Exploration Permit Coal 1147 Quinalow Final and Relinquishment Report for Tarong Energy Corporation Limited

EXPLORATION PERMIT COAL 1147 QUINALOW FINAL AND RELINQUISHMENT REPORT FOR TARONG ENERGY CORPORATION LIMITED

J.E. Siemon

March 2009 TABLE OF CONTENTS

SUMMARY 1

INTRODUCTION 2

LOCATION AND ACCESS 2

TENURE 2

EPC DESCRIPTION 2

REGIONAL GEOLOGY 4

PREVIOUS INVESTIGATIONS 6

GEOLOGICAL RECONNAISSANCE 6

CONCLUSIONS 8

REFERENCES 9

FIGURES

1. Locality Map 3 2. Regional Geology 5 3. Location of Drilling 7

APPENDICES

1. Drill Logs BJ45, BJ46 – BHP (1983)

Final and Relinquishment Report EPC 1147 Quinalow March 2009 J.E. Siemon Pty Ltd

SUMMARY

A review of the regional geology and past exploration within EPC 1147 indicated that the area was unlikely to contain any resources of coal within the Jurassic Marburg Subgroup. The tenement was formally relinquished on 5 March 2009.

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

INTRODUCTION

Tarong Energy Corporation Limited (TEC) holds the Exploration Permit for Coal EPC 1147 Quinalow, which is approximately halfway between Oaky and Yarraman in Southern Queensland.

EPC 1147 was relinquished on 5 March 2009. This report has been prepared by J.E. Siemon Pty Ltd on behalf of Tarong Energy Corporation Limited as the Final and Relinquishment Report for EPC 1147..

LOCATION AND ACCESS

EPC 1147 is in Southern Queensland approximately 30 km north-northwest of Oakey, 45 km southwest of Yarraman and about 45 km southwest of the Tarong Power Stations (Figure 1). The township of Quinalow is located just north of the EPC boundary.

The principal access is the Dalby to Cooyar Road. Access within the tenement is via a network of sealed and unsealed roads.

TENURE

There are no Mining Leases or Mineral Development Licences within the Relinquished area. EPCs 1106 and 1111 held by TEC lie immediately to the east and north of EPC 1147. The majority of the EPC is agricultural and grazing land.

EPC DESCRIPTION

Exploration Permit for Coal EPC 1147 was originally granted over 17 Sub-Blocks on 27 September 2007 for a period of five (5) years. A decision was made in early 2009 to relinquish the whole of EPC 1147.

The area relinquished is described below.

Block Identification Map: Brisbane

Block Sub-blocks 2684 m, n, o, p, r, s, t, u, w, x, y, z 2756 c, d, e, j, k

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,040,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN 6,980,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN 6,990,000 mN 7,030,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN 6,940,000 mN 7,000,000 mN 7,050,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,020,000 mN7,020,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN

3330,000330,00030,000 mEmEmE 330,000330,000330,000 mEmEmE Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby Dalby

3340,000340,00040,000 mEmEmE 340,000340,000340,000 mEmEmE

3350,000350,00050,000 mEmEmE 350,000350,000350,000 mEmEmE EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC EPC 1111 1111 EPC 1111 EPC EPC EPC 1111 EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC

3360,000360,00060,000 mEmEmE 360,000360,000360,000 mEmEmE EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC EPC 1106 1106 EPC 1106 EPC EPC EPC 1106 EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC 3370,000370,00070,000 mEmEmE 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC 370,000370,000370,000 mEmEmE Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey Oakey

