sebuku coal resource increase

SEBUKU COAL RESOURCE INCREASE
Straits Asia Resources Limited (Straits Asia, SGX:SAR) is pleased to
announce a substantial increase in resources at the Sebuku coal mine in
South Kalimantan, Indonesia. This resource is presented in Table 1 below and
has been classified under the JORC Code.
Resources - Mt
Project Area Measured Indicated Inferred Total
Tanah Putih 41 16 - 57
Karbon Mahakam - - 6 6
Metalindo - - 28 28
Sub Total 41 16 34 91
BCS CCoW Ext 1 - 36 260 296
Total 41 52 294 387
Table 1: BCS Coal Resource Summary, as at 31 December 2007.
Total resources have increased by 276% from 103 Mt at 31 December 2006.
This increase in resources is due principally to the Northern lease (Karbon
Mahakam and Metalindo) areas which were acquired in December 2007, and
substantial resources defined in the shallow water between the Sebuku and
Laut islands. These areas are highlighted in the diagram on the next page.
Exploration drilling to further define and understand the extension of the
Sebuku resource base will continue throughout 2008.
Sebuku is currently expanding production capacity to 6 Mtpa by 2009, It is
likely that the large resource base at Sebuku could support a significantly
higher production rate. Scoping studies will be undertaken in the next 12
months to determine future possible production scenarios.
Macquarie Securities (Singapore) Pte Limited is the Sole Global Coordinator, Bookrunner and
Underwriter for, and Macquarie Securities (Asia) Pte Limited is the Issue Manager for, the Initial
Public Offering of the Company. This announcement has been prepared and released by the
Company.
DISCLAIMER
1 The information in this report that relates to Mineral Resources or Ore Reserves is based
on information compiled by Mr Peter Storey, who is a Member of the Australasian Institute
of Mining & Metallurgy
2 Mr Storey is a full-time employee of Straits Resources Limited.
3 Mr Storey has sufficient experience which is relevant to the style of mineralisation and type
of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves’. Mr Storey consents to the
inclusions in the report of the matters based on his information in the form and context in
which it appears.
4 Figures may not add up due to rounding
5 Mineral Resources are Inclusive of Ore Reserves
Sebuku
6 Modelling of coal seams is undertaken via traditional geological interpretation methods,
aided by the use of downhole geophysics to identify and correlate individual coal seam
signatures.
7 Coal seams less than 30 cm thick are not modelled or included in the coal resource as
these are considered economically un-mineable
BY ORDER OF THE BOARD
James Carter
Company Secretary
13 February 2008