The updated statement confirms a total resource of 3.44 billion tonnes of thermal-quality coal at Blackall.

The Blackall project, which comprises three tenements, EPC1149, EPC1398 and EPC1399, is just south of the town of Blackall in the Eastern Eromanga Basin in central Queensland.

The updated statement for EPC 1399 follows a 68-hole drill programme done in July 2013.

The company also has an updated exploration target in the range of 2-2.5Bt, which has been well defined by geophysically logged chip holes adjacent to the resource areas.