JATCORP LIMITED — Capital/Financing Update 2011

Sep 20, 2011

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ASX/Media announcement

21 September 2011

Jatenergy’s Queensland Coal Tenement Purchase Progresses

Jatenergy Limited (ASX code: JAT) today said that progress was being made towards completion of its acquisition of 10 coal exploration permits and permit applications from Spinifex Rural Management Pty Ltd and Demycoal Pty Ltd. The tenements are located in the Galilee and Bowen Basins in Queensland, areas known for good quality thermal and coking coal deposits.

Jatenergy Chief Executive Officer Phil Hodgson said: “We have completed our examination of the available data on the tenements and we are also continuing to talk with parties who are interested in their development.

“There have been some very exciting transactions involving coal tenements in the Galilee Basin recently, including an investment of $US1.26 billion by Indian group GVK Power and Infrastructure in three coal mining projects owned by Gina Reinhart’s Hancock Prospecting.” Two tenement applications that are part of Jatenergy’s package, EPCA 1988 and EPCA 2020, are located 22km and 55km respectively from Hancock’s Alpha coal project.

The attached brochure provides a summary of the assessment to date of the tenements subject to the purchase agreement by Jatenergy. Mr Hodgson said the transfer of the granted permits, EPC 2102 and EPC 1956, was in process and was expected to occur during the next few months. He added that the remaining applications were expected to be granted progressively within the first quarter of 2012, subject to the relevant approvals. The two competing permit applications in the Bowen Basin, EPCA 2152 and EPCA 2153, had not been granted to Demycoal Pty Ltd and no consideration would be paid for either of these tenements.

Jatenergy Limited is also currently conducting an Entitlement Issue in which eligible shareholders are offered an option for every 2 shares held as at the Record Date of 23 August 2011. The issue is expected to raise approximately $393,000 before costs. The Entitlement Issue Prospectus has been dispatched to shareholders and is also available on the Company’s web site. The Entitlement Issue closes at 5pm on September 23[rd] 2011.

For further information:

Phil Hodgson, Jatenergy Chief Executive Officer – 02 9571 8300 Media: Alan Deans, Last Word Corporate Communications – 0427 490 992

Floor 6, Suite 8, 55 Miller Street, PYRMONT NSW 2009 t +61 2 9571 8300 f +61 2 9571 8200 w www.jatenergy.com

energy now & for the future

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jatE N E R G Y
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JATENERGY LIMITED

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About Jatenergy

Jatenergy Limited (ABN 31 122 826 242) is a Sydney-based energy company listed on the Australian Securities Exchange (ASX code: JAT). The company is pursuing a dual strategy based on developing a portfolio of both conventional and renewable energy assets. These include coal projects in Indonesia and Australia, and biofuel feedstock operations in Indonesia.

The company is of the view that, while renewable energy will become increasingly mainstream over the coming decades, conventional energy sources will continue to play an important role. Jatenergy’s mission is to be an important player in both the coal sector and in the production of renewable biofuels.

Jatenergy’s dual project development strategy diversifies the company’s potential sources of revenue and mitigates development risks, while building on the Company’s existing experience and contacts in Indonesia. Where possible, the Company is looking to use depleted coal fields for reforestation with oil-bearing crops such as jatropha to extend the life of project sites, while providing local communities with renewable energy and employment opportunities.

Capital structure

ASX code: JAT Shares on issue: 78,615,568 Share price: A$0.105 (16 Sep 2011) Market cap: A$8.3 million

Australian coal projects

Jatenergy has acquired coal exploration permits and permit applications in Queensland’s Bowen and Galilee Basins. These acquisitions are in sought-after areas where the Australian coal industry is undergoing very strong growth.

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Pentland
EPCA 2101 (Xstrata)
EPCA 2166
Carmichael (Adani)
7.8 Bt JORC Resource
0 20 Galilee Basin
Jatenergy EPC
Other EPC
Mineral Development Lease (MDL)
Mining Lease (ML)
Coal Resource Area
Road - major; minorRailway EPCA 1988
Alpha (Hancock)
7.9 Bt JORC Resource
EPCA 2020
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Jatenergy’s Galilee Basin projects are well-positioned near known coal resources and existing projects, including Xstrata’s Pentland project, Adani’s Carmichael project, and Hancock’s Alpha project.

EPC 2101 offers:

EPC 2101

• Indications of coal occurrences at depths of 150–300 m (uncertain thickness).

EPC 2101 comprises 100 sub-blocks centred on the Sherwood Downs and Doncaster homesteads, 30 km northeast of Richmond in western Queensland. The EPC is 190 km west of XStrata’s Pentland project and surrounded by EPCs under active exploration by Linc Energy, Guildford Coal and West Galilee Exploration. Rail access to export loading facilities at Abbot Point is via the Townsville–Mt Isa rail line, which passes 32 km to the south of the tenement.

