Allegiance entered into an agreement to acquire the Short Creek Underground Mine (Mine) from Drummond Coal. The acquisition will compete upon the transfer of coal leases and mine permits.
The Mine comprises a wash plant shell, a barge loadout, and all materials handling including ROM and clean coal belts and stackers. Allegiance has commissioned a JORC resource statement in relation to the Mine which currently comprises an exploration target of 168 million tons of steel making coal.
The Mine coal quality is exceptional comprising a mid-vol version of the Mary Lee and Blue Creek seams with a pilot oven tested CSR of 69%, amongst the best in the US and globally.