Carbon Creek
Overview
Commodity
Metallurgical CoalOverview
The Carbon Creek deposit is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current resource estimate of 166.7 million tonnes measured and indicated with an additional 167.1 million tonnes inferred. The Company released results of an independent Preliminary Economic Assessment in December 2011 which outlines the robust nature of the deposit. Plans for 2012 include exploration drilling aimed at expanding the current resource base and advancing the Carbon Creek asset towards feasibility and a production decision.
Ownership
Cardero acquired a 100% interest in Coalhunter Mining Corp. via a plan of arrangement in June 2011. Coalhunter Mining was renamed Cardero Coal Ltd. (a wholly-owned subsidiary of Cardero Resource Corp.) and holds 75% joint venture interest in & is the operator of the Carbon Creek Metallurgical Coal project.Location
The project is located in the Peace River Coal District of northeast British Columbia, CanadaCARBON CREEK METALLURGICAL COAL DEPOSIT
Current Resource Assessment
| Measured Mt | Indicated Mt | Inferred Mt | Mineable Tonnes (millions) | |
|---|---|---|---|---|
| Surface | 33.1 |
20.1 |
19.6 |
21.8 |
| Underground | 42.4 |
71.1 |
147.5 |
115.2 |
| Total | 166.7 |
167.1 |
137.0* |
|
Preliminary Economic Assessment
| Sale Price Sensitivity | IRR % |
NPV 8% |
NPV 10% |
NPV 12% |
|---|---|---|---|---|
| Best Case $270/t | 46.3 |
$1,755M |
$1,335M |
$1,033M |
| Best Case $185/t | 29.3 |
$752M |
$551M |
$408M |
| Low Case $141/t | 16.1 |
$229M |
$142M |
$79M |
