Ann: High Quality Coking Coal Properties Confirme, page-2

re: Ann: High Quality Coking Coal Properties ... what a great announcement;


"HIGH QUALITY COKING COAL PROPERTIES CONFIRMED

- Initial raw coal quality tests confirm presence of high quality coking coal properties
likely to be enhanced by coal washing
- These raw coking coal properties are likely to be highly sought after by Chinese
steel mills
- Large number of coal samples still to be calibrated with further results to be
released to the market over coming week

BTE‐2 Results of Analysis
Energy - kcal/kg (db) 6,567
Energy - kcal/kg (daf) 7,530
Total Moisture (ar) 4.5%
Ash (ar) 12.2%
Sulphur (ar) 0.91%
CSN 3
Carbon(db) 67.3%
Vitrinite (by volume) 90.1%

The Company has started planning an extensive exploration program on the Ovorhangay licences which it intends to commence immediately upon signing the sale and purchase agreement."