September 2015 Investor Presentation Colonial Coal International Corporation TSX-V: CAD Western Canada’s Leading Coking Coal Developer

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September 2015 Investor PresentationColonial Coal International CorporationTSX-V: CADWestern Canadas Leading Coking Coal DeveloperTSX-V: CADwww.ccoal.caLegal DisclaimersThis presentation may contain forward-looking statements, and forward looking information under applicable securities laws including managements expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks and uncertainties include, but are not limited to: the risks associated with the commodity industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Colonial Coal undertakes no duty to update any of the forward-looking information herein. The reader is cautioned not to place undue reliance on forward-looking statements.The scientific and technical information relating to the Huguenot property has been derived from the Huguenot Technical Report dated September 4, 2012, a copy of which will be filed on under Colonial Coal International Corp., copies of the technical report will be made available to investors on request.The information contained in this document has not been reviewed or approved by the U.S. Securities and Exchange Commission or any provincial or state securities regulatory authority. Any representation to the contrary is unlawful. This document does not include a complete description of Colonial Coal or any offering. Any offer of securities Colonial Coal will be made only pursuant to a subscription agreement and the provisions of applicable law. Any securities to be offered for sale by Colonial Coal are not expected to be registered in the United States under the Securities Act or under any state securities laws.Cautionary Note to US Investors Concerning Resource Estimate: The resource estimates in this document were prepared in accordance with National Instrument 43-101, adopted by the Canadian Securities Administrators. The requirements of National Instrument 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the SEC). In this document, we use the terms measured, indicated, and inferred resources. Although these terms are required and recognized in Canada, the SEC does not recognize them. The SEC permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that constitute reserves. Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a measured or indicated resource will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that inferred resources exist or can be legally or economically mined, or that they will ever be upgraded to a higher category. 1TSX-V: CADwww.ccoal.ca1Company Snapshot2Strategic LocationHigh Quality Coking CoalExperienced Management TeamDavid AustinChief Executive Officer and ChairmanJohn PerryChief Operating Officer and DirectorWilliam Filtness, CAChief Financial OfficerSource: Company disclosure, FactSetHuguenot:Measured and Indicated(Mt)277.7Inferred(Mt)119.2Flatbed:Est. Flatbed Resources(Mt)~100Huguenot North Block Simulated Clean Coal QualityAsh(%)8.1Volatile Matter(%)23.4Sulphur(%)0.4Phosphorus(%)0.047Fixed Carbon(%)68.5Dmmf VM(%)24.9FSI6.5Significant Upside PotentialHuguenot and Flatbed great exploration upsideWatson Island MOU port investment opportunitiesLocated in a prolific coal belt significant M&A activitiesProximity to Asian market secured export market

BRITISHCOLUMBIAALBERTAVancouverPrince RupertFort NelsonNeptune TerminalsWestshore TerminalsKeyHuguenotFlatbedProjectCoal FieldsCity CN RailRoads

HuguenotDawsonCreekTumblerRidgeChetwyndFlatbedTSX-V: CADwww.ccoal.ca78Peace River CoalfieldHudsons HopeRidleyTerminalsFort St JohnChetwyndALBERTABC13210151417416113912Tumbler Ridge5634Carbon Creek (Cardero)

Resources: 334 MtTarget Production: 2.9 MtpaProduction Start: 201413Trefi (Anglo Pacific)

Resources: 90 Mt7Gething (CKDI)

Est. Resources: 786 MtTarget Production: 2.0 Mtpa Wapiti River (Canadian Dehua)

Est. Resource: 7,000 Mt Est. Prodn: 6.0 Mtpa 15Willow Creek (Walter)

Reserves: 30 MtResources: 51 MtTarget Production: 1.7 MtpaProduction Restart: 2010163Brule (Walter)

Reserves: 20 MtResources: 34 MtTarget Production: 2.0 MtpaWolverine (Walter)

Reserves: 49 MtResources: 70 MtTarget Production: 3.0 MtpaProduction Start: 20071710Quintette (Teck)

Target Production: 3.0 MtpaProduction Start: 20131Atrum Coal PRC Project

Exploration Target: 25 MtMurray River (HD Intl. Mining)

Resources: 3,180 Mt (inferred)Est. Prodn: 6 Mtpa (Phase 1)9Trend (Anglo Coal)

Reserves: 23 MtResources: 45 MtTarget Production: 2 MtpaProduction Start: 2005142Belcourt Saxon JV(Walter (50%) / Anglo (50%))

Reserves: 86 MtResources: 171 MtTarget Production: 4 Mtpa12Suska (8) & Sukunka (9)(Xstrata / JX Nippon)

