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Aust-Pac Capital Pty Ltd - initial advice statement

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Utah Development Company (UDC), BHP Australia and Bathurst Coal and Power Limited (BPCL) conducted extensive geotechnical investigations across the resource (then known as EPC 463) in the 1970s, 1980s and the 1990s. Exploration conducted by UDC identified a potentially economic seam of low in-situ coking coal at a depth of approximately 250 metres.

An indicated resource of over 50 million tonnes was identified. The aim of the proposed 2011 exploration program is to increase the level of geological confidence to a JORC Indicated status providing investors with more confidence in the viability of the Project.

The JORC code is a process for reporting of resources and reserves which sets out the minimum standards required for the public reporting of a company’s mineral deposits.

Current activity on Kalpowar Station is limited to recreational fishing by the local community members and seasonal visitors and to ongoing capture and slaughter of free-roaming cattle. The continuation of such activity will not be impacted by the proposed Wongai Project.

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