Eagle Downs South Coking Coal Project

Drilling from the 2006 program

The Eagle Downs South Coking Coal Project ("EDS Project") is in exploration stage and is located 25km south of Moranbah in the Bowen Basin in Central Queensland. The EDS Project lies immediately down dip from BMA's Peak Downs mine and our jointly owned Eagle Downs Project is located directly north. Other projects in the region include Whitehaven's Winchester South Project, Pembroke's Olive Downs Project and Jellinbah's Lake Vermont Mine which lie on the eastern boundary of the EDS Project. The EDS Project is well serviced with supporting infrastructure with regional power lines and a water supply pipeline crossing the tenement.

Aquila Resources originally took out the underlying exploration tenements (EPC 795 and EPC 1077) in 2003 and 2004. The Mineral Development Licence ("MDL") 519 application was lodged in November 2013 and was granted in July 2014.

Exploration undertaken in 2006 confirmed the continuity of the Moranbah Coal Measure seams (HCU, HCL & Dysart seams) across the tenement. An exploration program is presently underway at the EDS Project and is expected to provide a JORC estimate late 2018.