• Drilling to be conducted by an adjacent tenement holder in the current licence year.

• Structurally benign conditions.

• Indications of potential depocentres in magnetic and gravity data. These may host greater sediment and/or coal accumulations.

• Intersections of up to 8 m seams by Guildford coal in their latest Galilee Basin drilling.

energy now & for the future

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EPCA 2166

EPCA 1988

EPCA 2166 comprises six sub-blocks around 46 km north of Belyando in Western Queensland. The EPCA is 150 km southeast of Xstrata’s Pentland project and 20 km northeast of Adani’s Carmichael project. Vale holds the tenement west of EPCA 2166, with ground to the north, south and east held by Resolve Geological, Matilda Coal, Macmines Austasia and Owen Reginald Wellington.

EPCA 1988 comprises 18 sub-blocks, around the Speculation homestead, 48 km north of Jericho in western Queensland. The EPCA is 22 km west of Hancock’s Alpha project and 45 km west of the Waratah Coal China First project. EPCA 1988 is surrounded on all sides by Waratah Coal’s tenement.

Given the tenement’s proximity to proposed developments by Hancock Coal and Waratah Coal, the tenement would benefit from any rail infrastructure built for those projects to access port facilities.

Given the project’s proximity to Adani’s MDL, the tenement would benefit from any rail infrastructure built by Adani to access port facilities. The nearest rail at present is the Townsville–Mt Isa Rail line, which passes 173 km to the north of the tenement.

EPCA 1988 offers:

• Points of observation on both sides of the tenement suggesting a good probability that thermal coal seams of the Bandanna Formation occur at depths of 400–500 m.

EPCA 2166 offers:

• Potential interest from surrounding tenement holder (Waratah Coal), which is already considering an underground operation in the vicinity. Alternatively, future exploration could assess the potential for underground coal gasification.

• Proximity to a tenement that achieved a large commercial pay-off.

• Drilling and exploration to be conducted by an adjacent tenement holder.

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Endocoal
Dingo West ML
EPC1956EPC1956EPC1956EPC1956 1956
0 10 Bowen Basin
Jatenergy EPC
Other EPC
Mineral Development Lease (MDL)
Mining Lease (ML)
Coal Resource Area
Road - major; minor
Railway
BaralabaBaralabaBaralabaBaralaba
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EPC 1956 is located ~40 km northwest from the Baralaba Coal Mine, where production is anticipated to increase to 750 ktpa in the next 15 months and to 3.5 Mtpa from 2014/15.

• Adjacent drilling to be conducted by large public and private companies may provide a future source of information on structural complexity at depth.

• Proximity to planned new rail infrastructure and state priority project.

EPCA 2020

EPCA 2020 comprises 44 sub-blocks, around Nugget Creek, 22 km west of Jericho in western Queensland and 55 km southwest of Hancock’s Alpha project.

EPCA 2020 is surrounded to the north and northeast by Waratah Coal. Given the project’s proximity to Hancock Coal’s MDL, the tenement would benefit from any rail infrastructure built for those projects to access port facilities at Abbot Point. The nearest rail at present is the Central Line, which passes 7 km to the north of the tenement.

EPCA 2020 offers:

• Essentially unexplored ground and missing historic exploration data, still to be sourced.

• Opportunity regarding the uncertainty of the boundaries and character of the Jurassic units that overlie the Hutton Sandstone and within which coal is reported elsewhere (Surat Basin).

• Drilling and operations undetaken by ~~adjac~~ ent EPC holders.

EPC 1956

EPC 1956 is located in Queensland’s Bowen Basin between the towns of Duaringa and Woorabinda. The tenement is located ~40 km northwest from the Baralaba Coal Mine, where production from the Baralaba Coal Measures is anticipated to increase to 750,000 tonnes per annum (tpa) of PCI and thermal coal in the next 15 months, and to 3.5 Mtpa from 2014/15 (Cockatoo Coal Limited).

Road access to EPC 1956 is from the north via the Capricorn Highway. Rail infrastructure to the Barney Point Coal Terminal at Gladstone passes within 5 km of the tenement. Major power l ~~in~~ es pass 10 km to the southwest and ar ~~e part~~ of the network connecting Barala ~~ba to th~~ e grid.

energy now & for the future

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legislation, and it is unclear at this stage if it will be affected.

EPCA 2117

EPCA 2117 comprises four sub-blocks centred on the town of Glenden in Central Queensland. Glenden is a township of approximately 1300, predominately housing XStrata coal employees that work the Newlands underground and open-cut operations. The Queensland government has declared a 2 km exclusion zone on new exploration applications proximate to towns of more than 1000 people. EPCA 2117 predates thi ~~s~~ proposed

EPCA 2117 is situated 20 km east of Xstrata’s Suttor Creek Mine and 16 km northwest of Rio Tinto’s Lake Elphinstone project. A single EPC granted to a whollyowned subsidiary of Macarthur Coal completely surrounds EPCA 2117. Rio Tinto, Vale and Xstrata hold exploration permits for coal near to but not contiguous with the border of EPCA 2117.

