Mine 14 Project
Grande Cache
MD of Greenview
Alberta, Canada
Valory’s wholly-owned Mine 14 Project is an underground, steelmaking coal development project near the established mining town of Grande Cache in Alberta, Canada.
The project is permitted to produce 1.3 million tonnes per annum (Mtpa) of run-of-mill (ROM) premium, low volatile (PLV), low ash coal for export to overseas steel manufacturers and is linked by rail to coal ports in British Columbia.
Valory has a reserve (pursuant to NI 43-101 – Technical Report) which underpins a Project period of 10 years, but Valory also has access to additional resources and intends to expand the operations to 15 years.
Measured Reserves (NI 43-101)
19Mt
To increase via high wall mining
Measured Resource (NI 43-101)
188Mt
ROM per annum
1.8Mt*
Valory has a permit for 1.3Mt and is entitled to expand this to 1.8Mt (pursuant to local laws)
Highest Quality Product - PLV
CSR 70%
Mine Life
10 years
Summit expects mine life to exceed 10 years.
FOB Cost
US$104/t
Excluding government and vendor royalties
Estimated Capex
US$220M
First Coal
Q1 2028
Infrastructure
Mine 14 has access to established mining infrastructure including a gas-fired power station, water, railway system, state highway and high voltage power.
Mining in the coal deposits surrounding the town of Grande Cache has been taking place since the 1940’s. The town and surrounding infrastructure have been continually developed over that timeframe, with all associated social and industrial infrastructure in place to support the incremental activities that the development of Mine 14 would create.
Importantly the town hosts a highly skilled workforce – and underground mining has taken place in the region throughout this whole period.
Coal Preparation Plant
The fully permitted coal preparation plant will be constructed in an existing industrial precinct for a premium steelmaking coal product.
Grande Cache comes first
A priority for Valory is to be recognised as a respected corporate citizen. We have secured the support of our host communities including government representatives, indigenous parties, local citizens and peak bodies by taking a collaborative and caring approach.
