Interesting locationWhite Energy’s wholly owned subsidiary,...

Interesting location

White Energy’s wholly owned subsidiary, South Australian Coal Limited (SAC) holds the exploration rights to a large sub-bituminous coal deposit located in Northern South Australia (EL4534).
The SAC Exploration Area is located about 765 kilometres north of Adelaide and 70 kilometres south west of the township of Coober Pedy. The SAC Exploration is approximately 1,367 square kilometres and it contains the Lake Phillipson coal deposit. The coal located within the Lake Phillipson coal deposit can be classified as sub-bituminous coal.
The SAC Exploration Area is also thought to be prospective for minerals and is located in a world class mineral province with Challenger Gold Mine 90 kilometres north east, Prominent Hill 210 kilometres west and Olympic Dam 280 kilometres to the north west. Preliminary exploration activity has delineated potential for copper, gold, lead, zinc, uranium and iron ore.
Overall Coal Exploration Target

Based on exploration activity carried out by the Company in the 2010 and 2011 drilling programs, and previous coal exploration work undertaken at the site, SAC's Lake Phillipson deposit has the potential to host a coal exploration target in the range of 4 to 4.5 billion tonnes. The previous coal exploration target estimate at Lake Phillipson was completed by Utah Development in 1982. The current estimates are around 90% of the Utah Development estimate.