The current exploration program is focusing on the Hillalong South area to further define the 64Mt resource announced 9 August 2023 (35Mt indicated and 28Mt inferred category) through a series of infill drill holes and extensions to the north and west which have now been completed. Results from this drilling program are expected towards the end of CY2024 and this data will be used to update the geological model and inform a pre-feasibility study.

The Hillalong Coal Project (EPC1824 and EPC2141) ownership structure is 85% Bowen and 15% Sumitomo, with Sumitomo’s holding in the project increasing a further 5% once fully funding the Phase 2b Work Program.