Railheads are established at Newlands and Hail Creek to the northwest and

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0 20 Bowen Basin
Jatenergy EPC
Other EPC
Mineral Development Lease (MDL)
Mining Lease (ML)
Coal Resource Area
Road - major; minor
Eastern Creek Railway
New land s
EPCA 2117
Suttor Creek
H ail Creek
Wards Well
Burton
North Goonyella
Riverside
S outh Walker Creek
Goo nyella R iv erside Broadmeadows ( UG )
Broadlea North Co ppabella
Mo ranbah North
Carborough Downs
EP C 2102
Moranba h I sa ac Pl ain s Moorvale
Mil lenni u m
Po itrell
Peak Downs
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southeast respectively, with the nearer Newlands railhead (~25 km), providing access to the Abbot Point coal terminal. EPCA 2117 offers:

• A proximal point of observation and supporting seismic data that suggests a seismic reflector that may correspond to a thick seam (5–6 m) of good quality thermal coal of the Rangal Coal Measures, with good lateral continuity occurring at a depth of 550–750 m.

• Limited faulting or folding.

• Proximity to existing infrastructure.

EPC 2102

EPC 2102 (Moranbah project) is located in the northern Bowen Basin, approximately 190 km southwest of Mackay. The town of Moranbah (population ~7200) covers around 5 km[2] of the tenement. The Queensland government has declared a 2 km exclusion zone on new exploration applications proximate to towns of more than 1000 people. EPC 2102 is a granted permit and predates this proposed legislation, and it is unclear at this stage if it will be affected.

EPC 2102 is accessed via the Peak Downs Highway. Rail connection to the Dalrymple Bay Coal Terminal passes 1 km to the west. Powerlines and water infrastructure that supply the town of Moranbah are within the tenement.

EPC 2102 is surrounded and partly encroached by Anglo Coal’s Grosvenor Mineral Development Licence (MDL) and proximal to the iconic Peak Downs coal mine. All of EPC 2102 coincides with part of a production Petroleum Lease granted to CH4 Limited in June 2008 for a period of 20 years.

The Grosvenor underground operation is intended to produce up to 7 Mtpa of run-of-mine (ROM) coal, processed to yield approximately 5 Mtpa of coking coal for export. The project’s mine life is expected to be 30 years. BHP Coal’s Peak Downs mining lease was granted in 1983, with measured and indicated resources of around 1500 Mt.

EPCA 2117 is located 20 km east of Xstrata’s Suttor Creek mine and 16 km northwest of Rio Tinto’s Lake Elphinstone project. EPC 2102 is proximal to the iconic Peak Downs coal mine and surrounded by Anglo Coal’s Grosvenor project, which is expected to produce 5 Mtpa of coking coal for export.

energy now & for the future

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EPCA 2001

EPCA 2001 comprises 12 sub-blocks 32 km west of Rolleston in central Queensland. The tenement’s southeastern border is contiguous with Xstrata’s Rolleston Mine. EPCA 2001 is bound to the west, north and east by EPC 1517, which hosts Endocoal’s Orion Downs project. Both Guildford Coal and Xstrata Coal Queensland either hold exploration permits for coal or have submitted competing applications over ground to the tenement’s south.

Projects located around and including the area covered by EPCA 2001 benefit from established rail infrastructure at Rolleston Mine (the Bauhinia rail link), which connects to Gladstone’s port facilities.

EPCA 2001 offers:

• Reported coal intersections in the Aldebaran Sandstone—4.5 m net coal over 194 m, including a section containing three seams with 3 m net coal over a 50 m interval—in a CSG well collared 3 km to the tenement’s south. This stratigraphic unit occurs at shallow depths and is likely to have significant strike potential within EPCA 2001.

• Reports from adjacent tenement holders of coal intersections in the Freitag Formation.

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E ncham C ur ra gh
Blackwater C ook
So uth
Minerva
B lackwa ter
EPCA 2001
Roll es ton
0 20 Bowen Basin
Jatenergy EPC
Other EPC
Mineral Development Lease (MDL)
Mining Lease (ML)
Coal Resource Area
Road - major; minor
Railway
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EPCA 2001 is adjacent to the Rolleston mine, with its established rail infastructure connecting to Gladstone’s port facilities.

• Recent photogeological interpretations that outline steps to identify erosionprone areas as indications of coal potential within the Aldebaran Sandstone.

• Known resources at Valeria (adjacent to Blair Athol) occur within the Aldebaran Sandstone.

