The Talwood Coking Coal Project (“Talwood”) is located approximately 35km north of Moranbah in the Bowen Basin in central Queensland. The tenement is adjacent to, immediately east of and down dip from the BMA Goonyella Riverside and Peabody North Goonyella mining operations. The resource is located on Mining Development Licence ("MDL") 518 which covers approximately 35 square kilometres.
There has been extensive exploration undertaken predominantly on the target Rangal Measures. The Project is in early stage studies with the Concept Study completed in 2011. The studies contemplated a small open cut mine which would allow access to the underground resource.