Mining Rights For Sale

**Proposal for the Sale of Coal Mining Rights**

**To: Prospective Buyer/Investor

**Introduction**
We are presenting a unique investment opportunity for the acquisition of coal mining rights within the Utrecht Coalfield in KwaZulu-Natal, South Africa. Our measured reserves promise substantial returns on investment, supported by comprehensive geological data and strategic location.

**Executive Summary**
This proposal outlines the sale of coal mining rights spanning four farms with a total aerial extent of 6,662.61 hectares, located 8 km south of Utrecht in the Emadlangeni local municipality. The estimated reserves consist of 2.1 million tonnes for open-cast mining, including 370,000 tonnes of high-grade anthracite coal, and an additional 7.3 million tonnes of bituminous coal suitable for underground mining.

**Project Overview**
**Geographic Location:** The prospecting area is situated on Tussshenbij 167 HT, Frischgewaagd 170 HT, Waterval 148 HT, and Zandspruit 162 HT, new castle KZN

**Historical Context:** Historical mining activities were conducted in the area during the 1970s and 1980s, with the extent of extraction currently undetermined due to unavailable mine-layouts and plans.

**Geological and Resource Details:**
- **Coal Seams Identified:** Alfred, Gus, and Dundas seams with varying thicknesses and separated by sandstone partings.
- **Coal Quality:** Two types of coal (bituminous and anthracite) with variable occurrences.
- **Resource Classification:** Measured resources for open-cast mining (anthracite and bituminous coal). Additional drilling planned to upgrade underground block to measured status.
- **Historical Boreholes and Drilling Program:** Information from the Council for Geoscience and the 2023 drilling program adheres to the SANS 10320:2004 code of practice.

**Environmental Considerations**

environmental impact assessments, reclamation, and compliance with environmental regulations are all in place

**Potential for Expansion or Additional Exploration**
the potential for resource expansion and the economic extraction of old pillars based on a detailed study of the old workings further drilling is required

**Terms of Sale**

We are selling 50% of the share of the prospecting right

**Supporting Documentation**
geological CPR available

**Call to Action**

We invite you to explore this investment opportunity. Please contact us to proceed with a site visit, further discussions, or to initiate the due diligence

We are confident that this mining right presents a compelling investment opportunity and look forward to discussing the potential for partnership.