Lilyburt Coal

The Lilyburt coal property in Southeastern British Columbia, Canada, includes two key coal licenses owned by Western Canadian Coal Corporation (WCC), which are surrounded by nine licenses held by Teck Coal, formerly Elk Valley Coal Corporation.

WCC has held the licenses since 1998 but has not completed any substantial work on the property. Moose Mountain Member Corporation (MMMC) prepared a report in 2006 for WCC to assess the coal geology and resources of the Lilyburt property, and determined “that the Lilyburt Property constitutes a property of merit.”

Future exploration and development of the deposit depend upon an upturn in the coal market and such exploration should include the following:

• Increase the assurance of resource particularly in areas where mining will likely be initiated. This should include new drilling, mapping, and bulk samples.
• Complete a program of testing to more thoroughly define the coal quality and to test the detailed correlation of the main coal seams.
• Obtain preliminary data concerning the geotechnical properties of the sequence to be mined for slope design and groundwater considerations.
• Initiate preliminary environmental and socio-economic studies to determine significant issues and reasonable courses of action.
• Obtain preliminary operating cost information for future economic assessment work.
• Obtain coal quality data pertinent to current coal markets (for power generation and pulverised coal injection purposes) through bulk sampling.
• Initiate preliminary coal beneficiation studies to evaluate cost, performance, and market potential.
• Complete a pre-feasibility study.

Wasabi continues its joint venture with Western Canadian Coal Corporation to explore the Lilyburt coal property.