Coal Mining Strategy

MetroCoal's strategy is to establish two mines in the Bundi and Columboola project areas.

Drilling has shown the coal seams to be continuous over most of the project areas, presenting attractive targets for modern, high-productivity longwall mining.

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MetroCoal's strategy is to develop a longwall mining operation at Bundi (EPC 1164) with an export coal capacity in excess of 5 Mt per year. Initial development will commence in 2015 with longwall production starting in 2017.

The Company will also develop a longwall mining operation at the Columboola JV (EPC 1165) with an export capacity in excess of 5 Mt per year. The timeframe is to start initial development in 2016 and longwall production in 2018.

Work planned for the next few years includes closer spaced drilling to increase resource confidence and the commencement of prefeasibility mining studies.