3380,000380,00080,000 mEmEmE 380,000380,000380,000 mEmEmE Project: Project: Scale: 1:500000 Scale: Drawing: Office: Author: 12/2/2009 Date: TARONG ENERGY CORPORATION LIMITED CooyarCooyarCooyarCooyarCooyarCooyarCooyar CooyarCooyarCooyarCooyarCooyarCooyarCooyar CooyarCooyarCooyarCooyarCooyarCooyarCooyar CooyarCooyarCooyarCooyarCooyarCooyar Cooyar CooyarCooyarCooyarCooyarCooyarCooyarCooyar CooyarCooyarCooyarCooyarCooyarCooyarCooyar CooyarCooyarCooyarCooyarCooyarCooyarCooyar 0510 Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy Kingaroy J.E. Siemon Pty Ltd Pty Siemon J.E. 3390,000390,00090,000 mEmEmE MGAProjection: Zone 56 (GDA 94) 390,000390,000390,000 mEmEmE EPC1147 QUINALOW  Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Crows NestCrows NestCrows Nest Crows NestCrows NestCrows Nest Crows Nest Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Crows NestCrows NestCrows NestCrows NestCrows NestCrows NestCrows Nest Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong Tarong Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong Power Power Tarong Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong kilometres Tarong Power Power Power Power Power Power Tarong Power Tarong Power Tarong Tarong Tarong Tarong Tarong LOCATION MAP Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Stations Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba Toowoomba 4400,000400,00000,000 mEmE 400,000400,000400,000 mEmEmE

4400,000400,00000,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman 400,000400,000400,000 mEmEmE

4400,000400,00000,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman 400,000400,000400,000 mEmEmE Yarraman 4400,000400,00000,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman 400,000400,000400,000 mEmEmE

4400,000400,00000,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman 400,000400,000400,000 mEmEmE

4400,000400,00000,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman 400,000400,000400,000 mEmEmE Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Yarraman Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango Nanango 20 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN 6,990,000 mN 7,020,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN 6,980,000 mN 6,950,000 mN 7,030,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,060,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN 7,050,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN 7,040,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN 7,030,000 mN7,030,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 6,950,000 mN6,950,000 mN 6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN6,970,000 mN 6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN6,960,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN6,940,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN6,950,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN 7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN7,060,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN7,050,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN7,040,000 mN

4410,000410,00010,000 mEmEmE 410,000410,000410,000 mEmEmE

4410,000410,00010,000FIGURE: 1 mEmEmE 410,000410,000410,000 mEmEmE  4

REGIONAL GEOLOGY

The oldest rocks in the area which crop out in the vicinity of Cooyar (Figure 2) comprise mudstone, shale, arenite, chert, jasper, and acid to basic metavolcanics of the Devonian to Carboniferous Maronghi Creek Group. These rocks “comprises the north-northwest trending structural back-bone of the Yarraman Subprovince” (Cranfield and others, 2001). In the Late Permian to Early Triassic granitic bodies mainly considered part of the Boondooma Igneous Complex were emplaced in the vicinity of Maidenwell and Cooyar; these intrusions range in composition from granite to granodiorite, adamellite, tonalite, diorite and gabbro. Granodiorite was recorded below 216 m in GSQ Ipswich 14 drilled south of Peranga (Murray, 1994).

The oldest Mesozoic rocks comprise sediments of the Jurassic Bundamba Group. The basal Woogaroo Subgroup which crops out in a belt southeast of Cooyar comprises quartzose sandstone, siltstone, shale, conglomerate and minor coal. In the Cooyar area the outcrop is characterised by quartzose sandstone which contrasts with the more easily weathered Marburg sediments. Cranfield and others (2001) report that the unit in the Cooyar area is 50 to 60 m thick.

The overlying Marburg Subgroup contains lithofeldspathic labile and sublabile sandstone, siltstone, shale, minor coal, and a ferruginous oolite marker. Thin beds of oolite also occur in the Surat, Mulgildie, Nambour and Maryborough Basins (Cranfield and others, 1994). In the EPCs the unit consist almost entirely of fine to medium grained well sorted, partially ferruginous, feldspathic labile sandstone with some siltstone (Cranfield and others, 2001). Thickness is up to 100 m. This unit was the main target horizon for the exploration conducted during 2008. A coal seam crops out in Spring Creek at Coalbank.

In the Rosalie and Acland areas south of EPC 1147 are outcrops of the Jurassic Walloon Coal Measures composed of lithic and feldspathic sandstone, siltstone, mudstone, carbonaceous shale and coal. Coal is actively mined in the Acland area.

