TCM COAL PROJECT OVERVIEW

Providing energy to fuel Asia’s growth.

40km barging to M. 2 . Project plan is targeting a low initial CAPEX with a progressive ramp up to full production.5 mtpa 30 years +  Good location/Infrastructure Adjacent to ATA open pit. 50km Haul Road.THE TCM COAL PROJECT SOUTH KALIMANTAN.16 Mt Feasibility Study A Base Case Feasibility Study has been completed by KOPEX of Europe.62 Mt 24. This is being optimised by China Coal Technology Engineering Group (BHEC – CCTEG) for the recent resource upgrade.47 Mt 67.V Mechanised Underground 129 million tonnes (mineable seams) Ownership Pan Asia holds a 75% interest with its Indonesian partners owning a 25% interest Title Status Operations & Production IUP / “Clean & Clear” Status / PMA Ownership Status JORC (Mineable Seams) Measured Indicated Inferred Total 37.07 Mt -----------129. INDONESIA Key Points for This Project Are:  High CV coal  Target Sellable Coal  Mine life  Style of mining  Current JORC ~6200 GAR 1.

05 1.35 0.5 3.6 Analysis Carbon Hydrogen Nitrogen Total Sulfur Oxygen + error Ash Fusion Temperature Deformation Spherical Hemispherical Flow Silica as SiO2 Aluminium as Al2O3 Iron as Fe2O3 Calcium as CaO Magnesium as MgO Titanium as TiO2 Sodium as Na2O Potassium as K2O Manganese as Mn3O4 Phosporus as P2O5 Sulfur as SO3 Crucible Swelling Number Physical Properties Hardgrove Grindability Index Nominal Top Size Minus 2mm o o C C o C o C % % % % % % % % % % % Ash Chemistry .50 3.12 0.50 0.221 1.0 14.COAL QUALITY Proximate Analysis Total Moisture Inherent Moisture Ash content Volatile Matter Fixed Carbon Total Sulfur Calorific Value ar adb ar ar daf ar ar adb daf daf daf daf daf daf 14% Ash Spec 8.8 by difference 1.0 38.039 0.1 49.15 45 50 15 mm % 3 .48 Reducing Atmosphere >1600 >1600 >1600 >1600 Oxidising Atmosphere >1600 >1600 >1600 >1600 Ultimate Analysis .0 8.4 31.6 6.6 2.From F1.60 coal analysis only 51.12 0.00 6200 6600 8000 79.From F1.75 12.05 0.

Location of the TCM Project in South Kalimantan PT Arutmin ATA Coal Mine Adjacent to TCM 4 .