Ann: Bowen Basin Projects Drilling and Developmen, page-9

re: Ann: Bowen Basin Projects Drilling and De... Considering there are almost 300Mt of JORC resource already just in Baralaba North, South and the mine, a billion tons or more of coal in place doesn't seem unreasonable for the entire Bowen package of tenements.

But there are a few qualifiers - first, they only own 30% of Dingo so the coal net to COK in that area (which is about half the package) will be less.

Second, depth - they only JORC coal less than 200m deep. A lot of the coal in those tenements will be deeper than that.

Third, they already targeted the areas most likely to be economic so it's likely the other areas of the tenements are less prospective. Meaning thinner coal, missing coal, and/or deeper coal.

I reckon they have a good chance of getting 500Mt gross of JORC in the Bowen, though. Maybe 100Mt of Reserves would be a great result.