Coal Mining Strategy

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• Large tonnage targets with underground mining potential identified
• Modest opencast coal deposits are also expected
• Underground mining at shallower depths
  • Initial drilling shows that Macalister Upper seam is continuous with thickness varying between 2.5m and 4.5m at depths from 120m to 400m
  • Continuity and thickness of the Macalister Upper seam makes it very attractive for longwall mining.
  • "Bord & Pillar" or "Shortwall" mining opportunities will be possible in some areas
  • Coal industry is trialing innovative mining techniques
• Identify joint venture partners to explore for and develop economic mining opportunities

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