Reserves and Resources Summary
| Project |
BND % |
Inferred Resource (Mt) |
Indicated Resources (Mt) |
Measured Resources (Mt) |
Total Resources (Mt) |
Marketable Reserve (Mt) |
| Dingo West |
100% |
91.1 |
|
|
91.1 |
|
| Springsure Creek |
100% |
262.5 |
228.0 |
|
490.5 |
102.6 |
| Arcturus |
100% |
103.7 |
102.6 |
|
206.3 |
44.3 |
| Arcadia |
100% |
272.9 |
|
|
272.9 |
|
| South Galilee |
50% |
403.0* |
103.0* |
83.3* |
589.3 |
108.8 |
|
TOTAL |
1133.2 |
433.2 |
83.3 |
1650.1 |
255.7 |
* Based on AMCI having now acquired a 50% interest in the South Galilee Joint Venture
1,2,3,4,5,6 & 7 Refer to Statement of Compliance
Reserve and Resource Statements:
South Galilee - Open Cut JORC Reserve - January 2012
Springsure Creek - Underground JORC Resource - December 2011
Springsure Creek - Underground JORC Reserves - July 2011
Springsure Creek - Underground JORC Resources - July 2011
South Galilee - Coal Reserve Statement - February 2011
Arcturus - Underground JORC Reserves - September 2010
Arcturus - Open Cut JORC Reserves - September 2010
Arcturus - Resource Update - September 2010
Statement of Compliance
(1) The information compiled in this table relating to South Galilee resources is based on information compiled by Lynne Banwell. Lynne Banwell is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Lynne Banwell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
(2) The information compiled in this table relating to Arcturus, Arcadia and Dingo West resources is based on information compiled by Gordon Saul, who is a member of the Australian Institute of Geoscientists and who is employed by Resolve Geo Pty Ltd. Gordon Saul has sufficient experience which is relevant to the style of mineralization and types of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves”. Gordon Saul consents to the inclusion in this report of the matters based on his information and in the form and context in which it appears. Resolve Geo Pty Ltd is a shareholder in Bandanna Energy Limited.
(3)The information compiled in this table relating to Springsure Creek resources, other than those of the Springton domain (that is the Turkey Creek, Moorooloo and Arcturus domains), is based on information compiled by David Keilar, who is a member of the Australian Institute of Geoscientists and who is employed by Resolve Geo Pty Ltd. David has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. David Keilar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Resolve Geo Pty. Ltd. is a shareholder in Bandanna Energy Limited.
(4) The information in this table relating to exploration results and coal resources for the Springton North and Springton
South domains is based on information compiled by Mr Troy Turner who is a member of the Australasian Institute of Mining and Metallurgy and is a full time employee of Xenith Consulting Pty Ltd. Mr Turner is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Turner consents to the inclusion in the report of the matters based on the information, in the form and context in which it appears.
(5) Opencut Reserves estimate for Arcturus shown on the Table has been prepared by Mr Ken Hill. Ken Hill is the Managing Director of Xenith Consulting Pty Ltd. He holds a Bachelor in Civil Engineering degree from the University of Queensland and a Post Graduate Diploma in Business Administration from University Queensland. He has over 20 years experience in the open cut coal mining industry and substantial experience in mining operations financial evaluations. Ken Hill is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code. Ken Hill consents to the inclusion in this report of the matters based on his information and in the form and context in which it appears.
(6) The Underground Reserve estimates for Arcturus and Springsure Creek shown on the Table have been prepared by Mr Jeremy Busfield, Principal Mining Engineer of Mine Craft Consulting Pty Ltd. Jeremy holds a Bachelor of Mining Engineering degree from the University of Queensland. He is a Chartered Professional Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Registered Professional Engineer of Queensland (Mining) (RPEQ 10285).Jeremy Busfield has worked in various planning, operational and consulting roles for the underground coal industry for 26 years and as such qualifies as Competent Person under the JORC Code. The relationship between the Estimator and the Project owner is that of independent consultant. Jeremy Busfield consents to the inclusion in this report of the matters based on his information and in the form and context in which it appears.
(7) Open cut Reserves estimate for South Galilee Project has been prepared by David Prior. The estimates of Coal Reserves for South Galilee Coal Project within EPC 1049 presented in this Table have been carried out in accordance with the 2004 edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code).
David Prior is a Principal Mining Consultant at Echelon Mining Services. David has a Bachelor in Mining Engineering from Queensland University. David has over 7 years of experience in the Queensland open cut coal mining industry. David has experience in conducting relevant financial evaluations, including having previously worked on Reserves Statements. David is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code.
The following entities have no material interest or entitlement, direct or indirect, in the securities of AMCI or any associated companies: David Prior; Echelon Mining Services.
The information compiled in this Table relating to South Galilee Resources Statement is based on information compiled by Lynne Banwell (Refer Note 1).