16 July 2008 Pan Australasian Coal Limited 1st Floor 35 Outram Street West Perth WA 6005

49 Ord Street West Perth 6005, Western Australia P O Box 1923, West Perth 6872, Western Australia Tel: +61 8 9226 3606 Fax: +61 8 9226 3607 www.ravensgate.com.au

Dear Sirs I refer to the attached Independent Resource Model Assessment and Review of the Pt. Agung Bara Prima Coal Exploration Concession. This study uses information generated during the initial drilling carried out on the concession during the period August-November 2007. At your request, Corvidae Pty Ltd as Trustee for Ravensgate Unit Trust (trading as and hereinafter referred to as Ravensgate) has prepared an Independent Resource Review and Resource Modelling Report as part of the overall Coal Project Development program associated with the Pt ABT Coal Project located with the Central Kalimantan Region of Indonesia. A comprehensive set of first pass resource models are required to assess the overall Coal resource potential for the Pt. Agung Bara Prima areas. This initial modelling was also aimed at providing further descriptive information with respect to helping assess the modifying factors that may affect resource estimation and reporting and which may ultimately influence the final reported reserves base. Various exploration and drilling programs have been carried out over the main project areas with most of the work undertaken since (Date mm/dd/yy). Most of the sampling and drilling carried out during these programs was carried out comprehensively and according to best local industry practice which included some attention to sampling and laboratory QA/QC procedures. All of the assaying carried out for the project was carried out by accredited assay laboratories. All of the drilling, sampling, metallurgical testing and associated resource development work carried out for the four main project areas was primarily directed towards defining accurately the location, limits and thus estimated volumes of all the Coal measures within the main project area. This then allowed for the realistic determination of the total approximate amount of contained Coal and approximate coal qualities within the different project areas. The interim reporting of Mineralised Resources according to the JORC code for the main resource area has only been considered in the context of the contained Coal as this is the main economic material being sought. Nominally all outcrop and logged drill-hole identified seam intervals were used to define the main coal measures. This was done so in consideration of an assumption that potentially large proportion of this identifiable mineralisation could be economically exploitable since it is at or near surface and therefore would satisfy the Resources reporting requirements as outlined in the JORC Code (Dec 2004). Ravensgate has helped prepare and undertaken an independent evaluation of data related to the QA / QC procedures used during the drilling and sample collection phases carried out within the overall Pt ABT Coal Project study areas. Notwithstanding this some additional brief comments or clarifications have been made where necessary in this report regarding the treatment of data used for modelling. Where possible all additional details or comments on the validity of any assumptions related to the data handling used for resource modelling have also been added.

Corvidae Pty Ltd as Trustee for Ravensgate Unit Trust Trading as Ravensgate ABN: 92 492 598 860

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Ravensgate has based its review of the Pt ABT Coal Project areas on information and reports provided by Pan Australasian Limited. This data-set does include various historical technical reports by other consultants engaged by Pan Australasian Limited. The available data-set consisted of both published and unpublished data. Ravensgate has made all reasonable enquiries to establish the authenticity and completeness of the technical data on which the resource modelling was undertaken and upon which this report is based. Pan Australasian Limited was given a final draft of this report, and thereby given an opportunity to identify any material errors or omissions in it. Where appropriate, and in accordance with ASIC Practice 55 and Update 183, consent has been obtained to quote data and opinions expressed in unpublished reports prepared by other professionals on the properties concerned. This report has been prepared in accordance with the JORC Code (December 2004), which is binding upon members the Australasian Institute of Mining and Metallurgy (AusIMM) with respect to the rules and guidelines pertaining to all resource reporting and related continuous disclosure requirements of the Australian Stock Exchange (ASX). The Project Areas now modelled by Ravensgate in the Pt ABT Coal Project Area are considered to be Advanced Mine Development Projects, which are inherently lower risk in nature when compared to exploration projects. Ravensgate is of the opinion that the projects have been reviewed and developed rigorously and the results of this study are based on sound technical grounds for all the project areas concerned. Ravensgate considers that the main project area reviewed for this study is sufficiently robust to warrant further development and assessment of its economic potential. This Independent Resource Modelling Report has been prepared on the basis of information available up to and including mm/dd/yy, 2008. Yours faithfully,

Ed Radley Senior Coal Resource Consultant

INFERRED RESOURCE ESTIMATE

on the Pt. Agung Bara Prima Concession

for

PAN AUSTRALASIAN COAL LIMITED

16 July 2008

Corvidae Pty Ltd as Trustee For Ravensgate Unit Trust Trading as Ravensgate 49 Ord Street West Perth, Western Australia 6005 PO Box 1923, West Perth WA 6872 Tel +61 08 9226 3606 Fax +61 08 9226 3607 email: info@ravensgate.com.au web : http://www.ravensgate.com.au ABN: 92 492 598 860

RAVENSGATE

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INFERRED RESOURCE ESTIMATE

Prepared by RAVENSGATE on behalf of:

Pan Australasian Coal Limited

Author(s): Ed Radley Stephen Hyland Kate Holdsworth Date: 16 July 2008

Consultant Principal Consultant Senior GIS Specialist Geologist

BSc (Geol) BSc (Geol), MAusIMM, CIMM, GAA BSc. Hons (Geol), MAusIMM

Copies:

Pan Australasian Coal Ravensgate

(2) (1)

_______________________ Stephen Hyland For and on behalf of:

RAVENSGATE

This document has been prepared for the exclusive use of Pan Australasian Coal and the information contained within it is based on instructions, information and data supplied by them. No warranty or guarantee, whether expressed or implied, is made by Ravensgate with respect to the completeness or accuracy of this document and no party, other than the client, is authorised to or should place any reliance whatsoever on the whole or any part or parts of the document. Ravensgate does not undertake or accept any responsibility or liability in any way whatsoever to any person or entity in respect of the whole or any part or parts of this document, or any errors in or omissions from it, whether arising from negligence or any other basis in law whatsoever. Page 4 of 54

TABLE OF CONTENTS
1. INTRODUCTION AND SCOPE OF WORK ......................................................................... 9 1.1 2. Qualifications, Experience and Independence...................................................... 9

PROJECT DETAILS ............................................................................................... 10 2.1 2.2 2.3 2.4 Locality..................................................................................................10 Topography .............................................................................................11 Climate and infrastructure ...........................................................................11 Status of Tenure over ABP ............................................................................11

3.

REGIONAL GEOLOGY ............................................................................................ 12 3.1 3.2 3.3 3.4 3.5 Tanjung Formation (Tet) .............................................................................12 Berai Formation (Tomb) ..............................................................................12 Montalat Formation (Tomm) .........................................................................12 Warukin Formation (Tmw)............................................................................13 Quaternary alluvium (Q) ..............................................................................13

4.

PREVIOUS EXPLORATION ....................................................................................... 15 4.1 4.2 4.3 4.4 4.5 4.6 Introduction ............................................................................................15 Geological Mapping ....................................................................................15 Drilling...................................................................................................15 Sampling ................................................................................................16 Ravensgate Site Visit ..................................................................................16 Down Hole Survey Correction of drilling............................................................17

5.

INFERRED COAL RESOURCE ESTIMATE ....................................................................... 17 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 Outcrop Mapping Points of Observation ............................................................18 Coal Seams..............................................................................................18 Relative Density........................................................................................19 Data Source .............................................................................................19 Derived Topography Data.............................................................................19 Faulting .................................................................................................19 Data reliability .........................................................................................20 Compositing of data ...................................................................................20 Wire-framing ...........................................................................................20 How the surface area was used to derive thickness ..............................................31 Mineral Resource Classification......................................................................31 The Inferred Resource Estimate .....................................................................32 Comparison with Internal Estimates carried out by for PAR by IKK.............................32

6.

CONCLUSIONS AND RECOMMENDATIONS .................................................................... 39

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7. 8. 9.

REFERENCES ...................................................................................................... 39 EFFECTIVE DATE OF ESTIMATE................................................................................ 39 GLOSSARY......................................................................................................... 40

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LIST OF TABLES
Table 1 Summary of Drilling Physicals ................................................................................. 15 Table 2 Weighted Average Seam Qualities............................................................................ 16 Table 3 Coal Seams Identified........................................................................................... 18 Table 4 Seam Quality Summary and Inferred Estimate of ABT ................................................... 32 Table 5 Comparison of the New and Previous Estimate of the ABP coal resource ............................ 33 Table 6 JORC Risk Table.................................................................................................. 35

LIST OF FIGURES
Figure 1 Scanned location map from the IKK reports ............................................................... 11 Figure 2 Concession Location Plan...................................................................................... 14 Figure 3 <Figure plan of the concession showing the borehole locations from IKK> ........................ 16 Figure 4 View showing faults and Seam-A surface. ................................................................. 21 Figure 5 View showing faults and outcrop looking north. ......................................................... 22 Figure 6 View showing faults and seam surfaces. ................................................................... 22 Figure 7 View showing B1-Seam and section lines................................................................... 23 Figure 8 View showing B2-Seam over B1-Seam....................................................................... 23 Figure 9 View showing C1-Seam. ....................................................................................... 24 Figure 10 View showing C2-Seam. ...................................................................................... 24 Figure 11 View showing C3-Seam. ...................................................................................... 25 Figure 12 View showing C4-Seam. ...................................................................................... 25 Figure 13 View showing D2-Seam over C4-Seam. .................................................................... 26 Figure 14 View showing D3-Seam. ...................................................................................... 26 Figure 15 View showing D5-Seam. ...................................................................................... 27 Figure 16 View showing D6-Seam over D5-Seam. .................................................................... 27 Figure 17 View showing section A-A (west to east), looking north. ............................................. 28 Figure 18 View showing section B-B (west to east), looking north. ............................................. 28 Figure 19 View showing section C-C (west to east), looking north. ............................................. 29 Figure 20 View showing section D-D (west to east), looking north. ............................................. 29 Figure 21 View showing section D-D (west to east), looking north. ............................................... 30 Figure 22 View showing section E-E (west to east), looking north. .............................................. 30 Figure 23 View showing section F-F (west to east), looking north. .............................................. 31

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LIST OF APPENDICES
APPENDIX HEADING ..................................................................................................... 43 Outcrop Mapping in UPM Coordinates system .................................................................43 APPENDIX HEADING 2................................................................................................... 46 Appendix Title .....................................................................................................46 APPENDIX HEADING 3................................................................................................... 52 Appendix Title .....................................................................................................52

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1.

INTRODUCTION AND SCOPE OF WORK

Pan Australasian Coal Limited (Pan Australasian) commissioned Ravensgate to prepare an independent JORC compliant Inferred Resource Estimate over the ABP. The Indonesian Geological Consultancy IKK supervised and reported the exploration and definition of the coal resource at ABT. An estimate of the coal resource was also prepared during reporting of the results. This independent resource estimate does not dispute the method or calculations carried out by IKK. The same data has been used to generate an estimate but the Australian Coal Guidelines have been taken into consideration hence a more conservative stance on extrapolation of coal resources from POO has been adopted. The density of drilling is not high enough to attempt to define the resources accurately, however a large amount of outcrop mapping which appears to be of a high standard does allow geological interpretation of the continuity of structures and allow generation of an inferred resource. Additional drilling would be likely to increase the extents and certainty of the resource estimate. Geological continuity is fair, however at least two coal offsetting faults are present. Strike slip and thrust faulting are evident based on the mapping and drilling. Presently it is not possible to interpret whether the thrust faulting is a zone/system of minor faults or a single major thrust fault. During the resource definition drilling both BP and AW of Ravensgate visited the site to field check the drilling and outcrop mapping. It does appear that drilling and mapping were carried out in a diligent fashion. Where recovery of coal was below 90% holes were redrilled. The outcrop mapping supervised and reported by IKK was to a high standard and the information was very useful. In most cases the roof and floor of coal seams was located, all coal outcrops were surveyed and photographed and a cross section to 1:100 scale presented in the IKK report volume II.

