EER has a JORC Resource of 1.74Bt of Thermal Coal (627.5Mt Indicated and 1113Mt Inferred) located south west of the major deposits of Hancock Coal and Waratah Coal in the Galilee Basin. The recent purchase of Idalia Coal has added a further 440Mt of Inferred Coal Resources and a drill defined Exploration Target of 4.0Bt to 4.5Bt to the Group’s asset base. Collectively the combination of East Energy and Idalia tenements provide for an exploration target of over 6 billions tonnes of open cut mineable thermal coal.
East Energy holds coal exploration permit, EPC 1149, which is located approximately 65km south of the township of Blackall, in Central Queensland. The tenements acquired upon the recent purchase of Idalia Coal in May 2013 are located adjacent to EPC 1149, specifically with EPC 1398 and 1399 located south and north of EPC 1149, respectively.
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