Ann: Mantle Investor Presentation , page-10

when i spoke to IK he said the owners of maddingly ,the callejas,are very keen to commercialise their brown coal deposit,and were only too happy to give mnm the brown coal samples that were succesfully tested at exergens pilot plant at beaconsfield.he said the maddingly deposit is a stranded resourse,as mnm now has all the ground surrounding it,and that exergens technology is the only stand alone technology that can be applied to dry this coal.ESIs tech is no good for this deposit as it requires waste heat from a powerstation(of which there are non at BM),therefore if the callejas want to commercialise the maddingly deposit,looks like exergen tech is the way forward.also,expect the binding jv announcement before the drilling program is announced,as the drilling is dependand on the jv being concluded,which it will be very very soon.Everything is moving forward nicely,and very excited about mt mull resolution shortly!That will be huge!