1.1

Qualifications, Experience and Independence Ravensgate was established in 1997 and specialises in resource modelling and resource estimation services. The company has worked for major clients globally, such as Freeport at Grasberg Mine, Ok Tedi Gold Mine in Papua New Guinea, AngloGold Ashanti in Ghana and many junior resource companies which are ASX (Australian Stock Exchange), TSX (Toronto Stock Exchange) or AIM (London Stock Exchange) listed. Ravensgate has focused upon providing resource estimations, valuations, independent technical documentation and has been involved in the preparation of Independent Reports for Canadian, Australian and the United Kingdom companies. Primary Author: Ed Radley, Senior Coal Consultant, Ravensgate BSc Geology, Member of Australasian Institute of Mining and Metallurgy. Edward Radley is a registered professional geologist with over fifteen years experience in the coal and metalliferous minerals industry. He has carried out numerous resource estimations and technical assessments of mining and exploration properties in Australia, New Zealand and Indonesia. He is a Consultant Coal Resource Geologist employed by Ravensgate. Insert summary of career Co Author and Reviewer: Stephen Hyland, Principal Consultant, Ravensgate Stephen Hyland Principal Consultant, Ravensgate BSc Geology, Member of Australasian Institute of Mining and Metallurgy, CIMM and GAA.
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Stephen Hyland has had extensive experience of over 20 years in exploration geology and resource modelling and has worked extensively within Australia as well as offshore in Africa, Eastern and Western Europe, Central and South East Asia, modelling base metals, gold, precious metals and industrial minerals. Stephens extensive resource modelling experience commenced whilst working with Eagle Mining Corporation NL in the diverse and complex Yandal Gold Province where for three and half years he was their Principal Resource Geologist. Whilst the majority of his time there had been developing the historically successful Nimary Mine, he also assisted the regional exploration group with preliminary resource assessment of Eagles numerous exploration and mining leases. Since 1997 Stephen has been a full time Consultant with the minerals consulting firm Ravensgate where he is responsible for all geological modelling and reviews, mineral deposit evaluation, computational modelling, resource estimation, resource reporting for ASX / JORC and other regulatory compliance areas. Primarily Stephen specialises in Geological and Resource Block Modelling generally with the widely used Medsystem / Minesight 3D mineevaluation and design software. Stephen Hyland holds the relevant qualifications and professional associations required by the ASX, JORC and ValMin Codes in Australia. He is a Qualified Person under the rules of the CIMM and NI43-101. The Authors of this report, are not, nor intends to be, a director, officer or other direct employee of Pan Australasian and has no material interest in the projects of Pan Australasian. The relationship with Pan Australasia is solely one of professional association between client and independent consultant. The review work and associated amendments to this report are prepared in return for professional fees based upon agreed commercial rates and the payment of these fees is in no way contingent on the results of this report. This Report has been compiled based on information available up to and including the date of this Report. Consent has been given by Ravensgate for the distribution of this report by Pan Australasian in the form and context in which it appears. Neither Ravensgate nor any of its employees or associates is an insider, associate or affiliate of Pan Australasian or any associated company. Neither Ravensgate nor any of its affiliates have acted previously in any capacity for Pan Australasian Limited or any of its associates or affiliates. Ravensgates professional fees are based on time charges for work actually carried out, and are not contingent on any prior understanding concerning the conclusions to be reached. <These are to cut and replace> PT.ABT = Party Agung Bara Prima Concession IKK =- PT. Ideal Kajibumi Konsultan BP Binson Purba AW Andre Wulfse ? CG Australian Guidelines for Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves POO points of observation

2.
2.1

PROJECT DETAILS
Locality The PT. Agung Bara Prima (ABP) concession is located within the Tengah province of Central Kalimantan. Access to the exploration camp was gained by vehicle along a 2 kilometre track from Desa Buhut, followed by an hour long journey by foot.
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Access to the concession is via an ex forestry road that is only suitable for a 4WD vehicle. It probably is not passable during the monsoon season and the surface is soft. The last part of the journey is completed by walking for a little over an hour (Figure 1).

Figure 1 Scanned location map from the IKK reports To be added scanned location map from the IKK reports 2.2 Topography The area of the coal concession is generally flat to gently rolling with creeks incising the topography to a few metres. 2.3 Climate and infrastructure A forestry road is approximately an hours walk away, this road would need to be upgraded to allow access during the monsoon season. yes 2.4 Status of Tenure over ABP PAR has entered into an option with PT. Agung Bara Prima to allow rights to explore and mine the ABP concession area. The coal exploration concession (KP) area consists of 1300 ha, located within the Kapuas Regency of the Central Kalimantan Province. The KP number is 837 tahun (year granted) 2006. Pan Australasian is understood to be a beneficial owner of the ABP concession area. Ravensgate is not however qualified to comment on the legal status of any ownership or joint venture terms or agreements Pan Australasian may enter into with respect to this project area. This resource review report describes the resource definition and project review assumptions that have been used. All work conducted during this study is based on information provided by the title holders of the project, along with technical reports by other consultants, associated contractors, previous tenement holders, and other relevant published and unpublished data for the areas concerned.
Comment [MSOffice1]: More detail on climate and infrastructure. ??

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3.

REGIONAL GEOLOGY

The tenement is located in the northern part of the Barito Basin which is a tertiary repository located along the southeastern margin of the Schwaner Shield in South Kalimantan (refer . To the east the basin is defined by the Meratus Mountasins and to the north it is separated from the Kutei Basin by a flexure related to the Adang Fault. The asymmetric Barito basin commenced development in the late Cretaceous following a collision between the Paternoster and SW Borneo microcontinents. This collision resulted in the formation of a series of NW- SE trending rifts which provided the setting for alluvial fan and lacustrine sediments of the Lower Tanjung Formation. In the middle Eocene, as a result of a marine transgression, the rift sediments of the Middle Tanjung Formation became more fuviodeltaic and eventually marine. The marine transgression submerged the rifts in the late Eocene-early Oligocene which resulted in the widespread deposition of the marine shales of the Upper Tanjung Formation. During the Late Oligocene, platform carbonates of the Berai Formation were deposited. Carbonate deposition was terminated in the Early Miocene with increasing clastic input from the west. During the Miocene, the sea regressed due to uplift of the Schwaner Core and the Meratus Mountains. The Warukin Formation formed as a result eastward prograding deltaic sediments. Within the Barito basin, coal formed mainly in the Tanjung, Pamaluan and Warukin Formations. The dominant lithological units are pre-Tertiary, Tertiary (Eocene-Pliocene) coal -bearing sedimentary rocks and recent alluvium. Stratigraphically, the oldest pre-Tertiary rocks are unconformably overlain by the Eocene coalbearing Tanjung Formation. The Tanjung Formation is overlain by interfingered layers of the Berai and Montalat Formations which are of Oligocene age. These formations are, in turn, overlain by the younger coal-bearing Warukin Formation (middle to late Miocene). 3.1 Tanjung Formation (Tet) This Formation, of middle to late Eocene age, is comprised of interbedded quartz sandstone and claystone, with intercalations of conglomeratic sandstone, limestone and coal seams. Quartz sandstone with conglomeratic sandstone intercalation occurs in the lowest part of the Tanjung Formation. The uppermost part consists of limestone. The Tanjung Formation is widespread over the concession area, striking NE-SW. 3.2 Berai Formation (Tomb) This formation is made up of limestone with coral and macro foraminifera fossils and is characterised by sinkholes and localised caves. Sedimentation occurred during the Oligocene and it unconformably overlies the Tanjung Formation. 3.3 Montalat Formation (Tomm) The Oligocene Montalat formation is comprised of cross -bedded white quartz sandstone interbedded with siltstone/shale and coal. Smaller foraminifera are present in places. The formation was deposited in a both shallow and open marine environment. It is interfingered with the Berai Formation and conformably above the Tanjung Formation.

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3.4

Warukin Formation (Tmw) This formation is composed of semi- consolidated medium to coarse grained sandstone, partly conglomeratic, intercalated with silstone and shale. The formation exhibits both Laminated cross bedding and graded bedding. It is Middle to upper Miocene in age.

3.5

Quaternary alluvium (Q) Fine to very coarse grained unconsolidated alluvial material covers the flood plain in the project area.

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Figure 2 Concession Location Plan

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4.
4.1

PREVIOUS EXPLORATION
Introduction The concession is along strike from the Blok Prospect, which is located to the north and east of APB. The seam sequence on the Blok Prospect appears to be cut by a set of north north-west trending strike slip faults that are approximately the same orientation at the strike slip fault which offsets the eastern coal seam sequence on the ABP concession. All the major seams extend from the ABP concession through the north and west bounds of the concession and onto neighbouring coal exploration concession areas. No drilling had been carried out on the concession prior to the drilling carried out in 2007.

4.2

Geological Mapping PT. Ideal Kajibumi Konsultan planned and supervised geological mapping of the concession at 1:2000. Outcrops were exposed and face mapped. Samples were taken in some cases. A hand help GPS unit was used to survey the observations in the UTM coordinate system.

4.3

Drilling The drill program of 2007 was designed to gather data on the seam dispersion and variability such that a latter drilling program could be designed to define the resource to indicated status or higher. The profile of cross section lines was traversed using a hand held GPS. The expected depth of seam intersects was then worked out by plotting seam dips derived from the outcrop mapping onto the cross sections. Three Jacro rigs capable of drilling to around 150 m NQ core were utilized. Nineteen (19) partially cored holes were drilled on the concession. This included 4 holes that were re-drills where holes may have collapsed or where core recovery was not sufficient or the down hole geophysical survey was not successfully completed. A total of 1021m of open hole drilling and 265m of core drillng was carried out during the initial and so far only drilling program on the concession. Holes ranged from 22.5 m deep up to 100.50 m deep. A total of 216 samples were collected, though only 35 samples representing the recovered core from three holes on the eastern side of the concession were assayed. (Why ?) Geophysical logging of the final bore holes from 15 drilling sites was carried out, which included gamma ray, calliper, density and resistivity measurements. Interpretation of geophysical data assists in coal seam correlation from one drill hole to the next. This is particularly relevant in project areas as described in this report where little or no previous exploration has taken place (Table 1). Table 1 Summary of Drilling Physicals 2007 Drilling Number of holes Number of lines Line Spacing Hole Spacing Core (m) Open Hole (m) Analysis 19 (15 unique, 4 re-drills) 5 400m 480m 50m 200m 265 m 1021m 35 Samples of 216 Analysed

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Figure 3 <Figure plan of the concession showing the borehole locations from IKK>

4.4

Sampling All core was packed into half tubes of plastic pipe, logged and measured at the rig and then carried to the fly camp where a senior geologist logged the coal in greater detail and also carried out sampling of the seams and interburden. The coal samples were then removed from the core tubes and bagged ready to be sent for analysis. All of the seams intersected by the drilling programs greater than 0.3m have been sampled (216 samples). However, only 35 of these have been sent for analysis. (Why ?) The main seam of interest (C4) has been intersected in holes ABP01A, ABP02A, ABP04, ABP08, ABP10, ABP13 and ABP14. Of these intersections, only ABP02A and ABP04 have been assayed. No samples from Lines C, D, D1, E or F have been assayed. Four (4) of the 15 holes drilled were eventually submitted for analysis, none of which were on the western repeat of the stratigraphy. One hole (ABP-06) with reported quality data included in the excel database was not included on the assay certificates supplied by the client.
Comment [MSOffice2]:

Refer to Appendix 4 for full Assay Results. The following Table 2 shows the composite grade generated where the seams had more than one sample analysed.

