$SUBB Lota Bay is located in the Gulf of Arauco, in the Municipality of Lota, Concepcion Province, Chile, South America. The project is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline of the bay, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The concession is under exclusive option to Suburban Minerals, which has the right to acquire 100% of the project.