium pulverized coal injection (PCI) product (Seams J and K, totalling 28.6% of the reported resources). Gordon Creek PCI Coal VS. Export PCI from Queensland/NEBC Gordon Creek Coal Quality Comparison Gordon Creek Coking Coal VS. Canadian Export Coking Coals Low Vol PCI from PCI Coal¹ QLD/NEBC² Gordon Creek Coking Coal¹ Seam J Seam K Min Max Canadian NEBC HCC² Canadian SEBC HCC² Min Max Total Moisture (% as received) 8.0 9.0 8.0 - 9.0 8.0 10.5 Total Moisture (% as received) 8 9 8-9 8 Volatile Matter (% air dry) Ash Content (% air dry) 18.5 18.2 9.5 20.4 Volatile Matter (% air dry) 20.7 25.2 23.0 - 24.5 21.0-27.0 8.5 6.0 7.5 10.5 Sulphur Content (% air dry) 0.37 0.41 0.28 0.70 Ash Content (% air dry) 8.00 8.90 8.25 -8.60 8.50 -9.60 Free Swelling Index (FSI) 3.5 3.5 0 2 Sulphur Content (% air dry) 0.44 0.90 0.45 -0.55 0.35 -0.75 Hardgrove Grindability Index (HGI) 80 79 65 90 Free Swelling Index (FSI) 6 8 7-8 6-8 Carbon Ultimate DAF % 90 91 88 92 Mean Max Reflectance of Vitrinite (%) 1.18 1.39 1.15 -1.25 1.08 1.35 Hydrogen Ultimate DAF % 4.2 4.2 3.6 4.9 Maximum Fluidity (ddpm) 12 1135 150-300 40 - 300 Mean Max Reflectance of Vitrinite (%) 1.43 1.43 1.26 1.75 Phosphorus in Coal (% dry) 0.049 0.089 0.008 0.040 0.010 0.065 Phosphorus in Coal (% dry) 0.020 0.002 0.030 0.100 Base/Acid Ratio of Ash 0.08 0.22 0.12-0.18 0.07 -0.10 Calorific Value (Gross air dry) Kcal/kg 7913 8138 7450 7910 Coke Strength after Reaction (CSR) 51* 70* 58-60 68 - 72 Coke Replacement Ratio* 0.92 0.93 0.87 0.93 * Note: Calculated; QLD = Queensland; NEBC = Northeast British Columbia Results based on laboratory scale washing and testing of exploration samples. 2 Results based on full washing plant under operating conditions. Data Source: Kobie Koornhof Associates Inc. Note: Calculated; NEBC = Northeast British Columbia; SEBC = Southeast British Columbia 1 Results based on laboratory scale washing and testing of exploration samples. 2 Results based on full washing plant under operating conditions. Data Source: Kobie Koornhof Associates Inc. TSX-V: CAD www.ccoal.ca 18
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