The Aries Project
Large coking coal deposit
One of the few remaining large, untapped and well-defined coking coal deposits
Location
Excellent jurisdiction and infrastructureWest Central Alberta, Canada mining area with access to road, rail, port, power, and labour
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Labour
40km from existing towns and an established labour pool -
Roads
Access to property via secondary roads -
Rail
30km from railhead serviced by CN Rail; connection to CP Rail at Red Deer -
Power
Electrical power readily available; high voltage transmission lines within project area -
Port
Available port capacity at two of the major western Canadian coal terminals; Westshore Terminals and Ridley Terminals
Project Facts
(NI 43-101 Technical Report Aries Coal Project dated April 20, 2017)
Resource Estimate
- Two well-defined coking coal resources with NI 43-101 In-Place Coal Resource Estimate of 413 Mt Measured and Indicated
- Aries Project contains 215Mt Measured and Indicated
- Run of Mine Reserve totals ~183 Mt Proven and Probable
- South Block contains 193Mt Measured and Indicated with 105Mt inferred
- Aries Project contains 215Mt Measured and Indicated
Production Estimates
- 6Mtpa run of mine - 4Mtpa clean coal operation
- 33 year life of mine
Progressive Reclamation
- Mining configuration and phased development provides significant opportunity for Progressive reclamation
- Approximately 75% of the disturbed area will be reclaimed prior to the end of the mining operation
Coal Quality
High volatile bituminous coking coal with an FSI of 7.5, volatile matter of 30.5%, ash of 9.5% and low sulphur of 0.6% (all on dry basis)
Track Record
Founders with proven track record of resource investment and development
Significant shareholders: Lundin Family Trusts, CD Capital
Management
Experienced Management Team
A senior management team with in-depth experience in project development, surface and underground mining operations, and finance
Six Coal Seams of Geologic Interest
Ram River Property Cross Section
