in completion of signing of Springsure, humanis aquires 49% of...

in completion of signing of Springsure, humanis aquires 49% of their coal tennaments, which are as follows;

Coal Quality
Coal quality is detailed below, presenting data from the main target seam, A2 for four core holes. All resource estimates contained within refers solely to the Aries 2 Seam (Seam A2).

Resolve Geo has estimated an inferred resource within the three target areas in EPC 891 totaling 239 MT of bituminous coal. An indicated resource of 17.53 MT of bituminous coal amenable to underground mining methods for the Moorooloo area is presented here. The Springsure Creek exploration lease is also targeting a large tonnage of coal in the continuous Aries 2 Seam, outside of the current inferred resource areas. Resolve Geo believes this tonnage to be between 417MT and 600MT (inclusive of inferred resources). This figure is proximate only, though data, including bore hole and seismic information within the exploration lease points to a continuous A2 seam, averaging 3.09m in thickness, mineable with underground methods, underlying an area of at least 97.8 Km2 to 140.8 Km2. Details are contained below, Resource estimates, EPC 891, Springsure Creek.


Humanis is about to sign a major aquisition.