From a total of five coal concessions in Alexis’s portfolio, the Bara Pratama (BP) project covers 96.77 hectares while the Mitra Bara Karya (MBK) project spans 4151 hectares.

Both projects have had limited exploration in the established coal region, but Kangaroo said work conducted at the BP project in 2006 had resulted in six interpreted coal seams containing high-quality thermal coal.

“Once a resource is defined, Alexis intends to immediately proceed to mine planning and development,” Kangaroo said.

The initial plan is to build a simple loading facility at a nearby river, budgeted to handle 50,000 tonnes of coal per month.

Kangaroo said historical drilling had occurred only in a small area of the MBK project, which the explorer also considered prospective for high-quality thermal coal.

While due diligence on the JV deal is expected to be complete by June 18, Kangaroo is targeting survey work for both projects to be finished by the end of August.

Kangaroo expects drilling to be finished by the end of September and a JORC report to be complete by the end of October.

The mine planning and development stage is targeting completion in December.

The coal concessions of the projects are owned by the Genesis Group.

Kangaroo said Genesis consisted of well-known businessmen in Indonesia together with a strong technical team. Genesis is also the largest shareholder of Alexis.

Prior to the trading halt for the anticipated Indonesian coal JV announcement, Kangaroo raised $A1.51 million from an issue of 231 million shares.

The junior only just resumed trading on Australian Securities Exchange last week after an eight-month suspension for failing to lodge its annual report for last year.

The junior has a bag of projects scattered throughout Queensland, with the major focus being tin mining.

Kangaroo shares have shed 3.8% yesterday to close at 2.5c.