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 740Mt of the estimated thermal coal resources sit at a depth of less than 50 metres.
    • Increased Certainty: In-fill drilling successfully completed in 2023 nearly doubled the project's Indicated Resource to 55 million tonnes.
    • Resource Upgrade: Since the last Resource Update in February 2024, reductions in number of sub blocks from the 2 EPC’s have necessitated a review of the coal resource estimate.  The Company's Coal Resource Statement was updated on 7 August 2026.1 The total coal resource is comprised by 55Mt of Indicated and 1070Mt of Inferred Coal Resources. 

1  ASX:PXR Release: “Coal Resource Update for Blackall Coal project” 7 August 2026

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

Coal Resources and Analysis

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

Figure 1: Drill hole locations for the Blackall Coal Project.

Tables 2.1 and 2.2 provide the updated Summary Coal Resources by Seam, Category and Depth for EPCs 1719 and 1993 respectively.

Table 2.1 EPC 1719 Summary of Coal Resources by Seam, Category and Depth, Blackall Project (Inverness Deposit)

Table 2.1 Notes:

Zeros represent small numbers that round to zero. Discrepancies in subtotals are due to rounding

.
1 Cumulative ply thickness.

2 In situ density generated from ash regression at 25% moisture basis.

3 Raw coal quality parameters reported at in situ moisture basis (25%).

4 Specific Energy also reported at air dried basis.

Table 2.2 EPC 1993 Summary of Coal Resources by Seam, Category and Depth, Blackall Project (Inverness Deposit)

Table 2.2 Notes:

Zeros represent small numbers that round to zero. Discrepancies in subtotals are due to rounding

1 Cumulative ply thickness.

21n situ density generated from ash regression at 25% moisture basis.

3 Raw coal quality parameters reported at in situ moisture basis (25%).

4 Specific Energy also reported at air dried basis.

5 Default quality values developed from limited laboratory data.

Competent Person Statement

    Janet Bartolo, confirms she is the Competent Person for the Competent Person Report from which the information to be publicly released has been obtained and also confirms that:

        • She has 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.
        • She is a Competent Person as defined by the JORC Code 2012 Edition, having 30 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, she has more than 25 years of experience in the estimation, assessment and evaluation of Coal Resources, the activity for which she is accepting responsibility.
        • She is a Member of The Australasian Institute of Mining and Metallurgy.
        • She has reviewed the Report or Excerpt from the Report to which this Consent Statement applies.

    She is an employee working for McElroy Bryan Geological Services Pty Ltd and has been engaged by Pacific Resources Limited to prepare the documentation for Blackall Coal Project – Inverness Deposit on which the Report is based.

    In addition:

        • She has disclosed to Pacific Resources Limited the full nature of the relationship between herself and the company, including any issues that could be perceived by investors as a conflict of interest.
        • She verifies that the Report is based on and fairly and accurately reflects in the form and context in which it appears, the information in her supporting documentation relating to Coal Resources.
        • She consents 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.