Colonial Coal

Website: www.ccoal.ca
Primary ticker: TSXV:CAD
Stage of development: Exploration, Development
Commodity: Coking coal
Project to promote: /
Project location:
Canada
Company presentation: Click here

Live financials

Cash: CAD$6.5M
Debt: Nil

Major shareholders:
Rosseau asset management – 15%
Emri Group – 12%
Novadan – 12%
Bunting & co – 12%
Haywood – 12%
Management Ownership – 20%

Coking coal company.

Management Profile

David Austin, CEO

Co founder of western CANADIAN coal. Founder on NEMi.

 

 

 

 

 


What is your rationale for attending 121 Mining Investment?

Get the story out.


What recent news would you like to highlight to investors attending?

Company is up for sale.


What are your key goals for the next 3, 6 and 12 months?

3, 6 & 12 Months:

Sell company.


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

COVID-19.


What do you think makes your company such a compelling investment?

Value of coal in the ground.

Analyst Insight – provided by Independent Investment Research

Colonial Coal International Corporation (CCIC) is TSX-V-listed metallurgical coal development company. The company currently maintains 100% ownership of two resource-stage coal properties in the Peace River Coal field in north-eastern British Columbia, Canada.

The Huguenot Coal Project covers a total area of 7,592 ha and consists of one contiguous block of 13 coal licences and two coal license applications that encompass previously explored deposits. The property is located approximately 140 road-km from the Quintette load-out and is amenable to open pit mining. With a total of 397 mt and a proposed production of between 3.5 and 5 million tone’s per annum, Hugenot is one of the most substantial coal resources in the region. The coal quality is very high and is reflective of a premium, hard metallurgical product.

The Flatbed project is located within the Peace River Coalfield, and is situated between 8km and 10km from the existing Quintette and PRC loadouts. The property is adjacent to Anglo American’s Trend mine and Teck’s Window proposed mine, and has the potential for a large tonnage deposit, with a 100+ Mt coking coal resource target. In June 2014, the British Columbia Ministry of Energy and Mines issued seven coal licences over the Flatbed property. These licences (covering 9,077 hectares), plus 3 remaining coal licence applications (covering 2,400 hectares), include three targets identified by an independent geological consultant as being worthy of exploration aimed at the location of underground mineable metallurgical coal deposits.

In September 2012, CCIC published a NI 43-101 reporting 189 Mt of Measured & Indicated plus 194 Mt of Inferred resources of metallurgical coal on the Hugenot property. The development focus in 2017 was on the Flatbed property. In January 2018, the company published an NI 43-101 reporting an Inferred resource of 298 Mt of metallurgical coal. Bringing our total metallurgical coal reserves, between the two properties, to 681 Mt.