Reserves: 61 Mt (Sukunka only)Resources: 319 & 236 MtTarget Production: 9.5 Mtpa Production Start: 2015118Mt. Duke (Teck)

Resources: 281 MtNote: Peace River Basin map is for illustrative purpose onlySource: BC Ministry of Energy, Company filings, Industry Publications and News Sources, Mines and Petroleum Resources 25 km1Flatbed / Huguenot (Colonial Coal)

Huguenot Resources: 384 Mt Target Flatbed Resources: 100 Mt56Anglo CoalAnglo PacificAtrum CoalBelcourt Saxon JVCanadian DehuaCarderoCenterpoint ResourcesColonial CoalHD Mining InternationalJameson ResourcesKailuan Dehua (CKDI)TeckWalter EnergyXstrataOther Coal Tenures & AppsRailroad3TSX-V: CADwww.ccoal.caUnparalleled Investment OpportunityInvest in one of the largest deposits of premium quality hard coking coal in western CanadaTargeted open pit mineable resource of 397 Mt at Huguenot Project (Huguenot)Potential for large tonnage deposit at Flatbed Project (Flatbed) in proximity to Trend and Quintette mines Extensive historical work completed by Denison

The only publicly traded pure-play coking coal company in western Canada to have a stake in a port development projectRecent MoU regarding potential development of port facility at Watson Island

Gain exposure to one of the most active coal basins in a mining friendly jurisdiction with excellent infrastructure in placeRecent acquisitions by Walter Energy (Walter), Anglo American (Anglo), Xstrata, and Winsway/Marubeni amongst othersCapacity expansion underway at western Canadian ports and new coal terminals being built in north-west United States

Strategically located leases adjacent to major projects provide logical buyers and partnership opportunitiesHuguenot located between Anglos and Walters Belcourt Saxon JVFlatbed located adjacent to Anglos producing Trend mine and Tecks soon to be started Quintette mine

Highly experienced management team with a proven track record in the Peace River CoalfieldDirectly responsible for developing two producing mines in the region

Provides exposure to long-term Asian growth story whilst staying invested in a safe jurisdiction Increasing demand for high quality coking coal driven by long term Asian growthWestern Canadian coal projects have cost advantaged access to East Asian markets

4TSX-V: CADwww.ccoal.caMetallurgical Coal Quality BenchmarkSelect Benchmarks% / ddpmMillions Tonnes Met CoalGlobal RangeCanadian RangeHCC BenchmarkColonial Coal(Wapiti River)(Murray River)(Gething)(Huguenot)(Carbon Creek)(Suska)(Mt. Duke)(Sukunka)(Belcourt Saxon JV)(Trefi)(Wolverine)(Willow Creek)(Trend)(Brule)Source: WoodMacMetallurgical Coal Resource Size BenchmarkSelect Peace River Coalfield Based PeersVery low sulfur and phosphorous content compared to global producersSource: CCIC, company reportsSurfaceUndergroundTotalMeasured96.218.9115.1Indicated35.8126.9162.6Inferred0.5118.7119.2Total132.5264.4396.9Huguenot Resource Estimate (mm tonnes)One of the Largest Premium Hard Coking Coal Deposits in the RegionHuguenot has a contained resource of 397 million tonnes, making it one of the largest deposits in the regionDeposit at the resource stage with significant room for expansionHuguenot's metallurgical coal quality ranks as a premium coal productContains low sulfur and deleterious elementsSimilar composition to Anglo's nearby Trend mine (premium product exported to Asia)Price forecast for Huguenot of $200/tonne (Analyst consensus)Benchmark based on Anglos Trend mine, reflecting HCC benchmark adjusted for Trends quality levels Huguenot's CSR levels are higher than anything else in the region, including TrendPotential for Huguenot to receive a premium to the benchmark price5TSX-V: CADwww.ccoal.caPotential to Jointly Develop Shared Infrastructure

Tumbler RidgeRidleyTerminalQuintette Load-OutFacility(Quintette)


(Huguenot)(Belcourt Saxon)

(Flatbed)Proposed rail spur(85 km from Quintette load-out facility)(Wapiti River)


Strategic Location With Significant Partnership OpportunitiesSharing in the development of joint infrastructure (roads / rail) with operators in the region would lower initial capital costs at HuguenotPEA contemplates a standalone railway used solely by CCIC (overly conservative assumption)85 km rail spur to connect the project to the nearest load-out facility at Quintette (owned by Teck)

