THE BUSINESS

Reserves and Resources

Coal resources

The following table summarises the current coal Samrec Compliant Resources held by the Company as at 30 November 2009.

FSE/Sekoko AgreementFarm nameResource CategoryCoal gross tons in situ (Mtons)
T1Vetleegte 315 LQIndicated28.873
Inferred131.303
Olieboomfontein 220 LQNot classified
T2Smitspan 306LQMeasured97.153
Indicated416.109
Inferred106.836
Massenberg 305 LQIndicated20.797
Inferred109.539
Hooikraal 315LQIndicated7.282
Inferred155.491
Minnasvlakte 258LQIndicated26.507
Inferred230.687
T3Swanepoelpan 262LQIndicated1.072
Inferred378.227
Duikerfontein 263 LQInferred13.949
Total FSE1,723.825

Information in this report that relates to exploration results, coal resources or reserves on the properties Smitspan 306LQ, Hooikraal 315LQ, Minnasvlakte 258LQ and Massenberg 305LQ is based on information compiled by Ms Catherine Telfer who is employed by Venmyn Rand (Pty) Ltd and is a member of The Australian Institute of Mining and Metallurgy and The South African Institute of Mining and Metallurgy. Ms Telfer has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves". Ms Telfer consents to the inclusion in the report of the matters based on her information in the form and context in which it appears

Further updates will be provided to shareholders in due course.

Location of FSE/Sekoko properties in respect to Exxaro Groottegeluk Mine and Matimba Power station

click to enlarge

WATERBERG PROJECT

Map of South Africa indicating location of Waterberg project
 

PHOTO GALLERY

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