Table 2 Weighted Average Seam Qualities Total Moisture (% adb) 8.75 9.42 10.99 12.65 Inherant Moisture (% adb) 4.53 4.86 5.87 6.50 Volatile Matter (% adb) 33.5 36.5 39.9 37.7 Fixed Carbon (% adb) 34.1 35.2 39.2 31.3 Calorific Value Cal/g (adb) 5306 5640 5849 4627 Relative Density (g/mL) 1.56 1.43 1.41 1.54

Seam

Thickness (m) 0.93 5.82 3.17 1.34

Ash (% adb) 27.87 23.43 18.06 31.12

C3 C4 D3 D6

Only the seams interested by the holes submitted for assay have any quality data. (C2, C3, C4, D3, D4, D5 and D6)

4.5

Ravensgate Site Visit Personnel from Ravensgate visited the sites on two occasions and made suggestions and recommendations. The first visit was designed to coincide with the drilling activity of August 2007 however the drilling rigs were still being mobilized at the time, so no drilling methodology was assessed first hand. Ravensgate personnel, Binson Purba and Andre Wulfse inspected various coal outcrops within 2km of the exploration camp. The location of some planned holes was revised in order to gain better understanding of the seam dispersion however Ravensgate advised that more holes would be required in the future to attempt to generate a robust coal resource estimate.
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A second visit during September 2007 coincided with the drilling of two bore holes (ABP-001A and ABP- 04). Ravensgate noted that bore holes with a core recovery below 90% were redrilled. After the site visit Ravensgate recommended that the balance of the samples be submitted for testing, however this has not occurred (Why ?). Ravensgate also suggested a 3D model could be produced and the tonnage/coal quality estimate updated once the untested samples are assayed, and likewise that the seams could be modelled to the existing topography. Binson Purba sent a 3kg sample from the C4 seam to PT.Geoservices Bundung Coal Labortatory. The relative density was 1.35 and the CV was 6644 cal/g (adb) and the ash 9.1. This sample is consistent and in line with other exploration results. 4.6 Down Hole Survey Correction of drilling The reporting of the drill holes and correction to down hole geophysical readings appears to be of a high standard. This data is all presented in the report Pt. Agung Bara Prima, Exploration Report Volume III. Las ? data was supplied but as a computer modelling exercise all of the las ? data has not been checked against the intercepts. Holes were logged in basic detail at the drill site then in greater detail by a senior geologist at the exploration camp. Two sets of borehole databases, representing both before and after logging were supplied by the client.
Comment [MSOffice3]:

5.

INFERRED COAL RESOURCE ESTIMATE

Inventory versus coal resource Where the average thickness of a portion of coal seam was below 0.4 m thick according to drilling data, no attempt was made to define or model those coal occurrences. Plot required Each seam modelled showing extent in plan Plot of each cross section needs drill holes clearly displayed on it

Tables.. estimates moisture basis of estimate

Comparison of the Ravensgate estimate with previous estimates

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5.1

Outcrop Mapping Points of Observation The outcrop mapping points have all been used as POO, and have been especially helpful in the 3D interpretation and wire-frame modelling carried out within Minesight. The thickness derived from outcrop mapping was only used where stone was located under the coal and the material above the coal was not soil. The strike and dip recorded on all outcrop mapping points were used by IKK to create a geological map of coal outcrops. This map was imported and used as an overlay during interpretation to assist with determining seam continuity and thus the construction of wire-frame structures. In a few cases it became apparent that seams were misclassified as they fell on the logical plane of another structure. In such cases the points within Minesight were moved to the correct object location. The completed model hence has a modified version of the source data which has benefited from the use of 3D modelling software. A fresh copy of the source data extracted from the original databases has been preserved.

5.2

Coal Seams Thirteen (13) main seams occur within the concession however there was only sufficient data to interpret continuity with 11 of these seams (A, B1, B2, C1, C2, C3, C4, D2, D3, D5 and D6) With reference to economics from the bottom up, seam E is considered too isolated, the package of D seams and C seams each form logical mining flitches, while the B seams would probably be mined during the stripping of pits designed to excavate the C group of seams. D1, D4, D6U (upper), D6L (lower) and E could be continuous seams but more drilling is required to help define them in more detail.

Table 3 Coal Seams Identified

Seam Seam A Seam B1 B2 Isolated from the rest, with potential for a shallow cut along the strike of the structure which only affects this seam. These seams form a package which would logically be mined together. They would probably form an upper cut of any pit designed to mine the C1 C4 seams. These seams form a package which would logically be mined together. This accessory seam is possible a lower split of the C4 seam, which may coalesce with C4 at some point but the geometry is not known at present This seam did not show up well in the exploration and was not modelled. Touch drilling possibly disrupted and removed this seam in some drill holes. These seams form a package which would logically be mined together. This seam possible coalesces with D6, though there is not enough information to model this seam at present This seam is small and isolated and only functions as a marker bed at present.

Seam C1 C4 Seam C5

Seam D1

Seam D2 D6 Seam D6 Upper Seam E

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5.3

Relative Density Where no data is available, a relative density of 1.45 g/mL has been applied. The weighted average of the RD from the drill holes submitted for test was 1.48 g/mL while the grab sample submitted by Ravensgate was 1.35 g/mL. The number has hence been rounded down to the nearest 0.05 g/mL. Relative density readings only exist for the C3, C4, D3, D5 and D6 seams.

5.4

Data Source Pan Australasian supplied both electronic and paper data to Ravensgate, including Excel databases including outcrop mapping and drill hole data. Mapping and the associated reports from IKK were also supplied in original form, electronic form and translated. The primary data used to prepare this inferred resource estimate were: Database of Drill Hole Lithology.xls the bore hole database; AutoCAD Cross sections (Penampang Cross Line Lbr 1, Penampang Cross Line Lbr 2); AutoCAD Plan with seam outcrop, mapping, section lines, creeks, concession boundary, bore hole locations and a fault interpretation (Bore Hole Location); and Intersects Outcrop.xls the database of outcrop mapping.

5.5

Derived Topography Data No topography data was available over the area modelled and the bore holes only supplied an easting, northing and down hole depths. The outcrop mapping database included survey data such as easting, northing and RL data. The elevation of drill hole collars was derived by plotting the RL of nearby outcrop samples on cross sections prepared by IKK and the collar height hence read from paper plans or maps. The bore hole collar points, outcrop mapping points and the creek layer from the AutoCAD Bore Hole Location Plane were then used to generate a topographical surface within Minesight. Assumptions: Topography slopes towards the creeks; The survey RL in the outcrop mapping excel data is accurate; That the RL values in the outcrop mapping were sourced from a hand held GPS, meaning they are possibly up to a meter plus or minus the true value; and That a topography surface using the only available data is better than a flat surface.

The RLs taken from the outcrop mapping and used in the recent modelling were generally rounded values. Before estimation of a higher class resource is attempted a new topographical survey should be carried out to gather more data, including the exact RL of boreholes and outcrop mapping. 5.6 Faulting Two fault interpretations were supplied on the original maps produced by IKK. One strike slip fault to the North of the concession offsets the main sequence of seams while a thrust or system of thrusts to the west of the concession which may have repeated the coal sequence and possibly stacked it in places. According to a map showing the adjoining coal concessions the north northwest trending strike slip faults are also known on the Blok Pendreh to north east along strike from ABT.
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5.7

Data reliability All Excel data was supplied by the client PAR, most of which was compiled by IKK during the outcrop mapping, drilling and associated reporting the exploration. All of the coal intersected were compiled into an excel file and composited in order to simplify geological interpretation.

5.8

Compositing of data Economic assumption: Coal could be benefacted by some means such as the use of a washery or rotary coal cleaning screen to remove interburden; To get all of the coal in a group of associated seams you could mine down to the lowest seam that is consistently within a group of seams and over 0.4m on average; Where some form of rock separation, cleaning, sorting or highly selective mining is utilized most parting can be separated from the end product coal.

To simplify the method of modelling the seams, coal intervals within correlated seams were aggregated into composites building up from the floor of each seam while the interburden was aggregated to the roof. This is necessary because excavation all of this interburden rock is required in order to obtain the coal to the floor of the seam group. This method was used to resolve situations where some occurrences of a seam had interburden while others did not. Coal samples within seams were composited and any interburden composited and moved to the start of the seam interval. The coal intercepts detected during drilling and outcrop mapping were formatted in Excel. The RL of the start and end of each record was calculated from the collar RL and the down-hole depths. The intercept points for the start and end of each seam were constructed as 3-D objects. These were used during interpretation of coal continuity and generation of wire-frame surfaces which represented contiguous coal. The composite files generated from these point are is included in Appendix 2 5.9 Wire-framing Assumptions used to generate the wireframes: Where points that have been classified into the seam fall onto a plane that has a strike consistent with the outcrop mapping they are linked with a string line; Seams stop at the topography surface due to erosion; The roofs of seams were wire-framed; Seams stop at offsetting faults, though points near such faults often support the extension of some points from the same seam across the fault. Points over the fault will hence generate a surface which terminates at the fault but these are generally offset by the apparent movement of the fault; Seams are projected to POO that are outside the concession boundary where data exists (some extend to the north). After the wire-framed surfaces were generated they were cut at the lease boundary; Where the support to extrapolate a seam along strong ends at a POO the seam is extrapolated 125m beyond the last data point. This is a somewhat conservative extrapolation

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distance, however the along-strike extrapolation distance has a low sensitivity to the estimate as most major seams terminate at the lease boundary; and Data was extrapolated a maximum of 125m down-dip of the structure from POO. Given that dip of the structures is around 20 degrees this is not excessively deep.

Figure 4 through to Figure 16, show views of the 11 main, continuous coal seams, which occur within the concession - A, B1, B2, C1, C2, C3, C4, D2, D3, D5 and D6. Figure 17 through to Figure 23 show views of the sections within the concession (A-A, B-B, C-C, D-D, E-E and F-F).

Figure 4 View showing faults and Seam-A surface.

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Figure 5 View showing faults and outcrop looking north.

Figure 6 View showing faults and seam surfaces.

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Figure 7 View showing B1-Seam and section lines.

Figure 8 View showing B2-Seam over B1-Seam.

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Figure 9 View showing C1-Seam.

