Montem is moving its two steelmaking coal projects, the Tent Mountain Mine and the Chinook Project, towards development. The projects are located in the Crowsnest Pass of southwest Alberta and southeast British Columbia, and adjacent to the largest export steelmaking coal mines in Canada.
Montem JORC Coal Resources & Reserves
|Saleable Reserves (Mt)||Measured (Mt)||Indicated (Mt)||Inferred (Mt)||Total (Mt)|
|Tent Mountain Mine||13.1||3.7||48.1||8.4||60.1|
Mineral Resources have been estimated according to JORC 2012 standards.
Montem JORC Coal Exploration Targets
|Exploration Target (Mt)|
|Chinook Vicary||125 – 450|
|4-Stack||65 – 125|
|Isola||275 – 900|
|Total||465 – 1,475|
Chinook Vicary and 4-Stack Exploration Targets upper ranges (larger tonnage) generated using a 20:1 stripping ratio cut-off; lower ranges (smaller tonnage) generated by restricting the upper ranges to a 300m depth cut-off.
Isola Exploration Target upper range (larger tonnage) generated using a 600m depth cut-off; lower range (smaller tonnage) generated by restricting the upper range to a 250m depth cut-off and applying a 20:1 stripping ratio.
The Exploration Targets have been defined for Chinook Vicary, 4-Stack and Isola in areas where there is insufficient data to estimate a Mineral Resource. The potential quantity and grade of the Exploration Targets is conceptual in nature and it is uncertain if further exploration will result in the estimation of Mineral Resources. The Exploration Targets are not reported as part of any Mineral Resources or Ore Reserves.
The Tent Mountain Mine
The Tent Mountain mine is located in the Crowsnest Pass, straddling both sides of the southwest Alberta and southeast British Columbia border. The Tent Mountain Mine was actively mined from the early 1900s to the early 1980s. Montem’s primary focus is re-starting operations at Tent Mountain, which has existing permits and approvals in place. Our first coal is expected to be ready for market in 2023.
The Chinook Project
The Chinook Project is located in the Crowsnest Pass in southwest Alberta, near the town of Coleman. The project is made up of Chinook South and Chinook Vicary. Montem is currently completing exploration and preliminary mine engineering studies to guide the strategic development of this potentially large-scale project.
The Isola, 4-Stack and Oldman projects are located north of the Chinook Project in the Crowsnest Pass in southwest Alberta, near the town of Coleman. All three of the projects have the potential to host significant coal resources.