high quality coal stock flying under hc radar

High quality coking coal project, and this does not even include the thermal prospects:

• A 50 - 70 million tonne (Mt) Exploration Target.

• 40-50Mt of this target is at a depth of less than 100m, with 10-20Mt from 100m to 150m has been identified through basin-wide modelling of archived drilling information within EPCs 923 and 1082 - the Maryborough Hard Coking Coal Project.

• This target is in addition to the 5Mt Inferred Resource of Hard Coking Coal announced in July 2009.

• Revised planning for the development of the Colton 0.5Mtpa hard coking coal mine in calendar 2010, with first cash flow targeted in FY2011.

• A Mining Lease Application to be made in the next quarter.

• Large diameter core and an open hole drilling programme is underway to provide further resource definition, coal quality and washability information and verification of historical data.