The Tertiary Main Range Volcanics crop out in the west and southeast of EPC 1147. Terraced flows of olivine basalt are well exposed at the Bunya Mountains and surrounding areas. The extent of weathering of the flows is not known, however possible ferricrete was observed in properties to the west of Coalbank, and many of the flows on the Maidenwell to Bunya Mountains Road display well developed soil profiles. The Nutgrove Rhyolite Member comprising agglomerate, rhyolite flows and tuff crops out in the area between Cooyar and Nutgrove.

Colluvial cover of scree and rock debris from the Walloon Coal Measures has been identified west of Rosalie and south of EPC 1147. Extensive Quaternary alluvium is present in the Peranga and Quinalow areas, and also along Spring Creek and along the catchments draining into Cooyar Creek.

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,985,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN 7,015,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN 6,995,000 mN 7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,025,000 mN 7,030,000 mN 6,990,000 mN 7,005,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 7,025,000 mN7,025,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN

3355,000355,000355,00055,000 mEmEmE 355,000355,000355,000 mEmEmE EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 EPC 1147 Nutgrove Rhyolite Member Rhyolite Nutgrove Main Range Volcanics Walloon Coal M Marburg Subgroup Woogaroo Subgroup granite Maronghi Cr Colluvium Alluvium LEGEND Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow Quinalow

3360,000360,00060,000 mEmEmE 360,000360,000360,000 mEmEmE

3360,000360,00060,000 mEmEmE 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC 360,000360,000360,000 mEmEmE

3360,000360,00060,000 mEmEmE 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC 360,000360,000360,000 mEmEmE EPC 1111 1111 EPC 1111 EPC EPC 1111 1111 EPC 1111 EPC EPC EPC 1111 EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC EPC 1111 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC 1111 EPC EPC eek beds  easures  3365,000365,00065,000 mEmEmE 365,000365,000365,000 mEmEmE Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan Maclagan

3370,000370,00070,000 mEmEmE 370,000370,000370,000 mEmEmE EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC EPC 1106 1106 EPC 1106 EPC EPC EPC 1106 EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC EPC 1106 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC 1106 EPC EPC Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga Peranga

3375,000375,00075,000 mEmEmE 375,000375,000375,000 mEmEmE Project: Project: Scale: 1:200000 Scale: Drawing: Office: Author: 1/11/2008 Date: TARONG ENERGY CORPORATION LIMITED CORPORATION ENERGY TARONG 024

3380,000380,00080,000 mEmEmE 380,000380,000380,000 mEmEmE 3380,000380,00080,000 mEmEmE MGAProjection: Zone 56 (GDA94) 380,000380,000380,000 mEmEmE J. E. Siemon Pty Ltd Siemon Pty E. J. REGIONAL GEOLOGY EPC 1147QUINALOW Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell Maidenwell kilometres Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar Cooyar 3385,000385,00085,000 mEmEmE 385,000385,000385,000 mEmEmE 8 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN 7,025,000 mN 6,985,000 mN 7,000,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN 7,010,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN 6,990,000 mN 7,005,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN6,980,000 mN 7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN7,030,000 mN 7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN7,015,000 mN 7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN7,025,000 mN 6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN6,985,000 mN 7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN7,000,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN 6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN6,995,000 mN 7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN7,010,000 mN 7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN7,020,000 mN 6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN6,990,000 mN 7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN7,005,000 mN FIGURE: 2 

3390,000390,000390,00090,000 mEmEmE 390,000390,000390,000 mEmEmE 6

PREVIOUS INVESTIGATIONS

In the late1960’s the Geological Survey of Queensland (GSQ) began a detailed review of the geology of the Moreton Region which had seen little work since the publication of the Moreton 6 – mile map in 1955. This review was backed up by the drilling of 24 stratigraphic holes in the Ipswich 1:250 000 Sheet area. This work formed the basis for a revision of the Mesozoic stratigraphy of the area. Day and others (1974) defined the Tarong Basin, although Allen (1972) and de Jersey (1973) had shown its location on maps in their reports. Cranfield and Schwarzbock (1972) redefined the Bundamba Group to include the Marburg Formation (upper) and the Woogaroo Sub-Group (lower). In 1976 the compilation of the Ipswich and Brisbane 1:250 000 geology was issued (Cranfield and others, 1976).

