Investor Presentaiton

PRIORITY PROJECTS 13 SIERRA • Hard coking coal target in Fair Hill, Burngrove and Crocker Formations of Bowen Basin Open Cut resource target Close to rail and ready access to port • Stanmore - McKenzie River Project adjoins to the north with exploration target 110 Mt – 170Mt - Aquila - Washpool Project further to north east with 185.5Mt JORC Inferred, Indicated and Measured Resource in similar formations One drill operating by end of 2010 Guildford Coal

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