Blackall Coal Project

Blackall Coal Project

The Blackall Coal Project is located in central Queensland (comprising EPCs 1993 and 1719) near Blackall town.
Key points include:
    • Location: Situated 130 km south-west of the Alpha area coal projects.
    • Geology: Features flat-lying coal seams across a 25 km synclinal structure.
    • Shallow Resources: Over 800Mt of the estimated coal resources sit at a depth of less than 50 metres with overall Inferred Resource of over 1 billion tonnes.
    • Resource Upgrade: Updated its statement on 27 February 2024 using 2023 drilling data to Inferred Resource of 1.2bt.
    • Increased Certainty: In-fill drilling successfully nearly doubled the project's Indicated resource to 55 million tonnes.

      Figure 1: Coal Exploration Portfolio in Queensland 30th June 2026

Table 1: Summary of Coal Resources for the Blackall Coal Project (EPCs 1719 and 1993)

** Competent Person Statement

  • I Rowan Johnson, Member of The Australasian Institute of Mining and Metallurgy, confirm that I am the Competent Person for the Competent Person Report from which the information relating to the Blackall Coal Project to be publicly released has been obtained and also confirm that:
  • I have read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition), the 2014 Edition of the Australian Guidelines for the Estimation and Classification of Coal Resources and the relevant sections of Chapter 5 and Guidance Note 31 from the ASX Listing Rules.
  • I am a Competent Person as defined by the JORC Code 2012 Edition, having over 39 years of experience that is relevant to the coal types, quality and potential mining method(s) of the deposit(s) described in the Report. In addition, I have over 25 years of experience in the estimation, assessment and evaluation of Coal Resources, the activity for which I am accepting responsibility.
  • I have reviewed the Report or Excerpt from the Report to which this Consent Statement applies.

In addition:

  • I have disclosed to Pacific Resources Limited the full nature of the relationship between myself and the Company, including any issues that could be perceived by investors as a conflict of interest.
  • I verify that the Report is based on and fairly and accurately reflects in the form and context in which it appears, the information in my supporting documentation relating to Coal Resources.
  • I consent to the release of the Report and this Consent Statement by the Directors of Pacific Resources Limited.

The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original report.