STRYTON MINE # 1 Sebastian County, Arkansas November 2015 1
EXECUTIVE SUMMARY -1 • Stryton Mineral Resources LLC in early 2014 entered into a 10 year mining rights lease with two additional 10 year terms at it’s sole option, totaling 30 Years • High grade Metallurgical Coal reserves of over 23 million tons are available on 2900 Acres of private leased land of one family and 160 acres of another. • All necessary mining and environmental permits which took over 18 months to obtain have been obtained and a bond for $ 970,000 has been posted with the Arkansas Mining Department. • The company Stryton Minerals & Resources LLC has been capitalised by an investment and promoter loan of close to $ 6.5 million. • All the prep work for the project including civil, electrical and environmental work has been completed and excavation of coal has started. • The MET coal being mined is one the best quality coals to be found in North America. • Sales of the coal started by shipping to a local converter in Feruary 2016 unwashed coal. The wash plant will be operational by June 2016. • There will be two contractors doing the mining. The first contractor will primarily be involved in removing the soil extracting the intial coal and the second contractor who will bring in a highwall machine to excavate the coal at a high production level. Till the highwall miner starts producing which will be in February/March the first contractor prepares the location and starts doing the initial production. 2
MINING CONTRACTS • The mining contract started with one contractor(M&R Debris) who has completed all the preparation work for the land including the roads, the drainage, the water discharge, the area for overburden and soil and finally the facing up of the seams of coal. • This contractor will continue to produce coal initially till the contractor with the highwall equipment comes in. The highwall contractor will be a subcontract to M&R Debris wherein the two will work together. The first will be responsible for soil removal and seam face up and the highwall contractor will remove the coal. 3
Leadership Board of Managers MEMBERSHIP of STRYTON MINERAL RESOUCES LLC Terradev NR LLC Aarin Energy LLC Dansa Holding LLC Atul Goyal Sanjiv Sagar Deepak Lalwani Board of Managers Executive Team Edward Anderson Deepak Lalwani Atul Goyal Sanjiv Sagar Head Engineering and President CEO CFO/CMO Project Management 4
Executive Team Atul Goyal (CEO) : A results-oriented entrepreneur with 30 years of hands-on business experience as a senior executive in the verticals of textiles and minerals with exposure to international trade and finance. He is well-networked with buyers of natural resources worldwide and has spent the past three years consulting in export-import and financing of commodities. He is currently also the CEO of the entity. By utilizing excess capacity of miners and engineers in the region and adopting modern mining methods that are more economical, Atul has designed a typically capital-intensive project, to become low investment and more profitable. He has been able to bring a difficult project in terms of permits and licensing to a stage wherein it is now ready to produce. His experience includes: • Sarju International Ltd (director) : He was responsible for setting up the business developing the vendors. Managing design production and sales of a garments business including interacting and concluding with large international clients. This became a very large garment enterprise in India. • Country Cousins Clothing, Inc. - New York (President) : Set up the garments business in the US. Managed the import, sales and distribution to national wholesale clients. Was responsible for Coordinating and production of all Fashion lines for the company, responsible for negotiating credit lines with financial institutions and responsible for setting up of entire US office infrastructure and creation of internal financials models. • Gordon & Ferguson, Inc. – New York (CEO) : managed all facets of the business. Managed 30 employees, sales and distribution over $ 25 Million. • Aarin Group LLC – New York (Director) : As an M&A and advisory firm was responsible for all legal and advisory matters relating to the project from introduction to closing. Involved in bringing deal sizes from $10million - $ 150 million to the firm. Working closely on deals with Greenlight Capital 5
Executive Team Sanjeev Sagar (CFO) : He an aluminous of IIT Delhi. A senior level executive with 30 years of experience in finance, project management and implementation. He has a special focus currently in mining and oil-and-gas industries. He has frequently supported new companies in their growth trajectory. He is also well networked in India and elsewhere in the Coal trade and finance. His experience includes: • Being on the board of Oriental Quarries and Mines Pvt Ltd: this started as a new entity in the aggregate mining and processing business with some investors and today it is a profitable entity with a revenue of $ 15 million in India. • Being on the board of AvH Resources India Pvt Ltd ( part of a large European group Ackermans & van Haaren) which is substantially invested in a listed Cement company – Sagar Cements in India. He has supported the entity in its growth and transactions over the years. Has supported AvH in all its investments in India. • Director in Ace Global Consulting with a focus on advising clients on growth strategies, transactions for fund raising, exit and acquisition. Project management and implementation support • Senior executive at Ernst & Young : He has had two stints at Ernst & Young and in the last stint he was responsible for the business advisory practice in New Delhi. He managed a team of 20 people • Director & Partner at Protech India Ltd: Was responsible for creating during the early years of India opening up one of the most successful consulting and project implementation firms in India (in the business of joint ventures, collaborations and technology transfer). Supported a number of international entities to implement successful projects in India in various different industry sectors. He managed a consulting team of 30 people • He has been involved in implementation of the Coal Mining Project and has helped raise the initial capital for the project. He is currently supporting Stryton Minerals and Resources on the finance and marketing efforts. The projections of income and expenses are based on the principals’ experience in operating mines and knowledge of export-import of commodities. Ned Anderson (Chief Engineer) : A civil engineer with over 30 years of experience in various engineering and mining projects. He has also been instrumental in jump-starting operations for mines in the region and is leading the effort at Stryton by bringing Brixey Engineering on board and managing them. 6
Executive Team Deepak Lalwani : Based on his extensive entrepreneurial experience, Deepak has created uniquely affordable business models with a very low risk. Deepak has now become the major investor and operating member of the company. His experience of running businesses which are profitable and keeping a handle on the costs brings a lot of value to the project. Some of his successful ventures include: • World Wide Granites Pvt Ltd (CEO): Implementing and running a project in granite quarrying and factory for polishing and cutting. Developed and executed a business plan which made owning a factory redundant yet multiplied sources of supply of finished Granite for Export. Did Contracts with Factories for export and effective capacity utilization, materials management, manpower, and cost control. • Hebal Constructions Pvt Ltd (MD) : Conceptualized and implemented residential and construction projects successfully. Supervised conceived, constructed, and developed both a residential and a commercial project at lowest costs with high standards, both of which went on to become Landmarks in the city existing to this date. • Hebal Finance Pvt Ltd (MD) : Bill discounting and financing of high net worth companies. Responsible for growth of turnover to excess of US $ 8 Million in 1996 with access to a capital reserves base exceeding US $ 20 million • KRIPPA LLC (CEO) : Manufacture, import, distribution and international sales of watches and electronics. Made it a profitable venture by creating new product lines and items. Developed hundreds of profitable products, created unique solutions which resulted in average profits of fifty to hundred thousand per annum per product with total revenue from 3 – 7 million per annum. Designed in house and manufactured overseas items in demand for Import. Diversifying into internet marketing and higher end product lines • 4328 Colden St LLC(CEO) : Identified prime location in NY, negotiated and purchased land, demolished existing structure. Completed construction of ready to move in apartments with all amenities targeted at middle class residents providing “Luxury for Less”. Entire project completed and rented out with property tax abatement for fifteen years, resulting in positive cash flow and a secure investment 7
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