Investor Presentaiton

For personal use only Aquila Resources COMPETENCY STATEMENTS (1) The information in this presentation that relates to the Eagle Downs Resource Statement has been based on information compiled by Mr Mal Blaik who is a member of the Australasian Institute of Mining and Metallurgy. Mr Blaik has over 30 years experience in geology and over 20 years experience in coal resource evaluation. Mr Blaik is a Principal Consultant of JB Mining Services Pty Ltd. Mr Blaik is a qualified geologist (BSC App Geol (Hons) University of QLD, 1979) and is a member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code. Mr Blaik consent to the inclusion in the presentation of the matters based on their information in the form and context in which it appears. (2) The information in this presentation that relates to Eagle Downs Coal Reserves, is based on information reviewed by Mr J Steenekamp, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Steenekamp 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 JORC Code. Mr Steenekamp is a full time employee of Mining Consultancy Services (Australia) Pty Ltd and holds the position of Managing Director. Mr Steenekamp has consented to the inclusion in the presentation of the matters relating to Coal Reserves based on the information he has reviewed, in the form and context in which it appears. The information in this presentation that relates to the Isaac Plains Resource Statement has been compiled by Mr Mal Blaik. Mr Blaik is a Principal Consultant of JB Mining Services Pty Ltd. Mr Blaik is a qualified geologist (BSc App Geol (Hons) University of Queensland, 1979) with over 20 years experience in coal geology and over 15 years experience in resource evaluation. Mr Blaik is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC code. The Resource Statement has been prepared under the guidelines of the December 2004 edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code). Neither Mr Blaik nor JB Mining Services Pty Ltd (JBMS) have any material interest or entitlement, direct or indirect, in the securities of Bowen Central Coal or any companies associated with Bowen Central Coal. Fees for the preparation of this report are on a time and materials basis. The information in this presentation that relates to the Isaac Plains Reserves Estimate has been prepared by Mr Mark Bowater. The estimates of Coal Reserves for Isaac Plains North (ML 70342) and Isaac Plains South (MLa 70361) have been carried out in accordance with the 2004 edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (The JORC Code). Mr Bowater is the Director of Echelon Mining Services. Mr Bowater has a Bachelor in Civil Engineering from Queensland University of Technology and a Bachelor in Business from University of South Queensland. Mr Bowater has over 20 years experience in the open cut mining industry, including 18 years in Queensland coal. Mr Bowater has substantial experience in mining operations financial evaluations, including previously conducted reserves statements. Mr Bowater is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code. Neither Mr Bowater or Echelon Mining Services have any material interest or entitlement, direct or indirect, in the securities of Bowen Central Coal or any associated companies. Fees for the preparation of this report are on a time and materials basis. 224

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