The Company’s Blackall Project is located approximately 130 km south-west of the Alpha area coal projects. When considered in the context of neighbouring coal projects to the south of the Company’s tenements, a major new coal province has emerged in the Blackall Region. In this respect, the Company is ideally placed at the forefront of this new coal province.
The Blackall Project has access to an existing rail corridor and is in relatively close proximity to the existing Central Rail Line to Emerald and Gladstone and the proposed Galilee Rail infrastructure planned to connect to Abbot Point.
The Company announced on 20 June 2012 to the ASX (“Maiden Resource – 1.3 Billion Tonnes”) its maiden Inferred Coal Resource of 1.3 billion tonnes reported in accordance with the JORC code for the Blackall Project. **