• Drilling at the Rolleston South Project has confirmed thick, continuous coal seams up to 3m, with early testwork showing clean, high-yield coal that points to potential low-ash, semi-soft metallurgical characteristics rather than a standard thermal coal product, subject to further detailed analysis in progress.
• Early results also demonstrate strong seam continuity and thickness across the first drillholes, with no faults intersected, reducing geological risk and supporting confidence in the resource.
• Initial results from drill-holes RSC014 and RSC015C show seams A, B & D are thicker than predicted (up to 3m; Figure 1). These results support the potential to upgrade part of the 190.1 Mt Inferred Resource to Indicated status.
Read the full ASX announcement dated 28 November 2025 via our Investor Centre.