RE: CRITICAL point...YOU SHOULD HAVE ALSO BOLDED THESE THAT I HIGHLIGHTED IN YELLOW BELOW
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From AMENDED May 27, 2011 Technical Report:
1.8 Other Relevant Data and Information
The New Elk Mine is a brownfield underground mine and portal site that is currently being
reactivated. The existing underground mine is the old Allen Mine originally developed by CF&I
and later renamed the New Elk Mine. NECC has rehabilitated the East Portal Slopes (belt
conveyor and supply track) to use as the primary access to the Apache Seam, which overlies the
old works in the Allen Seam. The East Portal return air shaft has been reactivated and a portion of
the flooded works of the old New Elk Mine has been dewatered through a drainage borehole.
>>>Additionally, NECC is in the process of permitting and designing new portal and slopes to access the Blue Seam in 2011. This new portal is located approximately 500 feet east of the New Elk Mine slopes and south of the existing clean coal silos.<<<
>>>Major revisions to the DRMS permit have been submitted to expand the mine permit boundary.<<< Various MSHA mine plans and approval documents have been submitted and approved.
Opposition to the permit revisions is anticipated to be minimal, as the local area is seeking
good paying jobs. The routine environmental protests that are common to all mining permitting or
other mining activities are expected, but are not likely to succeed in blocking the permit
modifications.
The BLM coal leases are presently under application. It is anticipated that the BLM will
ultimately decide in favor of leasing, but the outcome cannot be assured. NECC has sufficient
property to access and develop the XTO lease and NCE fee coal parcels to the north if the BLM
leases are not obtained. If the BLM decides to lease the nominated tracts, it will be a competitive
bidding process. No reasonable access is available for these BLM tracts other than via NECC
controlled property.
*******
23.1.2 General Mine Development
>>>To minimize the initial cost of accessing the coal resources, NECC intends to utilize the existing Allen Mine slopes and shafts to access some of the minable resources of the Apache and Allen Seams contiguous to the historical Allen Mine workings, and construct new slopes to the Blue Seam which is located approximately 50 feet below the surface near the existing preparation plant.<<<
Mining of the Apache Seam between the Allen Mine slopes and East Portal shaft is
underway at the time of this report and, after completion, coal mining is anticipated to progress
to the south of the existing slopes in the Apache Seam and to the north of the existing slopes in
the Allen Seam (after construction of the rock slopes between the Apache and Allen Seams).
>>>Construction of the Bates portals and slopes (a USD 10 Million project - Eigen337) is projected to start in May of 2011 and, once completed, coal mining by one super section will progress from the bottom of the new slopes in the Blue Seam. As this initial super section develops territory in the Blue Seam, additional super sections will be added. Three super sections are scheduled for operation in the Blue Seam by the end of 2011. The two super sections operating from the Allen slopes will complete mining of resources in the Apache and Allen Seams accessible from the Allen slopes and move to the Blue Seam via the Bates portals in 2012 and 2013.<<<
*******
Eigen337
From AMENDED May 27, 2011 Technical Report:
1.8 Other Relevant Data and Information
The New Elk Mine is a brownfield underground mine and portal site that is currently being
reactivated. The existing underground mine is the old Allen Mine originally developed by CF&I
and later renamed the New Elk Mine. NECC has rehabilitated the East Portal Slopes (belt
conveyor and supply track) to use as the primary access to the Apache Seam, which overlies the
old works in the Allen Seam. The East Portal return air shaft has been reactivated and a portion of
the flooded works of the old New Elk Mine has been dewatered through a drainage borehole.
>>>Additionally, NECC is in the process of permitting and designing new portal and slopes to access the Blue Seam in 2011.
This new portal is located approximately 500 feet east of the New Elk Mine slopes and south of the existing clean coal silos.<<<
>>>Major revisions to the DRMS permit have been submitted to expand the mine permit boundary.<<<
Various MSHA mine plans and approval documents have been submitted and approved.
Opposition to the permit revisions is anticipated to be minimal, as the local area is seeking
good paying jobs.
The routine environmental protests that are common to all mining permitting or
other mining activities are expected, but are not likely to succeed in blocking the permit
modifications.
The BLM coal leases are presently under application.
It is anticipated that the BLM will
ultimately decide in favor of leasing, but the outcome cannot be assured. NECC has sufficient
property to access and develop the XTO lease and NCE fee coal parcels to the north if the BLM
leases are not obtained. If the BLM decides to lease the nominated tracts, it will be a competitive
bidding process. No reasonable access is available for these BLM tracts other than via NECC
controlled property.
*******
23.1.2 General Mine Development
>>>
To minimize the initial cost of accessing the coal resources, NECC intends to utilize the existing Allen Mine slopes and shafts to access some of the minable resources of the Apache and Allen Seams contiguous to the historical Allen Mine workings, and construct new slopes to the Blue Seam which is located approximately 50 feet below the surface near the existing preparation plant.<<<
Mining of the Apache Seam between the Allen Mine slopes and East Portal shaft is
underway at the time of this report and, after completion, coal mining is anticipated to progress
to the south of the existing slopes in the Apache Seam and to the north of the existing slopes in
the Allen Seam (after construction of the rock slopes between the Apache and Allen Seams).
>>>
Construction of the Bates portals and slopes (a USD 10 Million project - Eigen337) is projected to start in May of 2011 and, once completed, coal mining by one super section will progress from the bottom of the new slopes in the Blue Seam. As this initial super section develops territory in the Blue Seam, additional super sections will be added.
Three super sections are scheduled for operation in the Blue Seam by the end of 2011. The two super sections operating from the Allen slopes will complete mining of resources in the Apache and Allen Seams accessible from the Allen slopes and move to the Blue Seam via the Bates portals in 2012 and 2013.<<<
*******
Eigen337