B26 / B34 Thermal Coal Project, Kalimantan
B26/B34 comprises two areas:
B26
B26 is located in East Kalimantan, ~100km from Balikpapan and has a total exploration target of 2.8Mt to 4.5Mt of high grade thermal coal with some coking coal potential (current JORC Resource of 1.13Mt).
B34 also consists of two blocks
Blocks 3 and 4, are located approximately 60km west of B26 and it is ultimately planned to be mined using the same road/port infrastructure. Combined exploration target of 5-10Mt and calorific value of 7200 to 8100 Kcal/kg. A Drilling program planned to commence in Q4, 2012.
