tasmanian coal acquisition, page-9

7 February 2008
Company Announcements Office
ASX Limited, Exchange Centre,
20 Bridge Street
SYDNEY NSW 2000
TASMANIAN COAL AQUISITION
The directors of Comdek Limited (¡§Comdek¡¨) are pleased to announce the signing
of an agreement to acquire 100% of the issued capital of Energy Investments
Limited, a company that has applied for two coal projects located in Tasmania.
Highlights
„h Historical tonnes of coal of 12 to 22 million tonnes of black
(bituminous) thermal coal;
„h Comdek believes that there is potential for further significant coal
discoveries and has an initial exploration target of 100-160 million
tonnes of black (bituminous) thermal coal;
„h Properties conveniently located to rail and port infrastructure;
„h Properties previously owned by BHP Pty Co Ltd (Now BHP Billiton);
„h Complementary to South African coal acquisition.
1. Summary of Coal Asset
Energy Investments Limited (¡§EIL¡¨) has applied for the Woodbury and Latrobe Coal
Projects in Central Tasmania (¡§the Projects¡¨). The Woodbury and Latrobe Coal
Projects are favourably located thermal coal projects located close to rail and port
infrastructure.
The Woodbury Coal Project is a bituminous (black) thermal coal project located
immediately adjacent to a significantly underutilised freight railway line in the
Midland Valley of Central Tasmania. The railway line is connected to available
deepwater load out facilities which are capable of loading 40-60,000 tonne
Panamax ships and are located 80 km to the north of the Project.
The Projects were the subject of extensive evaluation by three companies including
The Broken Hill Pty. Co. Ltd (Now BHP Billiton) over a three year period between
1981 and 1983. Over that period BHP evaluated the potential of the Project to
supply the coal for a nearby thermal coal fired power station which was proposed
at Conara rail junction, North of Campbelltown. The plans to build the power
station were scrapped in 1983 in favour of an oil fired power station located near
2 of 5
Launceston, resulting in the cessation of coal exploration and evaluation activities
in the area.
The assets that are subject to acquisition are:
„h The Woodbury (Tunbridge) Coal Project ¡V ELA65/2007; and
„h The Bonnie¡¦s Tier (Latrobe) Coal Project ¡V ELA64/2007
The Woodbury Project currently has historical tonnes of coal of 12 to 22 million
(still open).