Donkin Project

Nova Scotia, Canada

Donkin Project Snapshot

Ownership
  • 100% Kameron Collieries ULC* (Project Manager)
  • * Subsidiary of The Cline Group
Morien Royalty
  • 2% on first 500,000 tonnes in any calendar quarter
  • - 4% on any production above 500,000 tonnes in any calendar quarter
Morien Milestone Payments
  • - $2.0 mln received on closing (Feb 2015)
  • - $2.0 mln on second anniversary (Feb 2017) or at first coal production
  • - $1.5 mln on third anniversary (Feb 2018) or at first coal export
Location
  • Eastern Canada; Cape Breton, Nova Scotia Distance to Deep
Water Port
  • 30KM
Deposit Type
  • Underground
Infrastructure
  • Twin, 7.6 m (25 ft) x 3.6 km (2 mi) access tunnels in place
Resource
  • 227 Mt Indicated + 254 Mt Inferred
Probable Mineable Reserve
  • 58 Mt
Life of Mine
  • 30 Years
Coal Quality
  • Low ash, high energy coking and thermal coal
Cash Cost (FOB)*
  • $51.80/tonne (marine barge option) to $58.00/tonne (rail option)
  • *Based on 2011 Technical Report, available on SEDAR
Full Production
  • 2.75 Mt Saleable
Status
  • KAMERON COLLIERIES ACTIVELY PRODUCING COAL, SCALING UP TO FULL PRODUCTION
Permits
  • - Fully permitted for initial underground development phase (2,000 tonnes/day)
  • - Full production permit received Q3 2013 (3.5 Mtpa ROM; 2.75 Mtpa saleable)
First Production
  • March 1, 2017
Other Royalty
  • $1.20 / tonne to Province of Nova Scotia
Markets
  • Atlantic basin market and Asia
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