6-18 billion tonnes coal, sh life change oppo, page-5

zinvestor,

You may get the 0--700m depth data from Sentry Petroleum Limited's 862,864 tenements chart (see 18,July NSL Ann), which is not the figure for NSL at all, it's another company! NSL just put the chart there to show us the local coal resource potential.

NSL's 4 EPC tenements contains " 15 coals seams from surface to 130m at an average thickness of 3-5m per seam."

"with an exploration target tonnage range of between 6 billion-18 Billion tonnes"

See below:

"The Winton Formation, within the Eromanga Basin, is the main targeted-formation over NSL’s EPC Applications 2337, 2338 which contains some 15 coals seams from surface to
130m at an average thickness of 3-5m per seam."

Plz notice 3-5m PER SEAM, not add up.

In addition,

In the annual report on 20,Oct (page 8), NSL announced 6.6 billion tonnes to 18.7 billion tonnes of SHALLOW based thermal coal.

SHALLOW BASED THERMAL COAL!

Plz see below:

"with the acquisition by NSL of promising stand-alone thermal coal exploration projects in southwest Queensland’s Eromanga Basin which have a preliminary exploration target of 6.6 billion tonnes to 18.7 billion3 tonnes of shallow based thermal coal."

Recent exploration in the Eromanga Basin by East Energy Resources Ltd (ASX: EER) has resulted in the announcement of a 1.2 Billion tonnes JORC Inferred Coal Resource.

Plz notice NSL's tenements are in the same basin with EER--Eromanga Basin.