Increase of 1.211 Billion tonnes of coal to theResource...

Increase of 1.211 Billion tonnes of coal to the
Resource Statement for the Belvedere Coal Project
to 3.866 Billion tonnes


Aquila Resources Limited (“Aquila” or “the Company”) is pleased to announce a significant
increase to the resource statement for the Belvedere Coal Project (“Belvedere”), in which the
Company has a 24.5% interest.
SRK Consulting was commissioned to provide an independent evaluation of the Coal Resources of
the Belvedere Coal Project.
The purpose of the evaluation was to provide:
• An objective assessment of the Coal Resources in accordance with the
Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves (JORC Code), 2004, for public reporting;
• A qualification of the potential utilisation of the Coal Resources within the mining
leases considering all aspects affecting the recovery of the in-situ Resources. The
benchmark for this estimation is the Australian Guidelines for Estimating and
Reporting of Inventory Coal, Coal Resources and Coal Reserves, 2003
The total Indicated and Inferred Resources for Belvedere is 3,866 Mt, including 1,526 Mt of
Indicated Resources. This represents an increase of 1,211Mt of coal from the initial
Resource statement which the Company reported in June 2005.