Montem Resources Limited (ASX: MR1) owns the Chinook Properties, which comprise prospective metallurgical coal leases and freehold titles in southern Alberta and British Columbia, Canada. These properties are located in an active mining district and in close proximity to key mines of Teck Resources, a major exporter of Canadian coking coal.
Four of the Chinook Properties contain previous open-cut and underground mines. Montem Resources plans to re-establish mining at the Tent Mountain open-cut mine while exploring development opportunities at the other Chinook Properties.
Opened: 17 August 18
Pay by: 5 October 18
List Price: $0.50
Minimum Investment: $2,000