Figure 10 View showing C2-Seam.

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Figure 11 View showing C3-Seam.

Figure 12 View showing C4-Seam.

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Figure 13 View showing D2-Seam over C4-Seam.

Figure 14 View showing D3-Seam.

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Figure 15 View showing D5-Seam.

Figure 16 View showing D6-Seam over D5-Seam.

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Figure 17 View showing section A-A (west to east), looking north.

Figure 18 View showing section B-B (west to east), looking north.

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Figure 19 View showing section C-C (west to east), looking north.

Figure 20 View showing section D-D (west to east), looking north.

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Figure 21 View showing section D-D (west to east), looking north.

Figure 22 View showing section E-E (west to east), looking north.

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Figure 23 View showing section F-F (west to east), looking north. (No figure in the document for above title) 5.10 How the surface area was used to derive thickness The surfaces have been divided into three portions, being the west, north and south. This is because of the thrust repeat of the seams, where generally the upthrust seams to the east is at a shallower dip than those on the west. The eastern seams are also displaced by at least one fault that divides them into a north and a south section that each terminate at the fault plane Only a few points of data for each seam were available to define the thickness. This was according to how many drill-holes penetrated the seam or how many outcrop samples were present to help detect the floor and roof of the seam. The thickness from seams below material recorded as soil were not used because erosion and decomposition to soil would be likely to have the effect of thinning the true seam thickness. All POO that supplied a seam thickness within the portions of each seam wire-framed were averaged to derive an average seam thickness. The tonnage of each portion of seam was derived my multiplying the surface area of the seam, the thickness and the specific gravity. Though the quality data is limited to a few holes the quality data was used to derive a quality for each seam that has some samples submitted, by means of an average weighted by thickness. 5.11 Mineral Resource Classification This estimation only attempted to classify resources to an Inferred category. Where coal occurrences were deemed to have no economic potential they were not modelled. This Estimate does not include Inventory Coal. Table 1 of the JORC Code 2004 is a check list and guideline which those preparing reports on Exploration Results, Mineral Resources and Ore Reserves should use as a reference. Ravensgate has adopted the Table 4 as a generalised framework to describe and summarise matters that might materially affect the reliability of, or confidence in, its estimate of the Mineral Resources contained within the APB concession area. Ravensgate has applied a nominal and subjective risk rating to the various matters relating to the Exploration Results and Mineral Resources that have been reported in this document. One of the benefits of such a risk rating is that future work that may be undertaken in terms of upgrading or extending the known resource can be prioritized accordingly. The first assumption is that the calculated resource has a realistic chance of eventual extraction. Ravensgate is of the opinion that the requirement in terms of eventual extraction has been met. Although access to the lease area is difficult due to dense vegetation and some undulating topography, there are several factors that contribute to its prospectivity in terms of eventual extraction, amongst them are the following; The topography and accessibility is similar to many other advanced exploration or mining projects in Kalimantan; and The project is closely situated to a road leading to a navigable river.

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5.12

The Inferred Resource Estimate Quality Data was not available over all seams. Hence seams lacking quality data used the resource averages based on the rest of the seams. Table 4 displays the coal quality data used by Ravensgate for estimations used to construct the Inferred resource model.

Table 4 Seam Quality Summary and Inferred Estimate of ABT Seam

A B1 B2 C1 C2 C3 C4 D2 D3 D5 D6

Tonnes
151702 922990 1049571 389985 667690 2391398 5663142 582678 1612840 393935 71808

TM %adb
9.74 9.74 9.74 9.74 9.30 8.75 9.42 11.50 10.99 13.00 12.65

IM %adb
5.18 5.18 5.18 5.18 5.60 4.53 4.86 7.60 5.87 6.30 6.50

Ash %adb
25.06 25.06 25.06 25.06 35.00 27.87 23.43 39.30 18.06 21.10 31.12

VM %adb
34.9 34.9 34.9 34.9 29.7 33.5 36.5 26.2 36.9 34.2 37.7

FC %adb
34.9 34.9 34.9 34.9 29.7 34.1 35.2 26.9 39.2 38.4 31.3

TS %adb
0.35 0.35 0.35 0.35 0.24 0.31 0.29 1.00 0.32 0.63 0.42

CV Cal/g
5436 5436 5436 5436 4557 5306 5640 3888 5849 5519 4627

RD g/mL
1.45 1.45 1.45 1.45 1.45 1.56 1.43 1.45 1.41 1.46 1.54

HGI Lb/in
46 46 46 46 42 42 43 72 48 60 66

Total

13.9 m/t

9.74

5.18

25.06

34.92

34.89

0.35

5436

1.46

46

Source of data for this table: Sheet Reported Summary: Comp derived from drilling updated with outcrops.xls, which contains the workings based on seam surface area and analysis. The basis of the weighted average in this table is seam tonnages. 5.13 Comparison with Internal Estimates carried out by for PAR by IKK The inferred resource estimate generated by Ravensgate (13.9 million tonnes) does not suggest as much resource as the initial non-JORC estimate made by IKK for PAR (20.0 million tonnes). This is because Ravensgate adopted a more conservative approach to extrapolation of data from POO. Only drill intersections of coal and outcrop mapping POO that were supported by other intersections were used to generate the estimate. Hence rather than a polygon and thickness being assigned to all occurrences of coal located on the prospect this estimate was limited to those backed up by geological interpretation which considered both basic economic criteria and the strength of support for continuity of the seams. Table 6 (is this correct Table #) displays the estimate prepared by IKK with the figure generated by the Ravensgate Inferred model amended to the end.

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Table 5 Comparison of the New and Previous Estimate of the ABP coal resource Block North Fault Coal Seam
C4A C4_3U C4_2 C4_1U C4_1L C3 Sub Total A C2 B2A B2 B1A B1_2 B1_1U B1_1 B1_1L Sub Total B 0.93 1.39 0.97 0.53 0.62 0.49 1.26 0.75

Thickness (m)
0.35 0.55 1.63 0.68 0.56 2.48

Coal Tonnes
11,620 45,934 379,940 208,439 142,105 812,760 1,600,799 314,269 411,340 310,745 61,957 186,841 14,972 489,675 22,697 1,812,496

1. Total A + B South Fault D5_2 D5 D5_1 D5B D3_2 D3 D3_1 Sub Total C D2U D2 D2L C4A C4_3U C4_3 C4_3L C4_2U C4_2 1.03 1.07 0.37 0.49 1.15 1.38 0.62 0.71 1.51 0.4 1.65 1.39 0.32 1.08 2.67 0.93

3,413,295 103,236 696,923 777,907 62 580,574 1,744,888 487,997 4,391,587 283,975 162,175 43,722 459,318 936,899 709,421 510,191 191,729 1,618,253
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C4_2L C4_1U C4_1 C4_1L C3 Sub Total D C2 C1_2U C1_2L B2A B2 B1_2 B1 B1_1 B1_1L Sub Total E 2. Total C=D=E IKK Estimate Ravensgate Estimate Grand total 1. + 2.

0.47 0.56 1.47 0.58 2.23 0.72 0.45 0.4 0.35 0.87 0.45 0.6 0.58 0.45

31,238 719,781 112,806 752,860 3,165,630 9,697,815 798,988 9,059 6,656 34,433 921,652 283,181 4,482 223,855 287,755 2,570,060 16,659,462 20 Million 14 Million

This previous calculation IKK applies a 250m Radius to data (Drill and Outcrop), using a minimal 0.3m thickness on seams

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Table 6 JORC Risk Table Sampling Techniques and Data Review Drilling techniques Drill Sample Recovery Depth range of drilling affects down dip extension, the rig used were capable of drilling to around 150m while the deepest hole was 100.5 m. Touch drilling was used, meaning that coring started once the chips or sludge ejected from the dill collar turned black. The geologists planning and supervising the drilling had worked out expect intercept depths of the coal seams located during mapping. This method is poor for locating single isolated seams, however the bulk of the ABT coal resource comes from the inner seams of the C seam group and as such touch drilling is an acceptable practice. The D group of seams also occur as a package, hence only the top seam of the package is at risk of being artificially thinned by open hole drilling affecting the seam. Based on the results obtained in the drilling no resource was generated on the upper seam in the package. This may be because of the touch drilling but it is the opinion of Ravensgate that the top seam of the D group was not an economic seam and hence only functions as a useful maker bed to assist drilling. Logging All chips were logged at the drill site, and core was logged at the drill site by a geologist supervising the drilling site, then logged in greater detail by a more senior geologist at the exploration camp. All coal intersects over 0.3m in thickness were sampled. Where parting was less than 0.1m in thickness it was left in the coal sample, while parting in excess of 0.1m was taken as a parting sample. All core was NQ, however Ravensgate has not been able to establish whether the entire core or a portion such as half or a quarter was put in the bag. (Why ?) The exploration program stated that samples were bagged in a plastic sack. One lab report suggested the sacks were not sealed. Moisture analysis reported could hence report a moisture analysis on coal which has lost moisture/dried during transportation to the lab. Ravensgate was supplied with electronic assay certificates for a total of 36 samples. Two lab carried out analysis on the coal. Two holes representing 19 samples were assayed by PT Geoservices Laboratory in Banjarbaru, East Kalimantan in October 2007. The following standard ISO and ASTM assay techniques were used; Parameter Standard Method Total moisture Moisture in the analysis Ash content Ash content Fixed carbon Total sulphur Calorific value Relative density

Sub sampling techniques and sample preparation

Quality of assay data and laboratory tests

%ar %adb %adb %adb %adb %adb Cal/g adb g/mL

ISO 589; 2003 ISO 11722 ; 1999 ISO 1171 ; 1997 ISO 562 ; 1998 ISO 17246 ; 2005 ISO 351 ; 1996 ISO 1928 ;1995 AS 1038 ;21 ;2002

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Hardgrove grindability index

poin

ISO 5074 - 1994

Sixteen (16) samples from ABP02A were assayed by PT Sucofindo Laboratory in Banjarmasin, East Kalimantan in 2007 Total moisture Moisture in the analysis Ash content Ash content Total sulphur Gross calorific value Fixed carbon Hardgrove grindability index %ar %adb %adb %adb %adb Kcal/kg %adb blank ASTM D-3302-05 ASTM D-3173-03 ASTM D-3174-04 ASTM D-3175-02 ASTM D-4239-05 Method B ASTM D-5865-04 ASTM D-3172-03 ASTM D-409-02

Verification of sampling and assaying

The techniques used by the laboratory are widely used standard coal analytical techniques. Ravensgate was not supplied with any laboratory quality data nor was it supplied with any assays from laboratories other than Sucofindo. Ravensgate considers the lack of duplicate analysis a moderate to high risk and recommends that a percentage of sample pulps are sent to a second laboratory for analysis. Ravensgate is unable to comment on the levels of accuracy and precision for the assays in the absence of any quality data. Ravensgate did not carry out any verification of sampling tests. Ravensgate understands that the drill core was not retained and that the sample pulps and coarse rejects from the laboratory were neither retained nor returned. Moderate to high risk

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Location of data points

Drill collar positions are recorded in a UTM co-ordinate system in the drill logs as Easting and Nothings, however no RL was recorded. Outcrop mapping did have an RL recording though the source and accuracy of this is not certain. These were used to work the RL of the drill collars based on the cross section plots prepared by IKK. The exploration report mentions that the profiles of the section lines were generated in the field during the outcrop mapping. Ravensgate were not supplied with any topographic data or RL coordinates on any of the drilling.