In reality, the railway would be constructed on a shared basis with other coal producers in the region that would use Quintette loadoutHuguenot is adjacent to the Belcourt Saxon JV (Anglo American / Walter Energy)Other nearby properties are owned by Teck Resources and Canadian Dehua (joint venture including major Chinese state-owned steel producers)

Shared rail would reduce costs and provide practical benefitsShared rail line would pass through the various properties, resulting in shorter length (65 km) Development / operating costs would be distributed across all operators in the region for greater scale and lower per tonne costWhile rail is the preferred mode of transportation in the region, trucking coal is viable but more expensive on a per tonne basis (Walter currently transports 2 million tonnes of coal annually from its Perry Creek mine to Quintette )6TSX-V:

Mine Life (years)31 Capital Cost ($m)$606Production (mtpa)3.0Coal Price ($/t)$192.50Direct Mine Costs ($/t)$77.84Off-Site Costs ($/t)$44.67Cash Cost ($/t) [FOB]$122.51Power & Building Costs$285Road & Rail Load-Out Costs$25Surface Capital Requirements$310Shafts & Hoists$128Longwall System$93Other Underground Costs$75Underground Capital Requirements$296Total Capital Costs (Surface & Underground)$606Discount Rate & IRR5%7.5%10%IRR$165.00$680$407$23016%$192.50$1,579$1,100$78032%$225.00$2,634$1,910$1,42049%Huguenot Project NPV and IRR(1)Coal Price(2)Operating Cost Details ($/tonne, FOB Port)(1)Mining Costs$42.87 Labour Costs$21.49Plant Costs$10.00Leases & Other$3.48 Direct Mine Costs$77.84 Rail & Load-Out Costs$32.67Port Costs$12.00Indirect Mine Costs$44.67Total Cash Operating Cost$122.51Clean Coal Production, 9% Ash (kt) [First 10 Years](1)Summary PEA Statistics(1)Capital Expenditure Details ($ m)(1)Attractive Project EconomicsColonial released a Preliminary Economic Assessment ("PEA") for Huguenot in September 2013The PEA outlined Huguenot as a standalone project (conservative approach), without shared infrastructurePEA contemplates an 85 km rail spur connecting Huguenot to existing rail at Tumbler RidgeA shared rail spur would be shorter in length while the cost to develop and operate would be shared across regional miners

As per September 1, 2013; prepared by Norwest Corporation, Total Capital Costs excludes 15% contingencyFOB port basis7TSX-V: CADwww.ccoal.ca7

BituminousSub-bituminousLigniteCoal RankInfrastructure

CanadaABPeace RiverCoalfield

HuguenotDawsonCreekTumblerRidgeChetwyndFlatbed65 km from rail load-out facilityFlatbedHuguenotAvailable Rail and Port Capacity to Access Export MarketsProduction from Huguenot would be shipped via rail to export terminals on the west coast of British Columbia

Rail lines out of the Peace River Coalfields are operated by a Class I Canadian carrier (CN Rail, largest railway company in Canada) and have available capacity to support future production from HuguenotCoal is transported vial rail approximately 1,000 km to the Ridley Terminal in Prince Rupert

The Ridley Terminal is a deep water port with 2014 targeted capacity of 24 mtpa (expansion to be completed 2014, current capacity is 12 mtpa)One of the deepest, ice free natural harbours in the world100% owned by the Government of CanadaCapable of supporting capesize vessels (250,000 DWT)An ~14 mtpa of capacity will be available in 2014 (post expansion)Potential to expand up to 40 mtpa (option is currently under review)Port Facility / Coal TerminalCN RailwayCP Railway

8TSX-V: CADwww.ccoal.caExperienced Management and Board9David AustinChairman, President & CEOFounder of Western Coal, NEMI and now CCICWilliam FiltnessCFOOver 20 years experience as a director or officer for mining companiesCFO of High Desert Gold, South American Silver, and i-minerals and former CFO of NEMIJohn PerryCOO & DirectorOver 35 years experience as a geologist (over 30 years as a consultant): worked on many coal projects in northeastern BCWayne WaltersDirectorGeological consultant and former director of Running Fox Resources and NEMITony HammondDirectorChairman and MD of Great Orme Mines and a former director for NEMIIan DownieDirectorProfessional negotiator with an established mediation and dispute resolution consulting companyManagement Team and Board of DirectorsTSX-V:

Western Canada has vast coal resources including some of the worlds highest quality coking coals~23 Mt of met coal exports in 2011~27 Mt of met coal exports expected by 2015The region enjoys access to low-cost power, high-quality road and rail networks and major deep water seaports...


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