Nadezhny mining licence at Amaam approved

This new Licence is located to the south of its recently launched Project F operations and gives the company long term tenure and mining rights over Area 3 of the Amaam deposit. Area 3, located in the central part of the Amaam deposit, was identified In the Amaam Open Pit Pre-feasibility Study as the location for the commencement of open pit mining.

The Amaam Project is a key part of TIG’s strategy to develop a large scale metallurgical coal operation from it project in Chukotka, Far east Russia. The PFS on Amaam indicated potential for a fully integrated operation (Figure 4) with a production rate of 5 million tpy comprising:

• A large scale open pit.
• Coal handling and processing plant (CHPP) and infrastructure.
• A railroad and access road to a port and coal terminal in Arinay lagoon, located 25 km from the wash plant.

The deepwater Arinay Lagoon has the potential to receive capesize vessels and conduct all year round loading and shipping operations. Product from the Amaam operation will be a high vitrinite content (>90%) metallurgical coal with excellent coking properties.

Project summary

TIG is developing a large scale metallurgical coal basin that covers two areas, Amaam and Amaam North (Figure 1), with combined Resources of 632 Mt. At Amaam, TIG owns an 80% beneficial interest in Exploration Licence No. AND 01277 TP (Zapadniy Subsoil Licence) and the Exploration and Extraction (Mining) Licences, No. AND 01278 TE and No. AND 01288 TE. At Amaam North, TIG owns an 100% beneficial interest in Exploration Licence No. AND01203 TP (Levoberezhniy Licence) and the Exploration and Extraction (Mining) Licence No. AND 15813 TE, which covers the initial Project F mine development area. Amaam and Amaam North are two exceptionally well located metallurgical coal deposits, approximately 40 km from the Bering sea with shorter shipping distances to North Asian markets than from peer producers in Queensland and British Columbia (Figure 5). At Project F and Amaam North.

Project F Phase One is in production

The Project F 1.0 Mtpa Feasibility Study was completed in April 2016 with:

• 16.1 million t of product reserves, 6.1 million t Proven & 10.0 million t Probable.
• 110.6 million t total Resource, 22 million t measured, 55.7 million t indicated and 32.9 million t inferred.

TIG owns and operates the Beringovsky coal port.

There is excellent upside exploration and production expansion potential At Amaam.

A PFS was completed on 5 million tpy open pit operation producing a high vitrinite content (>90%) metallurgical coal with excellent metallurgical properties.

The total Resource is 521 million t comprising 3.1 million t measured, 91 million t indicated, and 428 million t inferred.

The planned wash plant is 25 km from planned year round port site, only eight days shipping to China, Korea and Japan.

Read the article online at: https://www.worldcoal.com/exploration-and-development/26072017/nadezhny-mining-licence-at-amaam-approved/