Coalspur completed a Bankable Feasibility Study ("BFS") on the Vista Coal Project in January 2012. The BFS study defined an initial marketable reserve of over 313 million tonnes from a recoverable reserve of 566 million tonnes which makes it one of the largest undeveloped export orientated thermal coal projects in North America.
The BFS follows a Pre-Feasibility Study which was completed in December 2010 and is the final major technical study that will be completed prior to the start of construction on Vista. The BFS was undertaken by Snowden Mining Industry Consultants Inc. and a number of internationally recognized coal industry engineering firms. The BFS defined a 30 year mine life producing approximately 11.2 million tonnes per annum (“Mtpa”) of marketable clean coal from the processing of approximately 20.4Mtpa of run of mine coal on Vista, after ramp-up to full production.
The complete BFS can be found in the Announcements section within the two files titled "Feasibility Study on the Vista Coal Project - Part 1" and "Feasibility Study on the Vista Coal Project - Part 2".