Ann: Annual Financial Report Year Ended 30 June 2, page-2

re: Ann: Annual Financial Report Year Ended 3...
Moiyabana Coal Project

At the date of this report, Hodges had completed 37 holes with another 10 still to drill in the initial phase. The resource drilling continues to intersect thick, near surface coal seams at open pit mineable depths. The drilling has also confirmed coal seam distribution and continuity over considerable distances. First assay results are due in October 2011.


Looking on target as per report