The review has resulted in the definition of the first 25.7 million tonnes (Mt) of JORC indicated resource of coal and a 45% increase of the total JORC coal resource to 143Mt.

Recent results of an ongoing coal quality program at the deposit indicated considerable variability in yield across the deposit.

Currently, optimisation work is underway at the deposit to address beneficiation and metallurgical issues identified.

The firm is continuing drilling and test work within the 27km long project area, to investigate most likely economic targets.

The coal sequence comprises two main coal seams Leo and Aquarius seams within the Burngrove Formation.

The Leo seam achieves a maximum cumulative thickness across three plies of five meters and averages 1-2meters.

The Aquarius seam has a maximum cumulative coal thickness across five plies of 3.6 meters and averages 2.2 meters of coal over a maximum total interval of about 4.5 meters.