Ann: Trading Halt , page-10

This will be a huge positive if BTU can secure the GLL asset. The prospectus states an estimated resource of 20mil - 25mil tonnes. With BTU looking to prove up a minimum of 90mil tonnes this would be an increase resource of 27%, something the market would take note of.

With offtake agreements pending we would expect this to fund the acquisition of the new leases.

Any price weakness from the placements stock will no doubt be an opportunity for those to get set in a premium quality coking coal play.