May be not a dud re there is other land on that EPC :-)Now for...

May be not a dud re there is other land on that EPC :-)

Now for some info re the RIO permit.

Coming work re 3rd Quarter report:

Cooroorah - EPC 1827

Main target area – Rangal coal measures at depth The next phase of planned exploration for EPC 1827 comprises a twelve-hole drilling program and six kilometres of seismic lines. This should provide data for the elevation of the resource status from the inferred to at least the indicated category. This exploration program has the potential to increase the resource tonnes and provide structural geological information as a precursor to mine design.

The budget to complete this work is estimated at $1.4M and the work is timed for completion over the next 12 months.

Clarence Moreton Joint Venture – AQC 10%, Blackwood Resources Pty Ltd 90%

Drill holes intersected multiple plies of coal at shallow depths. Each of the holes has been geophysically logged to determine cumulative coal thicknesses. Blackwood expects to drill a further six to eight holes in the area to generate sufficient data for a coal resource to be calculated to JORC standards.

It is anticipated that the drilling will determine whether adjacent areas to the current target area can be targeted for exploration in the 2012 drilling season.

Blackwood is intending to conduct a six hole scout drilling program at its Galilee Project, which is immediately north of EPCA1957 which is part of the Joint Venture between the two companies. It is anticipated, this drilling campaign will enable some geological interpretation on the joint venture asset. Once the exploration program is completed,
Blackwood will compile the data and if appropriate commence desktop studies to target exploration programs for the 2012 drill campaign.

Mt Hillalong EOJV Agreement – Rio Tinto Exploration Pty Ltd

Results of exploration activity carried out by Rio Tinto Exploration Pty Ltd will be reported in due course.