Mina Luz (Coal)

AM Resources owns 80% of the Mina Luz property, a growing coal-producing project

The property consists of mining concession No DJU-071 covering 40 hectares. The mining title is valid for a period of 22 years from the date of registration (2002). The property lies southwest of the town of Popayan in the department of Cauca, approximately 150 km to south-southwest of the town of Cali, in the southwestern part of Colombia, municipality of Patia.

In November 2016, AM applied for a 3,595-hectare extension of the property. The extension has been granted although the authorities have not yet completed the administrative process. The extension, wholly owned by AM, is considered part of the property.

The quality of the coal in the area ranges from Bituminous High Volatile C and B to Subbituminous B (medium quality). This type of coal is mainly used to generate electricity in Colombia.