INITIAL EXPLORATION PROGRAM COMPLETE ▪ Total net coal thickness at Snow Leopard–03R (SL-03R) increased by 25% to 175 metres (previously reported as 140m) ▪ Further deepening of SL-03R resulted in a total of 102 metres of gassy coal being intersected within the lower coal seam between 455 metres and 558 metres depth ▪ Geophysical logging confirmed 73 metres of gassy coal in the upper coal seam in SL-03R, with preliminary results indicating both upper and lower seams containing high gas contents ▪ Snow Leopard–05 re-spudded (SL-05R) after encountering difficult drilling conditions, currently at depth of approximately 320 metres ▪ Independent Contingent Resource assessment underway with Netherland, Sewell & Associates, Inc. (NSAI) following completion of the initial drilling program ▪InitialfourwellprogramcompletedunderTalonEnergyLimited(ASX:TPD)farmout agreement, commencing TPD’s 90-day election period
TMK Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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