The South Gobi project comprising of five exploration licenses, is located 60km from the Chinese border station town of Ceke.
Guildford Coal has filed mining license applications for EL13780X and EL5262X, and expects the licenses to be granted before the end of 2011.
The maiden resource comprises 38.2 million tonnes in the indicated category and 24.9 million tonnes in the inferred category.
The company is also in the process of completing scoping studies for the start-up operation with mining to commence from the North Pit, EL13780X by the second quarter of 2012.
Drilling will continue on the other key tenements in the South Gobi Project to define a JORC Resource for the Central, West and East Pits.
