🕐26.11.12 - 04:54 Uhr

INTERNATIONAL COAL [ASX: ICX] - SUBSTANTIAL INCREASE TO JORC RESOURCE AT SOUTH BLACKALL (EPC2197)





Fortbridge Media Release

International Coal [ASX: ICX] - Substantial increase to JORC Resource at South Blackall (EPC2197)

International Coal Limited (ASX: ICX) has provided the following commentary on the results of the recent phase 2 drill programme and the substantial increase to the JORC resource assessment made from the recent drill results.

Highlights:

* The Total Inferred Coal resource has been increased to 1.246 Billion tonne (1,264 million tonne)
* This represents a 536 Mt increase or a 73% increase in the Inferred JORC resource at EPC2197
* Drilling in Phase 2 has identified better and thicker coal seams across the project area with the majority of coal seams encountered between 35 and 150 metres
* Programme has vastly improved correlation of the coal seams and confidence in their continuity
* Drill Hole SB16 has identified a single seam of greater than 5.50 metres at a depth of just over 90 metres. The cumulate seams within this hole is significantly higher
* Washing and treatment of raw material could be expected to increase Gross Calorific * Values by around 10 � 20% from raw / unwashed values
* Modelling indicates a resource of simple structure with no faulting and Shallow, simple synclinal structure with dips of 1-3o on the limbs

South Gumbardo Creek Deposit Model Update November 2012

A new Minescape Structural model for the South Gumbardo Creek deposit has been generated based on additional drilling information made available from the Stage2 Exploration Program (see Table 1 in the attached announcement) completed during July to September 2012.

It should be noted that an additional eight boreholes at five sites were added, which has vastly improved correlation of the coal seams and confidence in their continuity. It now appears that at this locality the Winton Formation hosts four coal intervals separated by several metres to several tens of metres of non-coal sedimentary rocks, with the lowest coal interval nonconformable with the upper 3 sequences.

Please see the attached announcement for more details.

For further information, please contact:

Hugh Dai
Executive Director
Phone: 0416 186 888

David Round
Director
Phone: 0411 160 445

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