The significance of this announcement seems to have been lost on...

The significance of this announcement seems to have been lost on most. Newland Resources (NRL) Commet Ridge project lies next door to our Churchyard Block. Back in March they announced significant intersections of a multi seam package of coal up to 14m thick at shallow depths from 15-120m with potential coking coal qualities.This was in the Fairhill formation. Yesterday we announced up to 30m of identified coal seams up to 100m depth in the Fairhill formation with coking coal potential. We also have the deeper German Creek targets. NRL also had an exploration target of up to 250m tonnes and I am not sure what the potential of AQC's tonnage would be at this stage but considering it is a 31km2 tennemant it could be equally significant. NRL rached 18.5c back in March on the back of this news which gave them a market cap of over $170m at its peak vs AQC currently at $15m so this EPC could add multiples of current share price to our valuation if it proves up. This current price of AQC gives no value to our 107m JORC resource at EPC 1827 which conservatively at 50cper tonne should be valued at $50m, our RIO JV which could be worth ?? and our Dingo prospect right next door to Bandannas Digo West mine development plus some 30 other EPC's yet to be evaluated. CRAZY!!