BC Anthracite has specifically targeted British Columbia as its initial project focus due to its:
(i) abundance of high quality coking and metallurgical coal;
(ii) well developed rail and port infrastructure with excess capacity;
(iii) access to deep sea ports;
(iv) competitive shipping distance to Asia; and
(v) positive government stance on mining.
The Company’s flagship Groundhog Anthracite Project (Groundhog) is located in north-west British Columbia in close proximity to key mining services and established infrastructure including rail, power, water, roads and port. The Groundhog Project comprises 45 granted coal licenses and 33 coal lease applications covering an area of approximately 800km2 and possesses a 1.57Bt JORC Measured, Indicated and Inferred resource.