| 1. |
SESIKHONA |
| • |
Miranda Coal interest: 73% |
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Status: mining right over 884ha |
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| Resource statement: |
Probable reserve |
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(TWP phase 1, opencast plan) 1,5mt |
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Measured resource (Samrec CPR) 3.9mt |
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Recon resource (Mintek report) 17.4mt |
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Aggregated 22.8mt |
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| • |
Coal quality: anthracite |
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Mining: first phase opencast mining to commence by early 2010;
planned rate of 40 000 tpm of saleable coal |
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Exploration: infill drilling to continue simultaneously with mining to
extend, define and upgrade resource |
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| 2. |
DWALA |
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Miranda Coal interest: 65% |
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Status: 2 prospecting rights over 1 658ha |
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Resource statement: First phase drilling results expected in 2010Q1 |
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Coal quality: anthracite |
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Mining: contiguous with Sesikhona, extending coal horizon towards
Durnacol in the west |
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Exploration: drilling programme has commenced to confirm
continuation of coal seams and improve understanding of resource |
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| 3. |
MAJESTIC |
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Miranda Coal interest: 65% |
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Status: prospecting right over 816 ha |
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Resource statement: CPR expected by end-2009 |
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Coal quality: anthracite and coal with coking qualities
(awaiting lab analysis) |
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Mining: close to Sesikhona/ Dwala; at least three collieries known to
have operated in the area |
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Exploration: First phase drilling completed (13 holes); initial indications
of 2 mineable seams; restricted by certain areas being previously
mined |
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| 4. |
UITHOEK |
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Miranda Coal interest: 100% (less 7.5% revenue-based fee) |
| • |
Status: mining right application accepted by DMR over 2 502ha; DMR
approval of the mining right expected by no later than early 2010 |
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Resource statement: Measured resource (Samrec CPR) 6.7mt |
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Coal quality: lean and bituminous coal with coking qualities |
| • |
Mining: estimated 70% of resource open-castable; mining planned to
commence during 2010H2 |
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Exploration: total of 122 boreholes and 49 infill holes completed;
final phase of exploration to define additional resource in south east of
property |
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| 5. |
BURNSIDE |
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Miranda Coal interest: 60% |
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Status: mining right application accepted by DMR (4 540ha); EIA to be
submitted by April 2010 |
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| Resource statement: |
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Indicated resource (Samrec CPR) 18.9mt |
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Inferred resource (Samrec CPR) 16.6mt |
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Samrec resource 35.5mt |
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| • |
Coal quality: lean and bituminous coal with coking qualities |
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Mining: Contiguous with Uithoek; mining targeted to commence by
second half of 2011; 25% of resource would be opencast mining |
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Exploration: 78 boreholes drilled previously |
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| 6. |
BOSCHHOEK |
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Miranda Coal interest: 52% |
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Status: prospecting right held over 6 608ha |
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Resource statement: Indicated resource (Samrec CPR) 52.3mt |
| • |
Coal quality: lean and bituminous coal – an estimated 75% of the
resource with coking qualities |
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Mining: pre-feasibility study to commence in 2010; mining right
application to be submitted in 2011; Target is for mining to commence
by 2012 |
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Exploration: 141 boreholes drilled previously; 2010 program: 10 holes
for coal washability data; infill drilling of up to 50 holes being planned to
upgrade the resource to measured status |
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| 7. |
WASBANK |
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Miranda Coal interest: 62% |
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Status: prospecting right held over 2 135ha |
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Resource statement: Reconnaissance (Mintek report) 1.5mt |
| • |
Coal quality: lean and bituminous coal with latter having coking
qualities |
| • |
Mining: contiguous to Boschhoek and Uithoek; pre-feasibility study to
commence in 2011; mining right application to be submitted in 2011;
Target is for mining to commence by 2012 |
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Exploration: 23 boreholes drilled to date; resource to be upgraded |
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| 8. |
YARL |
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Miranda Coal interest: 100% |
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Status: prospecting right held over 1 216ha |
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| Resource statement: |
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Inferred resource (Samrec CPR) 16.9mt |
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Reconnaissance (Mintek report) 54.3mt |
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Aggregated 71.2mt |
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| • |
Coal quality: early indications of coal qualities are anthracitic and
bituminous |
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Mining: pre-feasibility study for an underground mine will commence
when drilling is completed |
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Exploration: 71 boreholes drilled previously; infill drilling (20 holes)
required to upgrade resource to indicated status |
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| 9. |
LEARYDALE |
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Miranda Coal interest: 100% |
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Status: prospecting right held over 253ha |
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Resource statement: Reconnaissance: (Mintek report) 44.3mt |
| • |
Coal quality: more detailed work & drilling required to determine
specific markets |
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Mining: contiguous to Yarl; likely to be mostly underground mining;
only about 5% of resource would be opencast mining |
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Exploration: 34 boreholes drilled previously; infill drilling required to
upgrade resource; Samrec resource definition expected after 2011 |
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| 10. |
UTRECHT REGION (NORTHERN KZN) |
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Miranda Coal interest: 70% |
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Status: 5 separate prospecting right applications accepted by the
DMR for areas spanning 9 500ha |
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Resource statement: subject to initial exploration results |
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Mining: Balgary Collieries situated on NW border of Twijfelfontein;
Welgedacht Colliery and Umgala Collieries mined to the west of
Twijfelfontein; Umgala and Balgary Collieries produced 80 000tpm and
17 000tpm of saleable coal, respectively; historical mining method was
bord-and-pillar system |
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Exploration: historical survey data indicates seam thickness of 1.2m
on Witklip; presently engaged in completing EMPs on all 5 projects |
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