“Central Queensland Coal Project” consists of an open cut...

“Central Queensland Coal Project” consists of an open cut operation and rail connection to the Queensland Rail North Coast Line. The Project is a joint venture partnership between CQCPL (99%) and Fairway Coal Pty Ltd (1%).

The Project intends to mine 2.0 Mtpa of run-of-mine coal, which when processed will produce 1.5 Mtpa of semi soft coking coal. The project will initially commence operations with a 1.0 Mtpa open cut mine, eventually ramping up to 2.0 Mtpa and in later years up to 10.0 Mtpa.

Key elements of the Central Queensland Coal Project are:

• Exploration Permit for Coal 1029;
• Mineral Development License 468;
• Mining Lease application 80187 and 700022;
• JORC Coal Resources of 206 Mt;
• Coal quality, energy coal ranked up to 7350 k/cal (adb) and CSN values of 5 to 6; and
• Mine developments and infrastructure plans for staged product output.