Whitehaven has interests in a number of coal exploration projects. These include:
The right to acquire up to 50% of the Ferndale Project, located within the Sydney coal basin, New South Wales upon completion of the farm-in arrangements with Coalworks via its Subsidiary, Loyal Coal Pty Limited. The Ferndale Project is targeting open-cut thermal coal and underground thermal and semi-soft coking coal. On 17 February 2012 Coalworks announced to ASX an Inferred Resource (classified in accordance with the JORC Code) within EL7430 of 743 million tonnes of bituminous coal, based on a Resource Model update prepared by Ravensgate Minerals Industry Consultants. A copy of this announcement is available on the Coalworks website at www.coalworks.com.au. The Resource Model update was commissioned solely by Coalworks and has not been reviewed by or commented upon by Boardwalk (which was formally acquired by Whitehaven Coal Limited on 1 May, 2012) or the Ferndale Coal Joint Venture (FCJV) which now comprises Whitehaven Coal and Coalworks subsidiary Loyal Coal Pty Limited. Whitehaven Coal and the FCJV take no responsibility for and disclaim all liability in relation to the Coalworks ASX announcement and the Ravensgate Resource Model update;
70% of the Dingo Project located within the Bowen Basin in Queensland and targeting open-cut hard coking, PCI and thermal coal. The project is a joint venture with Cockatoo Coal via its subsidiary, Independent Coal Pty Limited;
100% of the Sienna Project, also located within the Bowen Basin in Queensland and targeting open-cut and underground hard coking, PCI, and thermal coal;
100% of the Monto Project, located in the Mulgildie Basin in Queensland and targeting open-cut thermal coal and;
100% of the Ashford project (Bonshaw). Whitehaven holds exploration tenements over two modest tonnage, coking coal Resources near Ashford. The Brunt Deposit comprises a fault repeated coal seam with cumulative coal intercepts of up to 60 metres. Feasibility studies for the Brunt Deposit indicate a low ratio open-cut with good recoveries of coking coal fraction.