Vermont East

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Joint Venture and Manger	Bowen Basin Coal Joint Venture - managed by BB Interests Pty Ltd
Macarthur Coal's interest	85%
Tenements	EPCs 850, 721 and 688
Locations	Vermont East and Willunga are adjacent prospects located 40km south of the Moorvale Mine. The Willunga and Vermont East prospects are geologically distinct grassroots prospects at the southern end of the Coxendean Sub-basin. The prospects are spearated by the Isaac River and lay either side of a major fault system with Vermont East to the west of the river.
Potential ports	Wiggins Island Coal Export Terminal, Abbot Point Coal Terminal and Dudgeon Point (Proposed Terminal)
Coal types	Initial results for Vermont East indicate the possible presence of a medium volatile coking coal as well as thermal and PCI coal.
2011 activities	The JORC resources for Vermont East/Willunga were upgraded from 164.6Mt to 497.6Mt in May 2011 following completion of coal quality testing and analysis in December 2010. Refer to the Resources and Reserves Statement.
Project status	Studies are being undertaken to assess the viability of Vermont East as either a life of mine extension for the proposed Willunga mine project or as an independent mine. Vermont East adjoins the Willunga prospect and contains a number of fault repeated crop zones of the Rangal Coal Measures. Given the resource quatity, Vermount East has potential for larger-scale open-cut operations.

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