Caotang Mine main portal is at an elevation of 435m in the foothills of mountainous countryside.
It is 14 kilometers(km) northeast of Fengjie County town, approximately 33 km by road from the town
center and approximately 25 km from the port on the Yangtze River. The corners of the mining permit
area extendfrom longitude 109°31′00″ to 109°34′09″E and latitude 31°06′47″ 31°09′45″N.
The coordinates of themajor adit portal are 109°31′27″ E and 31°08′15″ N at an elevation of 435.13m.
The main coal seam mined is the Triassicage Xujiahe Formation K1 seam, but the Triassic K2seam
is also being developed as the secondary contributor to production.
Caotang Coal Mine is, and will continue to be, operated by a combination of Caotang Mine employees
Recent and historical assay data indicate the air dried (AD) basis raw coal has an average calorific value
(CV) of 5,800 kcal/kg with a 2.3 % moisture content, 27.2% ash, 2.1% total sulfur, and 0.06% P2O5, as
received. Future production is anticipated to be of similar quality.