Wells and others (1990) presented a new lithostratigraphic framework for the Bundamba Group. They redefined the Marburg Formation as the Marburg Subgroup and divided the Subgroup into the Gatton Sandstone and younger Koukandowie Formation. This work was subsequently followed by a series of papers by Wells and O’Brien (1994), O’Brien and Wells (1994), Cranfield and others (1994) and Ollier and Haworth (1994).

The regional geology of the Yarraman Subprovince was mapped in the late 1990’s at 100 000 scale and issued as part of the Southeast Queensland GIS (Cranfield and others, 2001).

The only company exploration was undertaken in EPC 375C by BHP (1983) who drilled two holes (Figure 3, Appendix 1) in what is now EPC 1147 in an attempt to locate resources of coal. A thin coal seam was intersected in holes BJ45 and BJ46. In CR 12242 BHP comment that “In a number of holes penetrating the Marburg Formation, numerous coaly intersections were made but none was greater than 1m”.

GEOLOGICAL RECONNAISSANCE

EPC 1147 was granted to TEC to permit exploration for coal within the target Jurassic Marburg Subgroup which occurs in most of the tenement; however relief is generally low and there is only limited outcrop visible. Outcrops of weathered basalt west of the Dalby to Cooyar Road south of Quinalow indicate that the extent of basalt may be more widespread than shown in Figure 2.

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

7,010,0007,010,0007,010,000 mNmNmN 7,010,0007,010,0007,010,000 mNmNmN 7,010,0007,010,0007,010,000 mNmNmN

 372,500 mE 367,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 367,500 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 365,000 mE 375,000 mE 370,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 362,500 mE 370,000 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 362,500 mE 360,000 mE 370,000 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 365,000 mE 375,000 mE 367,500 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE 365,000 mE 375,000 mE 372,500 mE 367,500 mE

7,007,5007,007,5007,007,500 mNmNmN 7,007,5007,007,5007,007,500 mNmNmN  7,007,5007,007,5007,007,500 mNmNmN

EPCEPC 11111111

7,005,0007,005,0007,005,000 mNmNmN 7,005,0007,005,0007,005,000 mNmNmN 7,005,0007,005,0007,005,000 mNmNmN

  MaclaganMaclagan

7,002,5007,002,5007,002,500 mNmNmN 7,002,5007,002,5007,002,500 mNmNmN 7,002,5007,002,5007,002,500 mNmNmN

 QuinalowQuinalow 

7,000,0007,000,0007,000,000 mNmNmN 7,000,0007,000,0007,000,000 mNmNmN 7,000,0007,000,0007,000,000 mNmNmN

6,997,5006,997,5006,997,500 mNmNmN 6,997,5006,997,5006,997,500 mNmNmN 6,997,5006,997,5006,997,500 mNmNmN

BJ45BJ45

PerangaPeranga 

6,995,0006,995,0006,995,000 mNmNmN 6,995,0006,995,0006,995,000 mNmNmN 6,995,0006,995,0006,995,000 mNmNmN

EPCEPC 11471147

6,992,5006,992,5006,992,500 mNmNmN 6,992,5006,992,5006,992,500 mNmNmN 6,992,5006,992,5006,992,500 mNmNmN

BJ46BJ46

IPSWICHIPSWICHIPSWICH 151515

6,990,0006,990,0006,990,000 mNmNmN 6,990,0006,990,0006,990,000 mNmNmN 6,990,0006,990,0006,990,000 mNmNmN

 RosalieRosalie

TARONG ENERGY CORPORATION LIMITED6,987,5006,987,5006,987,500 mNmNmN 6,987,5006,987,5006,987,500 mNmNmN 6,987,5006,987,5006,987,500 mNmNmN Project: EPC 1147 QUINALOW Date: 11/3/2009

Author:

Office: LOCATION PRIOR EXPLORATION

Drawing:

Scale: 1:100000 Projection: MGA Zone 56 (GDA 94) 6,985,0006,985,0006,985,000 mNmNmN 6,985,0006,985,0006,985,000 mNmNmN 6,985,0006,985,0006,985,000 mNmNmN 0000 1111 2222 4444

kilometreskilometreskilometreskilometres  kilometreskilometreskilometreskilometres J.E. Siemon Pty Ltd FIGURE: 3 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 362,500 mE 367,500 mE 375,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 360,000 mE 365,000 mE 372,500 mE 370,000 mE 8

CONCLUSIONS

A review of the geology and previous exploration in EPC 1147 indicated that the Jurassic Marburg Subgroup was unlikely to contain economic resources of coal.

