Investor Presentaiton
Comet Project
32
Q
The Comet Project contains one exploration permit (EPCA 1976) which is a competing application.
Based on information relating to boreholes within EPCA 1976 and from the adjacent tenements, the coal seams of
the Rangal Coal Measures, the Burngrove Formation and the Fair Hill Formation occur at depth.
The coal seams of the Rangal Coal Measures, and in particular the Aries seam, will be the main target for any
exploration drilling conducted within EPCA 1976, which may be conducive to underground extraction methods.
The borehole DME Denison 55 shows that the Aries 2 seam is present within EPCA1976 and has a thickness of
approximately 2 metres, similar to the thickness of the seam at the Yamala Underground Project adjacent to the
north.
Based on the depths to the Aries 2 seam in the borehole DME Denison 55, the depth of the seam is likely to occur
between 300-400 metres throughout the tenement
Similar to Yamala, the Aries 2 seam has potential for underground extraction to produce an export grade thermal
coal, although more exploration is required to confirm seam depth, thickness continuity, quality and structure.
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