bowen basin

The near term focus, subject to the outcome of further drilling and feasibility studies, will be the development of the Hillalong project as a modest scale open cut operation to generate early cash flow and essentially self fund the exploration effort in the larger scale Rocklands and Richfield tenements.

Using the self funded explorer model concept, the Company is expected to be well positioned in the medium term to have a detailed resource assessment and knowledge base with which to plan for the development of large scale operations to exploit the potential underground resources. The Company believes that, should the prevailing demand for coal continue, the returns that could be generated from large scale underground operations would underpin the capital investment required, provide a growth profile for the Company and attract considerable investor interest.

I read 2nd quarter for drilling but the rain will push this back