Data density and distribution Orientation of data in relation to geological structure Audits or reviews

Section lines were 400m to 480m apart with two or three holes spaced between 50m and 200m apart. Few seams were intersected by more than one hole on a section and none were intersected by more than two. All drill holes were vertical, while the coal seams are gently to moderately dipping to the east. Hence the thickness is always on the vertical meaning flattening thins seams from the apparent thickness to the true and the minimum thickness. Previous non-JORC compliant Resource Estimate by PT IKK as discussed in the report.

Estimation and Reporting of Mineral Resources Database integrity Relatively small database stored in Excel format. Validation and verification tests run by Ravensgate revealed a few minor errors that were subsequently corrected. A couple of incorrect quality samples were back tracked to the lab reports and corrected. Low risk Geological interpretation Ravensgate was supplied with a general 1:2000 geological plan showing dip and strike orientations of the coal outcrop positions as well as a fault interpretation, the bore bole locations and section lines. The fault interpretation is only one of a few possibilities. Based on results of drilling, the bulk of the coal can be assigned to 13 main seams within the Tanjung Formation. Additional minor seams and splits have been located, however they do not fit within basic economic criteria, they are thin and the lateral distribution is not well understood. The primary seams from oldest to youngest are: Seam-A, B1, B2, C1, C2, C3, C4, D1, D2, D3, D4, D5 and D6. Geological continuity is based upon nominal 400m and 480m (strike) drill spacing and the down-dip continuity of the seams is based upon surface observations (outcrops) as well as associated down-dip drilling intersections. The scarcity of down-dip drilling intersections poses a moderate risk to the overall estimate. The geological logs supplied to Ravensgate included reference to 13 main seams. Ravensgate prioritized the seams on the basis of thickness and most lacked quality data (ash content and calorific value) and spatial distribution of intersections. The following seams are considered the most prospective and were initially modelled by Ravensgate; The resource estimations presented here were generated using standard 3-D wire-framing techniques. The amount of thickness and quality data was insufficient for geostatistical analysis and subsequent interpolation using a sophisticated algorithm such as kriging. Ravensgate therefore relied on a
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Dimensions

Estimation and modelling techniques

standard length weighted arithmetic mean for the width. The estimate is essentially polygonal Moderate risk Moisture Mining factors and assumptions Tonnage calculations were carried on a dry basic to conform to the reported assay results. An open pit method was assumed with a minimum seam thickness of 0.2m where seams are a part of a group and 0.4m where the seam if the floor of a mining cut. The 125m down dip extrapolation was used to confine the estimate to material with possible economic potential. Given the shallow to moderately shallow dip of the seams this effectively confines the depth of the resource to within 100m of the surface. Ravensgate applied a minimum vertical seam thickness of 0.4m in selecting seams for wireframe modelling. No contaminant coal chemistry factors were assumed. Average qualities are based on a proximate analysis a density derived from analysis. A bulk density of 1.45 t/m3 was used based analysis, this was applied to seams with no analysis, while seams with analysis used the average of analysis over that seam. Typically 1.3 t/m3 us used in Kalimantan coal deposits, which is a conservative number. Use of the lower bulk density removes around 2 million tonnes of inferred resource from the estimate. Ravensgate used the 1.45 t/m3 as we preferred to use analysed values. Ravensgate notes that the population of samples was very small so represents a moderate risk as the bulk density has a high sensitivity with regard to effect on the estimate. The Australian Guidelines for Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves 2003 have been referred to as suggested in the JORC code. No independent audits or reviews, other than Ravensgates internal peer review have been carried out over this estimate. Low Risk Discussion of Relative accuracy / confidence The reported grades and tonnages have been rounded to significant figures in line with the detection limits and constraints of the estimation calculations, in accordance with recommendations of the JORC Code.

Cut-off parameters Metallurgical Factors Bulk Density

Classification

Audits or reviews

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6.

CONCLUSIONS AND RECOMMENDATIONS

The presently available data was sufficient to estimate an inferred resource however, additional data is required to produce an estimate which may include indicated and measured resources. Topographical data is required to increase confidence in any resource estimate over the concession. Without topographical data no resource above inferred should be estimated. Some of the section lines upon which the drilling was carried out need additional bore holes to better define the resource such that indicated and measured resources can be estimated. Additional holes and field mapping are also required to resolve the faulting within the concession. It is possible that a few small strike slip faults explain apparent deformation in some coal seams of the concession. A few well placed bore holes should also be able to remove much of the ambiguity around the thrust faulting, which could be one major structure or a system of smaller faults. In effect thrust faulting stacks coal. If it is a system of small ones the effective thickness of coal can be increased while larger structures will tend to over stack seams. Though 216 samples were taken during the drilling phase, only 35 were analytically tested. All samples obtained from the drilling should be submitted for assay to remove any bias created by selectively testing coal that appears to be of a higher quality.

7.

REFERENCES
Australian Guidelines for the Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves, 2003 Exploration Report (translation of) IKK Pt. Agung Bara Prima, Exploration Report Volume II Photograph of Core Description, Pt. Ideal Kajibumi Konsultan, November 2007 Pt. Agung Bara Prima, Exploration Report Volume III Geophysical survey and graphical logs plots, Pt. Ideal Kajibumi Konsultan, November 2007

8.

EFFECTIVE DATE OF ESTIMATE

The effective date of the Mineral Resource Estimate is 21st July 2008.

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9.

GLOSSARY
Aeromagnetic A survey undertaken by helicopter or fixed-wing aircraft for the purpose of recording magnetic characteristics of rocks by measuring deviations of the Earths magnetic field. Data pertaining to the physical properties of the Earths crust at or near surface and collected from an aircraft. Drilling method employing a drill bit that yields sample material which is delivered to the surface inside the rod string by compressed air. Pertaining to silt, sand and gravel material, transported and deposited by a river. Clay silt, sand, gravel, or other rock materials transported by flowing water and deposited in comparatively recent geologic time as sorted or semi-sorted sediments in riverbeds, estuaries, and flood plains, on lakes, shores and in fans at the base of mountain slopes and estuaries. The change in the mineral composition of a rock, commonly due to hydrothermal activity. An intermediate volcanic rock composed of andesine and one or more mafic minerals. An area where exploration has revealed results higher than the local background level. An anticline-like structure. The oldest rocks of the Precambrian era, older than about 2,500 million years. The testing and quantification metals of interest within a sample. Chemical symbol for gold. Any solid rock underlying unconsolidated material. Rock of sedimentary or hydrothermal origin, composed primarily of calcium, magnesium or iron and CO3. Essential component of limestones and marbles. Fine grained sedimentary rock composed of cryptocrystalline silica. A green coloured hydrated aluminium-iron-magnesium silicate mineral (mica) common in metamorphic rocks. Pertaining to a rock made up of fragments or pebbles (clasts). The lack of gold in the near-surface environment due to leaching processes during weathering. A medium grained mafic intrusive rock composed mostly of pyroxenes and sodium-calcium feldspar. Deformation of rocks or rock structures involving stretching or bending in a plastic manner without breaking. A tabular body of intrusive igneous rock, crosscutting the host strata at a high angle. The group of physical and chemical processes by which earth or rock material is loosened or dissolved and removed from any part of the Earths surface. A wide zone of structural dislocation and faulting. A group of rock forming minerals. An adjective indicating that a rock contains abundant feldspar and silica.
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airborne geophysical data Aircore Alluvial Alluvium

Alteration Andesite Anomalies Antiformal Archaean Assayed Au Bedrock Carbonate

Chert Chlorite Clastic Depletion Dolerite Ductile Dykes Erosional

fault zone Feldspar Felsic

Foliated follow-up g/t Gabbro Geochemical Geophysical Granite Granodiorite greywackes hydrothermal fluids igneous infill intermediate intrusions ironstone joint venture laterite lead magnetite metamorphic Mt mylonite outcrops pegmatite

porphyries ppb Proterozoic regolith residual resources

Banded rocks, usually due to crystal differentiation as a result of metamorphic processes. A term used to describe more detailed exploration work over targets generated by regional exploration. Grams per tonne, a standard volumetric unit for demonstrating the concentration of precious metals in a rock. A fine to coarse grained, dark coloured, igneous rock composed mainly of calcic plagioclase, clinopyroxene and sometimes olivine. Pertains to the concentration of an element. Pertains to the physical properties of a rock mass. A coarse-grained igneous rock containing mainly quartz and feldspar minerals and subordinate micas. A coarse grained igneous rock composed of quartz, feldspar and hornblende and/or biotite. A sandstone like rock, with grains derived from a dominantly volcanic origin. Pertaining to hot aqueous solutions, usually of magmatic origin, which may transport metals and minerals in solution. Rocks that have solidified from a magma. Refers to sampling or drilling undertaken between pre-existing sample points. A rock unit which contains a mix of felsic and mafic minerals. A body of igneous rock which has forced itself into pre-existing rocks. A rock formed by cemented iron oxides. A business agreement between two or more commercial entities. A cemented residuum of weathering, generally leached in silica with a high alumina and/or iron content. A metallic element, the heaviest and softest of the common metals. A mineral comprising iron and oxygen which commonly exhibits magnetic properties. A rock that has been altered by physical and chemical processes involving heat, pressure and derived fluids. Million Tonnes. A hard compact rock with a streaky or banded structure produced by extreme granulation of the original rock mass in a fault or thrust zone. Surface expression of underlying rocks. A very coarse grained intrusive igneous rock which commonly occurs in dyke-like bodies containing lithium-boron-fluorine-rare earth bearing minerals. Felsic intrusive or sub-volcanic rock with larger crystals set in a fine groundmass. Parts per billion; a measure of low level concentration. An era of geological time spanning the period from 2,500 million years to 570 million years before present. The layer of unconsolidated material which overlies or covers in situ basement rock. Soil and regolith which has not been transported from its point or origin. In situ mineral occurrence from which valuable or useful minerals may be recovered.

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rhyolite rock chip sampling schist scree sedimentary sericite shale sheared sheet wash

silica sills silts soil sampling stocks strata stratigraphic stream sediment sampling strike sulphide supergene tectonic veins volcanics zinc

Fine-grained felsic igneous rock containing high proportion of silica and felspar. The collection of rock specimens for mineral analysis. A crystalline metamorphic rock having a foliated or parallel structure due to the recrystallisation of the constituent minerals. The rubble composed of rocks that have formed down the slope of a hill or mountain by physical erosion. A term describing a rock formed from sediment. A white or pale apple green potassium mica, very common as an alteration product in metamorphic and hydrothermally altered rocks. A fine grained, laminated sedimentary rock formed from clay, mud and silt. A zone in which rocks have been deformed primarily in a ductile manner in response to applied stress. Referring to sediment, usually sand size, deposited over broad areas characterised by sheet flood during storm or rain events. Superficial deposit formed by low temperature chemical processes associated with ground waters, and composed of fine grained, water-bearing minerals of silica. Dioxide of silicon, SiO2, usually found as the various forms of quartz. Sheets of igneous rock which is flat lying or has intruded parallel to stratigraphy. Fine-grained sediments, with a grain size between those of sand and clay. The collection of soil specimens for mineral analysis. A small intrusive mass of igneous rock, usually possessing a circular or elliptical shape in plan view. Sedimentary rock layers. Composition, sequence and correlation of stratified rocks. The collection of samples of stream sediment with the intention of analysing them for trace elements. Horizontal direction or trend of a geological structure. Poorly exposed bedrock. A general term to cover minerals containing sulphur and commonly associated with mineralisation. Process of mineral enrichment produced by the chemical remobilisation of metals in an oxidised or transitional environment. Pertaining to the forces involved in or the resulting structures of movement in the Earths crust. A thin infill of a fissure or crack, commonly bearing quartz. Formed or derived from a volcano. A lustrous, blueish-white metallic element used in many alloys including brass and bronze.

