Eagle Downs Hard Coking Coal Tables

Resource and Reserves

Eagle Downs Resource Statement

The Eagle Downs Project area contains a JORC Resource of 1122Mt of which 750Mt are classified as Measured and a further 139Mt are classified as Indicated.

Seam Measured Mt Indicated Mt Total Measured & Indicated Mt Inferred Mt Total Measured Indicated & Inferred Mt
Q 74 18 92 34 127
HCU 148 17 165 46 211
HUC - "pci" 3 12 15 2 16
HCL 316 36 352 94 446
HCL – "pci" 7 21 29 3 31
DY 134 10 144 35 179
DY – "pci" 68 24 92 19 112
Total 750 139 888 233 1122

Contained within this Resource is a JORC Reserve of 254Mt as detailed below:

Eagle Downs Reserves Statement

Seam Proved Mt Probable Mt Total Mt
Harrow Creek Upper Seam 60.1 13.5 73.6
Harrow Creek Lower Seam 91.1 21.9 113.0
Dysart Seam 55.4 12.1 67.5
Total 206.6 47.5 254.1

The information above that relates to the Eagle Downs Coal Resource Statement is based on information compiled by Mr Mal Blaik who is a member of the Australasian Institute of Mining and Metallurgy. Mr Blaik has over 30 years experience in geology and over 20 years experience in coal resource evaluation. Mr Blaik is a Principal Consultant of JB Mining Services Pty Ltd. Mr Blaik is a qualified geologist (BSc App Geol (Hons) University of QLD, 1979) and is a member of Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC 2004 Code”). Mr Blaik consents to the inclusion of the matters based on his information in the form in which it appears. Resources are quoted in compliance with the JORC 2004 Code.

The information above relates to Eagle Downs Coal Reserves, is based on information reviewed by Mr Jack Steenekamp, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Steenekamp has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC 2004 Code”). Mr Steenekamp is a full time employee of Mining Consultancy Services (Australia) Pty Ltd and holds the position of Managing Director. Mr Steenekamp has consented to the inclusion of the matters relating to Coal Reserves based on the information he has reviewed, in the form in which it appears. Reserves are quoted in compliance with the JORC 2004 Code.