Coppabella Underground

Profile

Joint Venture and Manager

Coppabella and Moorvale Joint Venture - managed by Macarthur Coal (C&M Management) Pty Ltd

Macarthur Coal's interest

73.3%

Other ownership interests

7% CITIC Resources Australia Pty Ltd
7% Marubeni Corporation
7% Sojitz Corporation
3.7% JFE Shoji Trade Corporation
2% NS Trading Co Ltd

Tenements

MLs 70164, 70236, EPC 531
MLAs 70384, 70385, 70386, 70387

Location

Southwest of Mackay and to the north of the existing Coppabella open-cut mine.

Potential ports

Dalrymple Bay Coal Terminal, Abbot Point Coal Terminal and Dudgeon Point (Proposed Terminal)

Coal type

Low volatile PCI coal

2011 activities

Some exploration took place with significant increase in drilling planned for FY2012

Project status

A draft concept study has been completed with two dimensional seismic data extending north of Creek Pit at Coppabella, and down-dip from nearby South Walker Creek Mine for approximately 20km, which indicated a potentially large shallow underground mining area for further targeted exploration.

Some faulting exists and the mine layout will be adjusted to optimise future mine planning.

An exploration drilling programme will continue in FY2010 to support resource definition within EPC 531 (north of the Coppabella mining leases) and establish a JORC Resource¹.