The Flatbed Coal Property, located within the Peace River Coalfield of N.E. British Columbia, is 100%-owned by Colonial Coal. It is situated between 8 to 10 road-km from the PRC and Quintette loadouts, lies adjacent to Anglo American’s Trend Mine and Conuma’s (previously Teck’s) proposed Window pit, and consists of eight coal licenses that cover an area of 9,607 ha. Work has concentrated on the northwestern coal licenses, within an area referred to as the Gordon Creek deposit. In-place resources from 7 coal seams total 298 Mt. A 2018 PEA study demonstrated the potential for a 30-year underground coal mine averaging approximately 1.9 Mt/year of premium to near-premium, hard coking coal; the two lower seams are currently viewed as premium PCI coal.