Capricorn

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Joint Venture and Manager	Capricorn Joint Venture - managed by Capricorn Coal Pty Ltd
Macarthur Coal's interest	85%
Tenements	EPC 769
Location	North-east of the town of Dingo
Potential port	Wiggins Island Coal Export Terminal expansion
Coal types	It is inferred from the coal type at Yarrabee Mine that the Capricorn prospect may be a source of semi-anthracite which can be used as a thermal coal and a PCI coal.
2011 activities	Site access was affected by the extended wet season. Scheduled exploration drilling for a number of areas previously identified for futher investigation will be undertaken during FY2012.
Project status	Capricorn has coal seam depths that may prove suitable for both open-cut and/or underground extraction. The coal occurrences are adjacent to the Blackwater-to-Gladstone rail line. They have been outlined and identified through two dimensional seismic surveys and more than 50 company and non-company open holes over an elongated, segmented target area of 146km². Exploration continues to support resource definition with the aim to target areas with greater commercial mining potential.

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