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APPENDIX HEADING
Outcrop Mapping in UPM Coordinates system
Outcrop HS/PJ-21 HS/PJ-08 HS/PJ-13 S/PJ-07 S/PJ-06 HS/ED-01 S/PJ-04 S/PJ-05 S/PJ-03 S/PJ-02 S/PJ-01 HS/PJ-09 HS/PJ-10 HS/PJ-14 HS/AS-01 S/AS-02 HS/PJ-12 S/PJ-11 HS/PJ-15 S/AS-03 S/RD-01 S/ED-20 HS/PJ-23 HS/ED-16 HS/AS-04 S/ED-03 HS/ED-15 S/ED-27 HS/ED-04 HS/RD-02 S/ED-14 S/ED-11 HS/ED-10 HS/ED-12 S/ED-13 HS/PJ-20 HS/ED-19 S/ED-09 S/ED-08 S/AS-05 HS/ED-17 HS/ED-07 S/ED-05 HS/ED-06 HS/ED-18 Easting 221896 221152 221313 221147 221209 221668 221283 221200 221314 221336 221394 221439 221364 221954 221614 221594 221090 221174 221941 221609 221657 221388 222119 220994 221514 221446 221022 222700 221418 221725 221039 221135 221173 221102 221070 221893 221224 221196 221225 221504 221136 221251 221285 221273 221149 Northing 9877754 9876763 9876859 9877019 9877090 9877102 9877126 9877142 9877145 9877176 9877192 9877217 9877230 9877280 9877295 9877310 9877318 9877319 9877328 9877333 9877376 9877445 9877463 9877469 9877469 9877485 9877492 9877496 9877501 9877510 9877512 9877516 9877521 9877524 9877527 9877531 9877534 9877535 9877535 9877536 9877546 9877554 9877562 9877565 9877580 Elevation 110 129 121 123 121 106 117 121 116 115 113 112 114 104 105 105 121 118 105 105 105 108 114 114 103 105 114 117 106 108 113 111 111 112 112 109 111 111 111 103 113 111 111 110 116

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HS/ED-21 S/HR-01 S/HR-02 S/PJ-24 HS/HR-28 S/HR-03 HS/PJ-22 S/ED-02 HS/AS-06 S/AS-07 S/RD-03 HS/AS-09 S/HR-05 S/AS-08 HS/PJ-16 HS/AS-12 HS/AS-10 HS/HR-04 S/HR-06 HS/AS-19 S/AS-33 S/AS-13 HS/AS-18 S/AS-20 HS/HR-07 HS/RD-08 S/RD-04 HS/AS-14 HS/AS-15 HS/RD-09 S/HR-08 HS/AS-16 HS/AS-17 HS/RD-05 S/HR-09 HS/RD-06 HS/PJ-17 S/RD-10 S/HR-10 HS/RD-07 S/RD-11 HS/RD-34 HS/HR-24 HS/AS-24 HS/AS-21 HS/AS-22 HS/AS-23 S/RD-12 S/RD-13 HS/AS-25 S/RD-14 S/RD-15

221333 221502 221552 222025 221566 221624 221886 222412 221484 221484 221817 221461 221727 221490 222130 221400 221446 221692 221766 221180 221346 221371 221259 221411 221753 221939 221827 221289 221283 221818 221650 221273 221241 221851 221649 221868 222187 221785 221634 221928 221799 221778 222009 222337 221461 221396 221405 221773 221973 222212 222020 222056

9877583 9877591 9877595 9877625 9877645 9877653 9877655 9877655 9877663 9877693 9877729 9877736 9877736 9877741 9877745 9877748 9877756 9877761 9877762 9877767 9877768 9877774 9877790 9877801 9877808 9877809 9877816 9877819 9877827 9877848 9877862 9877880 9877881 9877884 9877889 9877892 9877900 9877904 9877918 9877920 9877931 9877981 9877985 9877986 9878005 9878044 9878070 9878073 9878076 9878087 9878113 9878150

110 103 102 115 105 106 112 113 103 103 112 103 108 103 116 101 102 107 110 100 102 101 100 102 110 113 112 100 100 112 113 100 100 113 113 113 121 111 114 114 112 113 115 127 102 102 102 115 117 124 118 121
Page 44 of 54

S/RD-19 S/AS-26 HS/RD-31 S/RD-16 HS/ED-26 HS/PJ-18 HS/PJ-19 HS/HR-11 HS/PJ-25 HS/AS-27 HS/HR-12 S/RD-17 S/RD-18 HS/AS-32 HS/AS-31 HS/AS-30 S/ED-22 S/HR-27 HS/AS-28 HS/ED-23 HS/ED-24 HS/AS-29 HS/RD-20 HS/ED-25 S/RD-22 S/HR-26 HS/RD-23 S/RD-21 HS/HR-25 S/RD-32 S/HR-20 HS/HR-19 S/HR-17 HS/HR-18 S/HR-16 S/HR-13 S/HR-14 HS/HR-22 S/RD-24 HS/HR-23 S/HR-15 HS/HR-21 S/RD-25 S/RD-26 S/RD-33 HS/RD-30 HS/RD-28 S/RD-27 HS/RD-29 HS/AS-11

222015 222217 221958 222071 221450 222239 222270 221774 222401 223435 221838 222179 222281 222000 221999 222003 221025 222252 222004 221046 221043 222072 222458 221098 222526 222278 222586 222507 222323 222482 221418 221465 221508 221489 221534 221667 221584 221473 222743 222243 221565 221288 222753 222660 222690 222851 222615 222785 222582 221387

9878162 9878203 9878206 9878236 9878245 9878272 9878272 9878288 9878348 9878368 9878368 9878372 9878407 9878477 9878487 9878496 9878499 9878540 9878544 9878570 9878590 9878626 9878634 9878637 9878640 9878665 9878674 9878699 9878710 9878716 9878822 9878845 9878857 9878873 9878876 9878881 9878884 9878890 9878890 9878898 9878910 9878926 9878947 9879015 9879063 9879111 9879139 9879140 9879208 98777726

119 125 122 124 124 69 67 121 62 87 123 128 130 114 113 107 108 140 109 106 106 111 123 108 121 134 118 123 132 124 116 115 114 114 114 111 113 114 115 134 113 121 115 118 119 122 124 121 126 102

Page 45 of 54

APPENDIX HEADING 2
Appendix Title
Easting Collar X 222242.6 222582.4 221450.0 222615.0 221838.0 221774.0 221287.9 222000.0 221999.0 222072.0 222004.0 222003.0 221461.0 221396.0 221405.0 221289.0 221241.0 221283.0 221273.0 221259.0 221180.0 222004.8 221149.0 221022.0 220994.0 221039.0 221070.0 222004.8 221411.0 221345.5 221387.0 221371.0 221371.0 221400.0 221357.0 221329.4 222171.2 221685.1 221804.7 222767.7 221357.0 222171.2 222767.7 222252.0 222277.8 221958.2 Northing Collar Y 9878897.6 9879207.7 9878245.0 9879139.4 9878368.0 9878288.0 9878926.4 9878477.0 9878487.0 9878626.0 9878544.0 9878496.0 9878005.0 9878044.0 9878070.0 9877819.0 9877881.0 9877827.0 9877880.0 9877790.0 9877767.0 9878440.1 9877580.0 9877492.0 9877469.0 9877512.0 9877527.0 9878440.1 9877801.0 9877767.8 9877726.0 9877774.0 9877774.0 9877748.0 9878752.6 9877570.3 9878289.5 9878846.1 9877888.1 9878824.6 9878752.6 9878289.5 9878824.6 9878539.8 9878664.5 9878206.3 Elevation Collar Z 134.5 125.8 124.0 123.9 123.0 121.0 120.7 114.1 113.5 111.0 109.0 107.0 102.0 102.0 102.0 100.0 100.0 100.0 100.0 100.0 100.0 120.0 116.0 114.0 114.0 113.0 112.0 120.0 102.0 102.0 102.0 101.0 101.0 101.0 120.0 110.0 130.0 114.0 116.0 120.0 120.0 130.0 120.0 140.3 133.6 122.4 Sample Zfrom 133.0 125.3 123.0 122.9 122.0 120.0 119.7 113.1 112.5 110.0 107.7 106.0 101.0 100.5 100.3 99.0 99.0 98.8 98.6 98.5 98.5 72.7 115.5 113.5 112.6 112.5 111.5 104.5 101.0 101.0 100.7 100.0 100.0 99.6 76.3 66.0 64.7 52.0 45.1 28.6 76.3 64.7 28.6 139.3 132.6 120.9 Sample Ztoo 132.3 124.7 122.6 122.1 121.5 119.5 119.2 112.8 111.8 109.5 107.6 105.7 100.8 100.1 100.2 98.6 98.8 98.6 98.5 97.9 98.3 72.3 114.8 113.0 112.6 111.3 109.6 104.4 99.6 99.4 100.4 99.9 98.7 99.3 73.6 65.3 63.6 51.9 44.9 26.6 75.6 64.5 27.9 137.0 131.6 120.2 Bore Hole HS/HR-23 HS/RD-29 HS/ED-26 HS/RD-28 HS/HR-12 HS/HR-11 HS/HR-21 HS/AS-32 HS/AS-31 HS/AS-29 HS/AS-28 HS/AS-30 HS/AS-21 HS/AS-22 HS/AS-23 HS/AS-14 HS/AS-17 HS/AS-15 HS/AS-16 HS/AS-18 HS/AS-19 ABP-07A HS/ED-18 HS/ED-15 HS/ED-16 S/ED-14 S/ED-13 ABP-07A S/AS-20 S/AS-33 HS/AS-11 S/AS-13 S/AS-13 HS/AS-12 ABP-14 ABP-01A ABP-08 ABP-13 ABP-04 ABP-10 ABP-14 ABP-08 ABP-10 S/HR-27 S/HR-26 HS/RD-31 Seam Code A A A A A A A A A A A A A A A A A A A A A A B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1 B1_Int B1_Int B1_int B2 B2 B2 Lithology Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal BdBC Coal Coal Coal Coal Coal BdBC Coal Coal Coal Int Coal Coal BdBC BdBC BdBC BdBC BdC BdBC Int Int Int Coal Coal Coal Thickness (m) 0.70 0.60 0.40 0.85 0.50 0.50 0.50 0.34 0.66 0.53 0.16 0.34 0.18 0.33 0.17 0.40 0.17 0.18 0.13 0.62 0.21 0.44 0.66 0.46 0.06 1.16 1.90 0.14 1.44 1.61 0.35 0.14 1.27 0.28 2.70 0.78 1.06 0.05 0.18 1.96 0.70 0.20 0.69 2.31 1.00 0.65
Page 46 of 54

