Met Coal Vital Component of the Steel Industry

The Aries Project

Large coking coal deposit

One of the few remaining large, untapped and well-defined coking coal deposits


Excellent jurisdiction and infrastructure

West Central Alberta, Canada mining area with access to road, rail, port, power, and labour; Best mining jurisdiction in Canada*

* Fraser Institute, "Annual Survey of Mining Companies 2013," March 2014

  • 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 Ridley Coal Terminal; Westshore Coal Terminal being expanded; Fraser Surry Docks in permit application phase for coal handling system

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

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: Liberty Mining & Metals, Lundin Family Trusts, CD Capital


Experienced Management Team

A senior management team with in-depth experience in project development, surface and underground mining operations, and finance

Geology and Resource Base

Aries Project Coal Geology and Resource Base (NI- 43-101 April 20, 2017)

Two Seams - Cross Section

Resource and Reserve Estimate
In-Place Coal Resource Estimates 215 Mt Measured and Indicated
Run of Mine Reserve Estimate 182 Mt Proven & Probable

Profile of Seams
Average seam thickness
No. 3 3.5 m
No. 2 2.0 m
Average seam wash yield (PEA April 2014)
No. 3 58 to 65%
depending on mining method
No. 2 62%