The Jorc report of China Stone Project from AMC shows a great quantity coal resource in EPC987

2011/6/7 13:29:00

AMC Consultants Pty Ltd (AMC) was engaged by MacMines Austasia Pty Ltd (MMA) to estimate and report coal resources in accordance with the JORC Code based on the results of drilling programs conducted in 2008 and 2010 within the southern part of the China Stone Exploration Permit for Coal (EPC 987). This statement documents the coal resource estimate as at 2 June 2011, and incorporates all known exploration and evaluation work completed to date.

Coal Resources of China Stone Project are now stated as 3.75 Bt, comprising 286 Mt Indicated Coal Resources and 3.5 Bt Inferred Coal Resources, of which 800 Mt is assigned as Open Pit Coal Resources. And the estimation coal resources of whole area including northern and southern bloks would be around 9.8 Bt.

The coal is classified as Sub-Bituminous, Medium Rank B.. Coal seams considered for resource estimation subcrop against the limit of oxidation along a north-south trending strike length of approximately 20 km. The seams dip towards the southwest at approximately.

Macmines Austasia Pty Ltd was registered and established in Queensland, Australia in July 1999. Since its establishment, the company has been focusing on geological exploration and mining business in Queensland.