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ResourcesGVK Coal Developers (Singapore) Pte Limited (GVKCDPL) and GVK Power and Infrastructure Limited (GVKPIL) have acquired a 79% interest in each of the Alpha Coal Project and the Alpha West Project and 100% interest in Kevin's Corner Coal Project and 100% of the Infrastructure Projects.

The Alpha Coal Project and Kevin's Corner Coal Projects are well-known thermal coal deposits within the Galilee Basin in Central Queensland, Australia.

Described as the jewel in the crown of the Galilee, the Alpha Coal Project will be a 30 Mtpa open-cut coal mine, with the potential for the future development of significant underground reserves. The open-cut operation has an expected mine life of 30 plus years, with sufficient Joint Ore Resources Committee (JORC) compliant resources to extend the project life well beyond 30 years.

The Kevin's Corner Coal Project is adjacent to Hancock's Alpha Coal Project and both Projects will utilise the proposed multi-user rail and port facilities. This is designed so that at a future point, it will have the potential to transport, load and ship capacity greater than the combined production level of both the Kevin's Corner and Alpha Coal Projects.The Kevin's Corner Coal Project will have a capacity of 30 Mtpa via open-cut and underground longwall operations. The operation has a scheduled mine life of approximately 30 plus years.

The Alpha Coal and Kevin's Corner combined resource is 7.8 billion tonnes of JORC compliant thermal coal.

visit www.hancockcoal.com.au/

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