Montem Resources continues development plans for Category-4 projects not affected by Alberta Government coal decision

Montem Resources Ltd (ASX:MR1) is continuing its development plans for two coal projects in Alberta that remain unaffected by a recent provincial government decision to halt all exploration activities on Alberta 1976 Coal Development Policy Category-2 lands. This government decision will be in force while it completes a public consultation process for development of a new Coal Policy. However, as Montem’s Tent Mountain Mine and Chinook Project are on Category-4 lands, its activities remain unaffected by the decision. Support for Government decision Montem said it supported the government’s process to devise an updated coal policy for Alberta which includes a public consultation period, and it will continue to stay involved in the consultation. An independent committee undertaking public consultation will report to the Alberta Government by November 15. Montem managing director and CEO Peter Doyle has previously said: “We support the process the Government is undertaking to devise an updated coal policy for Alberta and look forward to participating in the consultation process and providing our input on responsible steelmaking coal project development in Alberta. “We are seeking to restart operations at the Tent Mountain Mine and to continue exploration at the Chinook Project in the area surrounding the historic Vicary mine. “These are strong assets on previously disturbed lands with the potential for long-life, low cost, hard coking coal production.”