Blackall Coal Project

Blackall Coal Project

The Blackall Coal Project is located near the township of Blackall in central Queensland, and approximately 130 km south-west of the Alpha area coal projects in the Galilee Basin. 

The Inverness Deposit located in EPC 1993 is situated within a broad synclinal structure trending north-northwest throughout the 25 kilometre length of the deposit. The coal seams are relative flat-lying and the upper seams sub-crop locally, controlled by the gentle structure.

Over 800Mt of the resources were estimated at less than 50 metres depth.

The project is comprised by EPCs 1993 and 1719 located to the south-east of Blackall (Figure 1).

On 27 February 2024 AustChina announced an upgrade to its Resource Statement with the additional data obtained during the 2023 drilling programme being incorporated into the resource model (ASX: AUH “27 February 2024 “Coal Resources Upgrade for the  Blackall Coal Project”).

The assessment incorporated material results from the geological and analytical data generated from the drilling programme.

The upgraded Resource statement reflects that the in-fill drilling in 2023 has provided the appropriate level in geological certainty to nearly double the Indicated coal resource to 55 million tonnes.**  Table 1 provides the updated Summary Coal Resources for the Blackall Coal Project (EPCs 1719 and 1993).

      Figure 1: Coal Exploration Portfolio in Queensland 30th June 2024

Table 1: Summary of Coal Resources for the Blackall Coal Project (EPCs 1719 and 1993)

** Competent Person Statement

I, Rowan Johnson confirm that I am the Competent Person for the Competent Person Report from which the information relating to the Blackall Coal Project to be publicly released has been obtained and also confirm that: 

  • I have read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition), the 2014 Edition of the Australian Guidelines for the Estimation and Classification of Coal Resources and the relevant sections of Chapter 5 and Guidance Note 31 from the ASX Listing Rules.
  • I am a Competent Person as defined by the JORC Code 2012 Edition, having 39 years of experience that is relevant to the coal types, quality and potential mining method(s) of the deposit(s) described in the Report. In addition, I have 25 years of experience in the estimation, assessment and evaluation of Coal Resources, the activity for which I am accepting responsibility.
  •  I am a Member of The Australasian Institute of Mining and Metallurgy.
  • I have reviewed the Report or Excerpt from the Report to which this Consent Statement applies.
  • I am a consultant working for McElroy Bryan Geological Services and have been engaged by AustChina Holdings Limited to prepare the documentation for the Blackall Coal Project – Inverness Deposit on which the Report is based.

In addition:

  • I have disclosed to AustChina Holdings Limited the full nature of the relationship between myself and the Company, including any issues that could be perceived by investors as a conflict of interest.
  • I verify that the Report is based on and fairly and accurately reflects in the form and context in which it appears, the information in my supporting documentation relating to Coal Resources.
  • I consent to the release of the Report and this Consent Statement by the Directors of AustChina Holdings Limited.

The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original report.