XSTRATA Coal

Is currently in the pre-feasibility stage of what could by 2011 be Australia's largest coal mine. The company is looking to export up to 30 million tonnes of coal a year from its Wandoan resource

SYNTECH RESOURCES

The Syntech Group is a privately owned group formed to acquire and develop the Cameby Downs coal deposit, which is located in the Surat Basin in south west Queensland, 30 km north-west of Chinchilla.

Fifteen kilometres east of Miles, Syntech Resources has started work on a project that will see one million tonnes of coal export out of the Port of Brisbane by the second quarter of 2008. However, with the Surat Basin Rail, that amount could increase significantly.

Cockatoo Coal

Cockatoo Coal is an emerging Australian coal company with a large portfolio of
Queensland coal tenements covering in excess of 3,500km2. The Company currently
has identified 90+million tonnes of total coal resources (JORC) and has plans for
aggressive exploration and development during 2008, and is also considering the potential
for future acquisitions.

The company's intent is to commence mining from 2011, with a current target production of
12.5Mtpa by 2015.

NORTHERN ENERGY

Another company that has been stalled by the lack of transport and water. Northern Energy Corporation owns a 320 million tonne Elimatta resource west of Wandoan and will use the project to move from an explorer to a producer.

Metallica Minerals

Metallica Minerals Limited (Metallica) was incorporated in 1997 by Founding and Managing Director Andrew Gillies.

Metallica was establised with the primary objective of creating opportunity and wealth for its shareholders through the evaluation and development of mineral projects in Queensland. Metallica was listed on the Australian Stock Exchange November 2004 (ASX Code MLM).

Metallica's focus and flagship project is its North Queensland Nickel Cobalt (NORNICO)

The Directors and management team are proud of the quality of the mineral portfolio that has been carefully selected and secured, particularly nickel-cobalt - NORNICO Project, as well as coal and bauxite projects. The predominantly 100% held mineral project portfolio has excellent development potential as well as being accompanied by considerable exploration upside, with exposure to a suite of other commodities, including Platinum Group Elements (PGE), copper, gold, titanium, scandium, zircon, diamonds, limestone and other industrial minerals.