221773.0 220994.0 221634.0 221102.0 221070.0 221446.0 221329.4 221357.0 221685.1 222767.7 221422.1 222767.7 221357.0 221357.0 222179.4 221489.2 221778.3 221565.0 221135.0 221173.0 221667.0 221461.0 222171.2 221357.0 221329.4 221804.7 221685.1 222767.7 221422.1 221329.4 221472.8 221685.1 221685.1 222071.0 222015.0 221418.2 221465.2 221533.6 221565.0 221357.0 222171.2 221329.4 221804.7 221685.1 222767.7 221422.1 221804.7 221804.7 221685.1 221685.1 222785.3 222689.5

9878073.0 9877469.0 9877918.0 9877524.0 9877527.0 9877756.0 9877570.3 9878752.6 9878846.1 9878824.6 9877455.3 9878824.6 9878752.6 9878752.6 9878372.4 9878872.8 9877980.7 9878910.0 9877516.0 9877521.0 9878880.7 9877736.0 9878289.5 9878752.6 9877570.3 9877888.1 9878846.1 9878824.6 9877455.3 9877570.3 9878890.1 9878846.1 9878846.1 9878236.0 9878162.0 9878821.7 9878844.6 9878875.7 9878910.0 9878752.6 9878289.5 9877570.3 9877888.1 9878846.1 9878824.6 9877455.3 9877888.1 9877888.1 9878846.1 9878846.1 9879139.9 9879062.9

115.0 114.0 114.0 112.0 112.0 102.0 110.0 120.0 114.0 120.0 103.0 120.0 120.0 120.0 128.1 113.9 113.0 113.0 111.0 111.0 111.0 103.0 130.0 120.0 110.0 116.0 114.0 120.0 103.0 110.0 114.0 114.0 114.0 123.6 119.0 116.2 115.2 113.9 113.0 120.0 130.0 110.0 116.0 114.0 120.0 103.0 116.0 116.0 114.0 114.0 120.7 118.8

114.5 113.5 112.4 110.5 109.4 101.0 85.1 82.9 55.0 37.9 18.1 37.9 79.3 87.3 127.1 112.9 111.8 111.7 110.5 110.0 110.0 100.0 93.4 92.1 90.0 69.7 56.2 45.9 23.4 90.0 113.0 75.6 75.6 122.6 118.5 115.2 114.2 112.9 112.5 103.7 98.5 96.6 73.3 63.1 53.0 29.5 73.3 77.3 78.6 78.6 119.7 117.8

113.3 112.7 111.4 109.8 109.1 100.3 84.5 81.6 55.0 33.7 17.4 36.1 78.5 85.0 125.7 112.1 111.2 110.0 109.3 109.8 108.7 99.3 92.1 90.1 88.4 69.2 55.4 43.4 22.2 89.0 112.2 74.9 75.3 121.4 117.4 113.9 113.4 111.9 112.3 102.6 97.9 95.2 71.5 62.1 52.1 28.4 72.2 76.9 76.5 78.1 118.6 116.5

S/RD-12 HS/ED-16 S/HR-10 HS/ED-12 S/ED-13 HS/AS-10 ABP-01A ABP-14 ABP-13 ABP-10 ABP-02A ABP-10 ABP-14 ABP-14 S/RD-17 HS/HR-18 HS/RD-34 S/HR-15 S/ED-11 HS/ED-10 S/HR-13 HS/AS-09 ABP-08 ABP-14 ABP-01A ABP-04 ABP-13 ABP-10 ABP-02A ABP-01A HS/HR-22 ABP-13 ABP-13 S/RD-16 S/RD-19 S/HR-20 HS/HR-19 S/HR-16 S/HR-15 ABP-14 ABP-08 ABP-01A ABP-04 ABP-13 ABP-10 ABP-02A ABP-04 ABP-04 ABP-13 ABP-13 S/RD-27 S/RD-33

B2 B2 B2 B2 B2 B2 B2 B2 B2 B2 B2 B2_Int B2L B2U C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1 C1_Int C1L C1X C1X_Int C2 C2 C2 C2 C2 C2 C2 C2 C2 C2 C2 C2 C2 C2_Int C2U C2X C2X_Int C3 C3

Coal Coal Coal Coal Coal Coal BdBC BdBC BdBC BdBC BdBC Int BdBC BdC Coal Coal Coal Coal Coal Coal Coal Coal BdBC BdBC BdDC BdBC BdBC BdBC BdBC Int Coal BdBC Int Coal Coal Coal Coal Coal Coal BdBC BdBC BdDC BdBC BdBC BdBC BdBC Int BdBC BdBC Int Coal Coal

1.24 0.77 1.00 0.71 0.30 0.74 0.64 1.32 0.05 4.23 0.68 1.77 0.80 2.25 1.36 0.87 0.55 1.71 1.20 0.18 1.26 0.68 1.26 2.05 1.64 0.47 0.78 2.45 1.22 1.04 0.80 0.73 0.25 1.19 1.09 1.30 0.80 1.00 0.20 1.08 0.58 1.42 1.81 1.00 0.91 1.05 1.03 0.38 2.12 0.45 1.12 1.29
Page 47 of 54

221508.3 221357.0 221649.0 221799.0 221285.0 221224.0 221251.0 221273.0 222171.2 221043.0 221329.4 221490.0 221804.7 221685.1 222767.7 221422.1 221900.9 222171.2 221685.1 222281.0 222851.0 222056.2 221357.0 221357.0 222019.6 222659.7 222171.2 221650.0 221584.0 221225.0 221785.0 221333.0 221329.4 221046.2 221484.0 221804.7 221685.1 221685.1 222767.7 221422.1 221900.9 222372.1 222659.7 222171.2 221584.0 221329.4 221804.7 222767.7 221422.1 221900.9 222372.1 221685.1

9878856.7 9878752.6 9877889.0 9877931.0 9877562.0 9877534.0 9877554.0 9877565.0 9878289.5 9878590.0 9877570.3 9877741.0 9877888.1 9878846.1 9878824.6 9877455.3 9877771.5 9878289.5 9878846.1 9878407.0 9879111.0 9878149.6 9878752.6 9878752.6 9878112.5 9879015.3 9878289.5 9877862.0 9878884.0 9877535.0 9877904.0 9877583.0 9877570.3 9878570.1 9877693.0 9877888.1 9878846.1 9878846.1 9878824.6 9877455.3 9877771.5 9878117.7 9879015.3 9878289.5 9878884.0 9877570.3 9877888.1 9878824.6 9877455.3 9877771.5 9878117.7 9878846.1

113.9 120.0 113.0 112.0 111.0 111.0 111.0 110.0 130.0 106.0 110.0 103.0 116.0 114.0 120.0 103.0 115.0 130.0 114.0 130.0 122.0 121.2 120.0 120.0 118.5 118.4 130.0 113.0 113.0 111.0 111.0 110.0 110.0 105.8 103.0 116.0 114.0 114.0 120.0 103.0 115.0 110.0 118.4 130.0 113.0 110.0 116.0 120.0 103.0 115.0 110.0 114.0

112.9 112.2 112.0 111.0 110.7 110.5 110.0 109.6 105.6 105.0 104.1 102.0 85.1 69.8 58.8 35.9 25.4 105.6 93.8 129.5 121.5 120.2 118.5 118.5 117.5 117.4 112.8 112.0 111.5 110.5 110.0 109.5 108.8 104.8 96.3 96.2 74.2 74.2 67.6 44.0 34.0 17.1 117.4 112.8 111.5 108.8 96.2 67.6 44.0 34.0 17.1 105.7

110.7 109.5 110.4 109.7 107.7 109.4 109.1 108.7 102.3 104.4 102.1 100.9 82.7 67.5 56.5 34.2 23.4 105.1 79.9 128.4 121.1 118.6 117.5 114.7 116.0 115.6 106.5 108.3 102.5 108.7 108.6 108.8 106.8 103.7 95.0 88.3 73.3 72.1 59.3 37.9 27.6 11.9 117.2 111.3 111.2 108.2 95.6 65.3 42.6 31.9 15.2 95.4

S/HR-17 ABP-14 S/HR-09 S/RD-11 S/ED-05 HS/ED-19 HS/ED-07 HS/ED-06 ABP-08 HS/ED-24 ABP-01A S/AS-08 ABP-04 ABP-13 ABP-10 ABP-02A ABP-05 ABP-08 ABP-13 S/RD-18 HS/RD-30 S/RD-15 ABP-14 ABP-14 S/RD-14 S/RD-26 ABP-08 S/HR-08 S/HR-14 S/ED-09 S/RD-10 HS/ED-21 ABP-01A HS/ED-23 S/AS-07 ABP-04 ABP-13 ABP-13 ABP-10 ABP-02A ABP-05 ABP-09 S/RD-26 ABP-08 S/HR-14 ABP-01A ABP-04 ABP-10 ABP-02A ABP-05 ABP-09 ABP-13

C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3 C3_Int C3X C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4 C4_Int C4_Int C4_Int C4_Int C4_Int C4_Int C4_Int C4_Int C4_Int C4X

Coal BdBC Coal Coal Coal Coal Coal Coal BdBC Coal BdBC Coal BdBC BdBC BdBC BdBC BdBC BdBC BdBC Coal Coal Coal Int BdBC Coal Coal BdBC Coal Coal Coal Coal Coal BdBC Coal Coal BdBC Int BdBC BdBC BdBC BdBC BdBC Int Int Int Int Int Int Int Int Int BdBC

2.29 2.65 1.56 1.34 3.02 1.12 0.87 0.89 3.24 0.57 2.00 1.11 2.38 2.35 2.32 1.78 2.00 0.46 13.91 1.06 0.45 1.60 0.96 3.80 1.44 1.82 6.26 3.71 9.00 1.76 1.39 0.72 1.98 1.08 1.30 7.98 0.90 2.08 8.24 6.03 6.35 5.14 0.23 1.43 0.26 0.57 0.67 2.29 1.35 2.06 1.86 10.25
Page 48 of 54

221685.1 221973.1 221851.0 221484.0 221484.0 222239.0 221484.0 222767.7 221422.1 222481.7 221090.0 222009.0 222753.5 221928.0 221868.0 221827.0 221818.0 221753.0 221692.0 221566.0 221502.0 222767.7 221422.1 221900.9 221502.0 222767.7 221900.9 222216.6 222507.0 221174.0 222742.7 221766.0 221388.0 221727.0 221098.0 221025.0 221418.0 221624.0 221446.0 222767.7 221566.0 221504.0 221552.0 222538.4 222530.0 221422.1 221900.9 222270.0 221467.4 222401.0 222372.1 222216.6

9878846.1 9878075.5 9877884.0 9877663.0 9877693.0 9878272.0 9877693.0 9878824.6 9877455.3 9878716.4 9877318.0 9877985.0 9878947.1 9877920.0 9877892.0 9877816.0 9877848.0 9877808.0 9877761.0 9877645.1 9877591.0 9878824.6 9877455.3 9877771.5 9877591.0 9878824.6 9877771.5 9878202.7 9878699.0 9877319.0 9878890.1 9877762.0 9877445.0 9877736.0 9878637.0 9878499.0 9877501.0 9877653.0 9877485.0 9878824.6 9877645.1 9877536.0 9877595.0 9878606.1 9878614.6 9877455.3 9877771.5 9878272.0 9877400.1 9878348.0 9878117.7 9878202.7

