Washpool Hard Coking Coal Project Reserve and Resource Tables

Resources and Reserves

2011 Washpool Resource Statement

The project area contains an estimated JORC Resource of 196.7Mt.

  Total (Mt)
Measured 124.9
Indicated 9.7
Inferred 62.1
Total 196.7

Note: Washpool Hard Coking Coal Resource Estimate issued July 2011.

2010 Washpool Reserve Statement

The project area contains an estimated JORC Reserve of 108.3Mt.

  Total (Mt)
Proved 94.7
Probable 13.5
Total 108.3

Note: Washpool Hard Coking Coal Reserve Estimate issued May 2010.

The information above that relates to the Washpool Resource Statement was prepared under the supervision of Mr Brent E Green who is a member of the Australian Institute of Geoscientists and a former full-time employee of Aquila Resources Limited. Mr Green 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 Competent Persons as defined in the 2004 Edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC 2004 Code"). Mr Green consents to the inclusion of the matters based on the information in the form and context in which it appears. Reserves are quoted in compliance with the JORC 2004 Code.

The information above that relates to the Washpool Reserves Statement was prepared by Mr Ross Haupt who is a director of Xenith Consulting Pty Ltd. He holds a Bachelor Degree in Mining Engineering from the University of Queensland with over 25 years’ experience in the open cut coal mining industry and substantial experience in mining operations. Ross Haupt is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC 2004 Code. Mr Haupt consents to the inclusion of the matters based on the information in the form and context in which it appears. Reserves are quoted in compliance with the JORC 2004 Code.