The company’s Alabama-based coking coal project consists of the Gurnee and Seymour properties which are at various stages of exploration.

The Gurnee property was recently upgraded to a total 78.4 million ton JORC resource of 71.6Mt measured and 4.8Mt inferred.

A scoping study has commenced and initial testwork suggested a high-quality hard coking coal.

The less advanced Seymour property has just begun initial drilling and aims to convert its estimated 87-93Mt exploration target into a JORC-compliant resource following the drilling program.

During the quarter the company had total operating and investing cash flows of just under $1.5 million and net financing cash flows of almost $1.3 million through proceeds from issues of shares and options.

When balanced with the $4.95 million the company had at the beginning of the quarter, Attila ends the period with $4.74 million in the bank.

The company will move towards releasing a scoping study at Gurnee in Q2 2013 and chase a JORC resource at Seymour.