114.0 117.3 113.0 103.0 103.0 68.6 103.0 120.0 103.0 124.1 121.0 115.1 115.3 114.0 113.0 112.0 112.0 110.0 107.0 104.8 103.0 120.0 103.0 115.0 103.0 120.0 115.0 124.1 123.0 118.0 114.6 110.0 108.0 108.0 108.0 107.8 106.0 106.0 105.0 120.0 104.8 103.0 102.0 122.0 123.0 103.0 115.0 66.9 103.0 61.6 110.0 124.1

105.7 116.3 112.0 101.8 101.2 68.1 101.2 86.4 49.7 123.6 119.5 114.6 114.3 113.0 112.0 111.5 111.0 109.0 106.2 103.8 102.0 90.1 78.1 64.1 102.0 90.1 64.1 124.1 122.0 117.0 113.6 109.0 107.5 107.2 107.0 106.8 105.0 104.8 104.5 103.6 103.3 102.0 101.0 98.8 98.8 91.2 78.1 66.4 65.5 61.1 54.3 124.1

104.8 114.6 111.4 101.7 96.6 67.5 100.5 86.3 49.6 122.3 119.0 114.1 113.0 112.1 111.3 110.2 110.1 107.7 105.8 103.6 100.7 87.4 77.1 62.5 101.7 89.8 63.4 122.0 120.3 115.8 112.5 106.8 105.2 106.1 106.1 105.7 104.4 102.7 101.4 100.5 103.2 100.6 98.4 96.5 96.3 88.3 75.3 65.7 62.7 60.6 51.5 123.8

ABP-13 S/RD-13 HS/RD-05 HS/AS-06 S/AS-07 HS/PJ-18 S/AS-07 ABP-10 ABP-02A S/RD-32 HS/PJ-12 HS/HR-24 S/RD-25 HS/RD-07 HS/RD-06 S/RD-04 HS/RD-09 HS/HR-07 HS/HR-04 HS/HR-28 S/HR-01 ABP-10 ABP-02A ABP-05 S/HR-01 ABP-10 ABP-05 S/AS-26 S/RD-21 S/PJ-11 S/RD-24 S/HR-06 S/ED-20 S/HR-05 HS/ED-25 S/ED-22 HS/ED-04 S/HR-03 S/ED-03 ABP-10 HS/HR-28 S/AS-05 S/HR-02 ABP-11 ABP-12 ABP-02A ABP-05 HS/PJ-19 ABP-03 HS/PJ-25 ABP-09 S/AS-26

C4X_Int C5 C5 C5 C5 C5 C5_Int D1 D1 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2 D2_Int D2_Int D2_Int D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3 D3_Int

Int Coal Coal Coal Coal Coal Int BdBC BdC Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal BdBC BdDC BdC Int Int Int Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal BdBC Coal Coal Coal BdDC BdBC BdBC BdBC Coal BdBC Coal BdBC Int

0.88 1.66 0.58 0.15 4.60 0.57 0.74 0.12 0.15 1.28 0.50 0.50 1.32 0.91 0.66 1.32 0.91 1.35 0.40 0.15 1.30 2.75 0.99 1.55 0.29 0.34 0.65 2.07 1.71 1.16 1.12 2.17 2.33 1.08 0.94 1.07 0.56 2.07 3.06 3.12 0.13 1.43 2.60 2.29 2.50 2.83 2.80 0.70 2.77 0.47 2.82 0.35
Page 49 of 54

222507.0 222538.4 221422.1 222372.1 222458.0 222538.4 222530.0 221514.0 221467.4 222372.1 222212.3 222526.0 222538.4 222586.0 222530.0 221939.0 221817.0 221514.0 221900.9 221467.4 222372.1 222049.3 222538.4 222530.0 221900.9 222372.1 221147.0 221209.0 222130.0 221314.0 221283.0 221364.0 221336.0 222025.0 221336.0 221439.0 221394.0 221896.0 221609.0 221657.0 221594.0 222049.3 221147.0 221896.0 221609.0 221594.0 222049.3 222337.0 222186.6 221200.0 221200.0 221147.0

9878699.0 9878606.1 9877455.3 9878117.7 9878634.0 9878606.1 9878614.6 9877469.0 9877400.1 9878117.7 9878086.6 9878640.0 9878606.1 9878674.0 9878614.6 9877809.0 9877729.0 9877469.0 9877771.5 9877400.1 9878117.7 9877605.2 9878606.1 9878614.6 9877771.5 9878117.7 9877019.0 9877090.0 9877745.1 9877145.0 9877126.0 9877230.0 9877176.0 9877625.0 9877176.0 9877217.0 9877192.0 9877754.0 9877333.0 9877376.0 9877310.0 9877605.2 9877019.0 9877754.0 9877333.0 9877310.0 9877605.2 9877985.7 9877900.3 9877142.0 9877142.0 9877019.0

123.0 122.0 103.0 110.0 123.0 122.0 123.0 103.0 103.0 110.0 123.9 121.0 122.0 118.0 123.0 113.0 112.0 103.0 115.0 103.0 110.0 117.0 122.0 123.0 115.0 110.0 123.0 121.0 116.5 116.0 117.0 114.0 115.0 115.3 115.0 112.0 113.0 109.8 105.0 105.0 105.0 117.0 123.0 109.8 105.0 105.0 117.0 126.6 120.8 121.0 121.0 123.0

122.0 98.8 91.2 54.3 122.5 110.7 105.6 100.8 80.6 69.7 122.9 120.0 117.1 117.0 112.3 112.0 111.5 100.8 99.0 87.8 75.7 40.8 117.1 112.3 99.0 75.7 121.5 119.5 115.7 114.5 114.5 113.0 113.0 112.7 112.2 111.5 111.5 108.8 104.1 104.0 103.4 98.9 121.5 108.8 104.1 103.4 98.9 122.3 120.5 119.5 119.0 118.6

121.8 98.4 90.8 53.3 121.9 110.2 105.0 100.3 80.2 69.2 122.5 118.9 114.6 116.3 109.2 111.4 109.9 100.8 96.7 86.6 74.0 40.7 116.4 111.6 98.6 75.2 119.1 118.9 115.1 113.2 113.0 112.6 111.3 111.8 112.1 111.0 110.9 107.4 102.8 102.6 102.2 96.4 121.1 108.3 103.8 103.2 98.5 121.2 119.8 117.7 118.1 118.3

S/RD-21 ABP-11 ABP-02A ABP-09 HS/RD-20 ABP-11 ABP-12 HS/AS-04 ABP-03 ABP-09 HS/AS-25 S/RD-22 ABP-11 HS/RD-23 ABP-12 HS/RD-08 S/RD-03 HS/AS-04 ABP-05 ABP-03 ABP-09 ABP-06 ABP-11 ABP-12 ABP-05 ABP-09 S/PJ-07 S/PJ-06 HS/PJ-16 S/PJ-03 S/PJ-04 HS/PJ-10 S/PJ-02 S/PJ-24 S/PJ-02 HS/PJ-09 S/PJ-01 HS/PJ-21 S/AS-03 S/RD-01 S/AS-02 ABP-06 S/PJ-07 HS/PJ-21 S/AS-03 S/AS-02 ABP-06 HS/AS-24 HS/PJ-17 S/PJ-05 S/PJ-05 S/PJ-07

D3_Int D3_Int D3_Int D3_Int D4 D4 D4 D4 D4 D4 D5 D5 D5 D5 D5 D5 D5 D5 D5 D5 D5 D5 D5_Int D5_Int D5_Int D5_Int D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6 D6_Int D6_Int D6_Int D6_Int D6_Int D6L D6L D6L D6L D6L

Int Int Int Int Coal BdBC BdBC Coal BdDC BdBC Coal Coal BdBC Coal BdBC Coal Coal Coal BdBC BdDC BdBC BdDC Int Int Int Int Coal Coal Coal Coal Coal Coal Coal Coal Tuff clay Coal Coal Coal Coal Coal Coal BdBC Int Int Int Int Int Coal Coal Coal Blank Coal

0.25 0.41 0.32 1.05 0.60 0.50 0.64 0.48 0.44 0.45 0.45 1.06 2.46 0.70 3.05 0.63 1.63 0.06 2.38 1.20 1.70 0.06 0.75 0.70 0.46 0.47 2.41 0.60 0.54 1.28 1.55 0.45 1.75 0.95 0.10 0.50 0.60 1.32 1.23 1.45 1.17 2.47 0.40 0.47 0.22 0.21 0.40 1.02 0.65 1.83 0.83 0.30
Page 50 of 54

221209.0 221314.0 221364.0 221394.0 221336.0 221725.0 221609.0 222372.1 221594.0 222049.3 221314.0 222025.0 222049.3 221893.0 221614.0 221152.0 221313.0 222412.0 221885.7 221668.0 221953.7 221940.9 222700.0

9877090.0 9877145.0 9877230.0 9877192.0 9877176.0 9877510.0 9877333.0 9878117.7 9877310.0 9877605.2 9877145.0 9877625.0 9877605.2 9877531.0 9877295.0 9876763.0 9876859.0 9877655.0 9877654.7 9877102.0 9877279.5 9877327.7 9877496.0

121.0 116.0 114.0 113.0 115.0 108.0 105.0 110.0 105.0 117.0 116.0 115.3 117.0 109.1 105.0 129.0 121.0 113.0 112.0 106.0 103.7 104.9 117.0

118.3 113.1 112.1 110.8 110.6 107.0 102.7 102.6 102.1 80.9 113.1 113.8 111.0 107.6 104.0 127.5 120.5 112.7 110.5 104.5 103.2 103.4 116.5

117.7 111.7 111.5 110.3 110.1 106.5 102.1 102.4 101.5 80.4 112.8 113.1 110.7 107.2 103.5 126.9 120.1 111.6 109.4 103.8 102.7 102.9 115.3

S/PJ-06 S/PJ-03 HS/PJ-10 S/PJ-01 S/PJ-02 HS/RD-02 S/AS-03 ABP-09 S/AS-02 ABP-06 S/PJ-03 S/PJ-24 ABP-06 HS/PJ-20 HS/AS-01 HS/PJ-08 HS/PJ-13 S/ED-02 HS/PJ-23 HS/ED-01 HS/PJ-14 HS/PJ-15 S/ED-27

D6L D6L D6L D6L D6L D6L D6L D6L D6L D6L D6L_Int D6U D6U D6U D6U E E E E E E EX F

Coal Coal Coal Coal Coal Coal Coal BdBC Coal BdBC Tuff clay Coal BdBC Coal Coal Coal Coal Coal Coal Coal Coal Coal Coal

0.67 1.41 0.52 0.50 0.47 0.55 0.65 0.20 0.64 0.54 0.31 0.68 0.32 0.47 0.48 0.60 0.45 1.09 1.09 0.66 0.52 0.45 1.17

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APPENDIX HEADING 3
Appendix Title

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Page 53 of 54

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