Disclaimer

This document has been prepared by Jatenergy Limited to provide interested parties with information on the Company and its operations.

Any statements, opinions, or other material contained in this document do not constitute any commitments, representations or warranties by Jatenergy Limited and/or any associated entities or its directors, agents or employees.

Except as required by law, and only to the extent so required, directors, agents and employees of Jatenergy Limited shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this document.

This document includes certain information that reflects various assumptions. The assumptions may or may not prove to be correct. Recipients of the document must make their own independent investigations, consideration and evaluations prior to making any decisions in relation to investing in the Company.

Level 6, Suite 8, 55 Miller Street, Pyrmont NSW 2009, Australia t +61 2 9571 8300 f +61 2 9571 8200 e enquiries@jatenergy.com

www.jatenergy.com

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Competent Person’s Statement

The information in this announcement which relates to Exploration Results, Mineral Resources or Ore Reserves, is based on information compiled for Jatenergy Limited which has been reviewed by S.W. (Bill) Hayes, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Hayes is the principal of Fairpark Pty Ltd trading as S.W. Hayes & Associates (ACN 010 459 891) and has over 40 years of exploration and mining experience in a variety of mineral deposit styles. Mr Hayes has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. S.W. Hayes & Associates consents to the inclusion in this announcement of the matters based on their review of the information in the form and context in which it appears.

About Jatenergy

Jatenergy is an energy company operating in Australia and Asia. It produces crude jatropha oil from operations in Central Java, Indonesia, and has recently expanded its energy portfolio from plant oil to include coal through the purchase of two mining projects in Indonesia’s Kalimantan coal region, and the execution of binding agreements to purchase 10 coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins.

Recent ASX/Media Releases

9 September 2011

AUSTRALIA’S JATENERGY SUPPLIES FUEL FOR LUFTHANSA’S PIONEERING BIOJET FLIGHTS High quality crude jatropha oil supplied by Jatenergy Limited from its operations in Central Java, Indonesia, has been sold to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt. Jatenergy today announced it had sold 200 tonnes of crude jatropha oil at US$1000 per tonne from its joint venture operations with PT Waterland International. The oil has been refined into biojet fuel for Lufthansa by the specialist energy company, Neste Oil.

22 August 2011

JATENERGY PROCEEDS WITH SECOND FAST-TO-PRODUCTION COAL MINE IN INDONESIA Jatenergy has reached conditional agreement for a new coal mining joint venture in East Kalimantan that is expected to move rapidly into coal production. The Jongkang project, located 5 km along an existing haul road from the Mahakam River and about 25km from a major hub of Indonesia’s coal industry at Samarinda, is being developed by an existing coal mine operator, CV Wijaya Mulia. http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2645145

20 June 2011

FULL AGREEMENTS SIGNED FOR QUEENSLAND COAL ACQUISITION

Jatenergy has executed full tenement purchase and royalty agreements to purchase 10 coal exploration permits and permit applications in the Galilee and Bowen Basins. The agreements formalise the binding letters announced by the company on 8 February and 19 May this year. http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2638166

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31 May 2011

JATENERGY FAST TRACKS INDONESIAN COAL DEVELOPMENT PLANS

Jatenergy’s board approved several significant strategic initiatives to advance its new dual energy strategy, including the rapid development of the Atan Bara coal mine in East Kalimantan, Indonesia, and the appointment of an experienced coal Chief Operating Officer to its Indonesian operations. http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2636242

18 May 2011

JATENERGY EXPANDS QUEENSLAND COAL DEAL INTO BOWEN BASIN

Jatenergy concluded a revised binding offer letter to acquire six additional coal exploration permits and permit applications in the Bowen Basin, the homeland of Queensland’s coal export industry. The deal continues to include the acquisition of four Galilee Basin permits and permit applications announced early in February.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2635108

8 February 2011

JATOIL IN COAL DOUBLE PLAY AFTER SIGNING QUEENSLAND DEAL

Jatoil executed a binding letter of intent to acquire four coal exploration permits and permit applications in the Galilee Basin in central Queensland. The deal strengthens Jatoil’s dual energy strategy being initiated through the pending acquisition of two coal assets in Kalimantan, Indonesia. http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2623033

4 February 2011

JATOIL ESTABLISHES ENERGY TRADING DIVISION AS SALES RAMP UP

Jatoil is to trade energy commodities from this year as a core part of its business, and has strengthened its Singapore operations by appointing an experienced energy commodities trader, Nick Croom, to the boards of its Singapore subsidiaries.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2622770

3 February 2011

JATOIL BIOFUEL PRODUCTION PASSES 200 TONNES – ALL FOR MAJOR AIRLINES Jatoil achieved production of 200 tonnes of crude jatropha oil (CJO), all of which will be shipped and used as a feedstock for keenly sought after biojet aviation fuel for use by commercial airlines. http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2622586