Investor Presentaiton

• Hughenden Project The Hughenden Project contains an estimated 18,000 square kilometres of exploration permits for coal with an estimated 6,000 square kilometres granted. • • • Target large export thermal coal resource with open cut, underground mining potential as well as underground coal gasification potential. Located in close proximity to infrastructure with the Mt Isa to Townsville rail line running across the project area and leading to the Townsville Port and Abbot Point Port. There are two coal bearing stratigraphic horizons within the Hughenden Project area which are the primary exploration targets: - Permian aged Betts Creek Beds of the Galilee Basin; - Jurassic aged Blantyre Beds (Injune Creek Group) of the Eromanga Basin; The Permian coal seams of the Betts Creek Beds have a known sub-crop line along the north-eastern edge of the Hughenden Project exploration area along strike with EPC1250 and EPC1641. The Queensland Geological Survey cored drill hole, GSQ Hughenden 6 is located adjacent to EPC1477 and recorded coal intersections of approximately 7 metres net across four separate seams of the Betts Creek Beds at a vertical depth of 200 metre - 300 metre. The Hughenden Project has in the order of 220km of cumulative interpreted strike extensions of the coal bearing Galilee Basin. This compares favourably with the combined total of 250km of strike extensions across the other major Galilee Basin Projects which include: - Linc Energy - Galilee Project, - Hancock Coal - Kevin's Corner Project, - Waratah - North Alpha Projects, - Bandanna - South Galilee Project These other major Galilee Basin Projects collectively contain a reported 22 billion tonnes of inferred resource. 16 Guildford Coal

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