Foley Coal Project

Non-core Company assets comprising coal assets will be the subject to a board directed review to consider options to release value and monetise these assets through joint venture participation, corporate re-organisation and assets sale. A Cap is actively engaging third parties on potential development options to progress the project.

Foley-Coal-Study-Location-Map
Figure 3: Foley Coal Study location map

In Situ Coal Tonnes at Foley total 148 million tonnes, of which 71 million tonnes is classified as Indicated (Table 2).

SEAM THICKNESS (m) VOLUME (m3) GTIS (Gross Tonnes In- Situ) RD (Relative Density) GEOLOGICAL LOSS (%) TTIS (Total Tonnes In- Situ) CATEGORY
SS 6.84 21 970 000 35 246 000 1.60 15% 29 959 000 INDICATED
SST 7.45 20 291 000 36 123 000 1.78 15% 30 705 000 INDICATED
SSU 3.17 6 675 000 12 174 000 1.82 15% 10 348 000 INDICATED
TOTAL INDICATED 83 543 000 71 012 000
SS 7.07 30 390 000 48 930 000 1.61 25% 36 700 000 INFERRED
SST 7.08 2 360 000 39 580 000 1.77 25% 29 690 000 INFERRED
SSU 3.02 7 820 000 14 230 000 1.82 25% 10 670 000 INFERRED
TOTAL INFERRED 102 740 000 77 060 000
TOTAL FOLEY RESOURCES 186 283 000 148 072 000

Table 2: Foley Coal Resources

Cut-offs applied: >1m seam thickness, <50% ash and >8MJ/Kg CV, High geological loss applied due to occurrence of dolerite intrusions. Tonnes rounded according to resource confidence (Ind = 1000; Inf = 10,000).

 

SEAM TTIS (Total Tonnes In-Situ) IM (%) (Inherent Moisture) AS (%) (Ash Content) VM (%) (Volatile Matter) FC (%) (Fixed Carbon) CV (Calorific Value) (MJ/Kg) TS (%) (Total Sulphur) YIELD (%) RESOURCE CATEGORY
SS 29 959 000 6.53 20.41 23.41 54.58 21.1 0.3 77.54 INDICATED
SST 30 705 000 5.65 26.86 21.17 46.32 19.3 0.2 39.10 INDICATED
SSU 10 348 000 5.89 23.83 25.25 45.03 20.1 0.5 26.36 INDICATED
ALL SEAMS 71 012 000 6.06 23.70 22.71 49.62 20.2 0.3 53.46
SS 36 700 000 5.09 20.03 23.41 54.93 21.3 0.3 78.82 INFERRED
SST 29 690 000 5.09 27.00 19.60 47.47 19.5 0.2 41.34 INFERRED
SSU 10 670 000 5.72 24.90 24.75 44.59 20.0 0.4 29.06 INFERRED
ALL SEAMS 77 060 000 5.18 23.39 22.13 50.62 20.4 0.3 57.49

Table 3: Foley Coal Resource Washed Qualities

Cut-offs applied are >1m seam thickness, <50% ash and >20MJ/Kg CV, Washed cumulative qualities reported for the 1.7 float fraction. Tonnes rounded according to resource confidence (Ind = 1000; INF = 10,000).