Vista Coal Project

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This is the Vista Coal Project property which is 100% owned by Coalspur. Coalspur is preparing to develop its Vista project which will be its flagship mine and is thought to be one of the largest undeveloped coal mines in North America. First coal is anticipated at the end of 2016 at an initial production rate of up to 6.5mtpa (Phase 1) and an eventual run-rate of 12mtpa (Phase 2) over a 30 year mine life. Coalspur currently holds 55 individual coal lease agreements and three coal lease applications in the Hinton area. Within this area, the Coalspur Coal Projects consist of 22 contiguous leases comprising the Hinton West, Z Block, Hinton East, Vista South, Vista Extension and McLeod River North Coal Resource Blocks. All of these leases are held directly, or in escrow, by Coalspur.

The Vista Coal Project is targeting a gently dipping series of sub-cropping coal measures along a strike length of approximately 20 km at low strip ratio. Coalspur acquired the Vista Project in several stages through the acquisition of various contiguous leases: Hinton West and Hinton East from Consolidated Tanager Limited in early 2009; Z Block and the McLeod River North blocks from Mancal Coal Inc. in June 2010.

The coal bearing strata within the Vista Project areas form part of the upper Saunders Group from the Coalspur Formation. There are four principal seams of economic interest: the Val d’Or; the McLeod; the McPherson, and the Silkstone seams. Several minor seams are also known to occur but these are limited in extent and do not contribute materially to the overall Coal Resource estimates. The coal is a moderate rank high volatile bituminous coal (High Volatile Bituminous C - ASTM Classification) suited to steam raising.

The Vista Mine will be developed in two principal phase pits known as Vista 1 and Vista 2. Vista 1 is further separated into an initial 5 year development scheme and a second final pushback stage. Vista 2 is scheduled to come on stream in 2021 and effectively double the production rate of the project from 6 Mt/a product to 12 Mt/a.


Reference:

www.coalspur.com/assets/vista-coal-project/overview/

www.mining-technology.com/projects/vista-coal-project-a...