Coal reserve and quality

Contingent reserves and resources*

Coal Resource (Dry Tons, In Situ, MT)
Area Measured Indicated Inferred Total
Included in Mine Plan 7.14 3.04 0.00 10.18
Exclusive of Mine Plan 5.56 1.40 0.06 7.03
Total 4/30/2021 12.70 4.44 0.06 17.20

Preparation plant washed quality samples (dry basis)**

Ash Sulfur Btu S02/mm Btu Vol. FC FSI Ox. Max. Fluidity (DDPM)
Upper Cedar Grove Seam - Mine No. 5
Average 6.23 0.78 14,365 1.08 35.08 58.68 - 93.59 28,743
Maximum 7.63 0.90 14,527 1.24 36.00 59.71 - 97.40 30,000
Minimum 5.35 0.71 14,207 1.00 33.98 57.04 - 90.00 19,942
No. of Sample 8 8 8 8 8 8 8 8 8
Lower Alma Seam - Mine No. 6
Average 5.73 0.83 14,438 1.15 34.53 59.74 - 93.64 30,000
Maximum 7.24 0.89 14,602 1.22 35.05 60.66 - 95.00 30,000
Minimum 4.78 0.78 14,242 1.09 33.90 58.73 - 91.30 30,000
No. of Samples 8 8 8 8 8 8 - 8 8
Pond Creek Seam - Mine No. 1
Average 5.69 0.90 14,512 1.24 34.56 59.75 - 95.33 29,733
Maximum 7.19 0.98 14,685 1.35 35.25 60.77 - 96.90 30,000
Minimum 4.74 0.73 0.73 14.229 34.12 58.69 - 93.80 28,129
No. of Samples 8 8 8 8 8 8 - 7 7
Average 6.45 0.81 14,403 1.12 34.63 58.92 7.8 96.88 30,000
Maximum 6.98 0.84 14,459 1.15 35.27 59.60 9.0 98.80 30,000
Minimum 6.01 0.77 14,291 1.08 33.91 58.54 7.0 92.90 30,000
No. of Samples 5 5 4 4 4 5 4 4 4

Source : * Marshall Miller Report, 2021 ** Marshall Miller Associates Report, “Geological Study and Coal Reserve Base Evaluation of the Ben’s Creek Operations WV LLC Properties Mingo County, West Virginia and Pike County, Kentucky, 2017"

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