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

REFERENCES

Allen, R.J., 1972: Petroleum stratigraphic core-drilling on the Ipswich 1:250 000 Sheet area, 1968-1971. Queensland Government Mining Journal, 453-456.

BHP, 1983: Authorities to Prospect 375C and 376C Bell – Jandowae, Queensland – Final Report. BHP Minerals Limited. (CR 12242)

Day, R.W., Cranfield, L.C., and Schwarzbock, H., 1974: Stratigraphy and Structural setting of Mesozoic basins in southeastern Queensland and northeastern New South Wales; in Denmead, A.K., Tweedale, G.W., and Wilson, A.F., (eds), The Tasman Geosyncline – a Symposium. Geological Society of Australia, Queensland Division, 319-362.

De Jersey, N.J., 1973: Palynology of core samples from the Helidon, Toowoomba and Kulpi areas. Queensland Government Mining Journal, 129-140.

Cranfield, L.C., and Schwarzbock, H., 1972: Nomenclature of some Mesozoic rocks in the Brisbane and Ipswich areas, Queensland. Queensland Government Mining Journal, 414-416

Cranfield L.C., Schwarzbock, H., and Day, R.W., 1976: Geology of the Ipswich and Brisbane 1:250 000 Sheet areas. Geological Survey of Queensland Report 95.

Cranfield, L.C., Carmichael, D.C., and Wells, A.T., 1994: Ferruginous oolite and associated lithofacies from the Clarence – Moreton and related basins in southeast Queensland; in Wells, A.T., & O’Brien, P.E.,(eds), Geology and petroleum potential of the Clarence Moreton Basin, New South Wales and Queensland. AGSO Bulletin 241.

Cranfield, L.C., Donchak, P.J.T., Randall, R.E., and Crosby, G.C., 2001: Geology and mineralisation of the Yarraman Subprovince, South-East Queensland. Queensland Geology 10.

Murray, C.G., 1994: Basement cores from the Tasman Fold Belt System beneath the Great Artesian Basin in Queensland. Queensland Geological Record 1994/10.

O’Brien, P.E., and Wells, A.T., 1994: Sedimentology of the Bundamba Group, Clarence – Moreton Basin; in Wells, A.T., & O’Brien, P.E.,(eds), Geology and petroleum potential of the Clarence Moreton Basin, New South Wales and Queensland. AGSO Bulletin 241.

Ollier, C.D., and Haworth, R.J., 1994: Geomorphology of the Clarence – Moreton Basin; in Wells, A.T., & O’Brien, P.E.,(eds), Geology and petroleum potential of the Clarence Moreton Basin, New South Wales and Queensland. AGSO Bulletin 241.

Wells, A.T., and O’Brien, P.E., 1994: Lithostratigraphic framework of the Clarence – Moreton Basin; in Wells, A.T., & O’Brien, P.E., (eds), Geology and petroleum potential of the Clarence Moreton Basin, New South Wales and Queensland. AGSO Bulletin 241.

Wells, A.T., O’Brien, P.E., Willis, I.L., and Cranfield, L.C., 1990: A new lithostratigraphic framework for the Early Jurassic units in the Bundamba Group, Clarence-Moreton Basin, Queensland and New South Wales. BMR Journal of Australian Geology & Geophysics, 11, 397- 414.

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd

APPENDIX 1

DRILL LOGS BL45, BJ46 – BHP (1983)

Final and Relinquishment Report EPC 1147 Quinalow March 2008 J.E. Siemon Pty Ltd