Asset Name

Biloela

EPC

2387

Project Basin

Bowen Basin (Permo-Triassic)

Project Area

210km2

Coal Project Available Reports

Geophysical Compilation Report, Environmental, Native Title and Cultural Heritage Due Diligence Report.

Proximal Major Projects

Anglo-American; Coal; Callide Mine Anglo-American; Theodore South Anglo-American; Dawson South Anglo-American; Dawson Central Anglo-American; Dawson North

Project Overview

The Biloela Project is located in the Banana Shire of eastern Queensland, 75km to the south west of the Port of Gladstone. The Project border is less than 1.5kms from Anglo Coals Callide open-cut mining operation which provides low sulfur, sub-bituminous thermal coal, primarily for Queensland’s domestic power generation. The Callide mine consists of four major pits and coal reserves are estimated at approximately 225 Million tonnes with annual productions of 10 Million tonnes of saleable coal. The coal fields cover an area of 176km2 and contain seams up to 26m thick. The coal-bearing Late Permian Back Creek Group sub-crops in the north of EPCA 2387 and will be the subject of the initial scout exploration program.

Previous Exploration

Extensive exploration for coal has occurred in the Callide Basin to the north east of the Biloela Project tenements. Geological Survey of Queensland (GSQ) geophysical surveys conducted over the Biloela Project area have been compiled and the Queensland Government Waterbore Database has been searched for waterbores recording coal intersections on the Project area.

Exploration Target

CMR intends to explore the Biloela Project area for economic coal deposits in the Late Permian Back Creek Group, extensions of the Callide Coal Measures and also assess the viability of economic coal deposits in the Early Tertiary Biloela Formation across the Project area. The coal-bearing Late Permian Back Creek Group sub-crops in the north of EPCA 2387 and will be the subject of the initial scout exploration program.

Proximity to Infrastructure

The Moura Rail System is approximately 20km North of EPC 2387, connecting the Anglo Coal Callide Coal Mine, to the coal terminals in the Gladstone region, approximately 100km to the north east. At Gladstone there are the established coal terminals of RG Tanna and Barney Point. The coal terminal at Wiggins Island (WICET) and the proposed coal terminals at Balaclava Island and Fitzroy, to the north of Gladstone, will increase the coal handling capacity of the region.