474582_1149446 Waratah Coal Pty Ltd (“Waratah Coal” or the “Company”), an exploration and coal development company, announced that the Company, had lodged a Mining Lease Application with the Queensland Department of Mines and Energy.

Waratah Coal Pty Ltd has applied for a 35 year lease for their ‘Galilee Coal Project’, to mine for coal in an area of approximately 76,126 hectares within the Barcaldine Regional Council area, approximately 20km north-west of Alpha.

The Galilee Coal Project is located in the Galilee Basin in Central Queensland. The project is based on a contractual right to mine from Waratah Coal Pty Ltd. The right to mine is for up to 1.4 billion tonnes of raw coal from coal deposits in Queensland containing JORC compliant mineral resources of approximately 3.7 billion tonnes (including ore reserves of 1.1 billion tonnes of coal).

Waratah Coal Pty Ltd and China First Pty Ltd have exploration permits over the subject area and are seeking an application to carry out the mining of the coal resource identified.