PACIFIC RESOURCES LIMITED — Investor Presentation 2011

Sep 29, 2011

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Coaltrans: Financing and Investing in Coal Conference COALBANK LIMITED (ASX: CBQ) Singapore, 30[th] September 2011

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General Disclaimer
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• This document has been prepared by COALBANK Limited (the Company) to provide existing and prospective investors in COALBANK Limited with an update on the Company and its operations.

• This presentation, including the information contained in this disclaimer, does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither the presentation, disclaimer nor anything contained in them forms the basis of any contract or commitment. This presentation does not take into account your individual investment objectives, financial situation or particular needs. You must not act on the basis of any matter contained in this presentation, but must make your own assessment of the Company.

• No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecast, prospects, returns or statements in relation to future matters contained in the presentation (“forward-looking statements”). Such forward-looking statements are by their nature subject to significant uncertainties and contingencies and are based on a number of estimates and assumptions that are subject to change (and in many cases are outside the control of COALBANK Limited and its directors) which may cause the actual results or performance of COALBANK Limited to be materially different from any future results or performance expressed or implied by such forward-looking statements.

• To the maximum extent permitted by law, none of COALBANK Limited, or their related corporations, directors, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

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COALBANK Coal Projects Overview
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One of Australia’s largest coal acreage holdings

• Major coal exploration footprint in Queensland exceeding 24,000 km[2]

• Contiguous footprint in the Surat/Eromanga Basins

• Potential for multiple coal deposits

Early positive drilling results at Blackall in September 2011

• Confirmed multiple coal seams from shallow depths in initial drilling

• Potential for large tonnages near existing rail corridor

• Continuation of known coal seams and tonnages identified in adjacent permit

• Drilling is continuing

The path to development

• Development strategy includes strategic partnerships

• Funding options include strategic and further institutional investment or Joint

Ventures

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Our Coal Project Portfolio
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BLACKALL
TAMBO
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One of the largest footprints in Australia (24,000 sq km) Coal projects in several basins Multi-deposit potential in Surat/Eromanga portfolio

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BRISBANE
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Coal Projects in Our Region
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Long term economics are accelerating new coal project developments in Queensland

Large scale developments are in the pipeline

Major infrastructure planned for the region

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Blackall/Tambo Project Areas & Targets
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Blackall Project
Walloon Coal
Central Project Measures
Discoveries
East Energy Xstrata Wandoan
Resources Chinchilla coal resources
Carlow coal 1,254MT
resource 469MT Southern CSG Fields East Measured, 729MT
Indicated, Lacerta/Don Indicated, 2,494MT
280MT Inferred Project Juan Project Inferred.
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• •Xstrata – “Mineral Resources and Ore Reserves as at 30 June 2010”

• •East Energy Resources Limited ASX Announcement 7 June 2011 – Xenith Consulting Estimate (April 2011)

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Blackall Project – Resource Potential
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Drilling targets based on adjoining EPC 1149 with maiden JORC compliant coal resource (469Mt indicated and 280Mt inferred) and evidence from historical water bores

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Indicated 469 MT
Inferred 280 MT
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•Water bore log data

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Source of East Energy Resources Limited Alambi Target Area outline - East Energy Resources Limited ASX announcement 17 May 2011 Carlow Coal Resource Tonnes & outline: East Energy Resources Limited ASX Announcement 7 June 2011 – Xenith Consulting Estimate (April 2011)

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Blackall Project – Early Success
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Drilling commenced late August 2011 Targeting northward extensions of known deposits immediately to the south Total coal >8 metres confirmed from shallow depths

Initial drilling

Ongoing drilling underway to correlate seam groups identified with those occurring to the south

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Exploration Plans
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Planned Drilling

Number Of Holes 82 (80 chip, 2 part-cored)

Timing	August – December 2011
Depth Range	50 – 300m
No. of Rigs	2

Further targets being identified & prioritised from recently granted permits

Implementation

2011 Task Q1 Q2 Q3 Q4 First-pass drilling on selected targets Commence JORC Resource level drilling

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Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans	Exploration and Development Plans
		2011				2012				2013	2014	2015
	Task	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
	First-pass drilling on selected targets
	Drill follow-up targets to JORC Resource level
	First-pass drilling on next targets
	Drill next-round targets to JORC Resource level
	MINE 1
	Concept Study
	Pre-feasibility Study
	Feasibility Study
	Mine Development
	MINE 2
	Concept Study
	Pre-feasibility Study
	Feasibility Study

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Experienced Core Project Team
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Bruce Patrick Chief Executive, B.Sc, (Hons), Grad Dip Mgt, Cert. in Mining, MAusIMM Project Manager for Anglo Coal’s $800m Lake Lindsay Project, from initial exploration, through feasibility and approvals, to construction. Background in coal geology, mining engineering and mine operational management.

Dr Peter Jorgensen Senior Geologist, BSc (Hons), PhD, MAusIMM Over 18 years experience in the Queensland coal industry, more than 20 years geological experience with Shell Coal, Anglo Coal and as a self-employed contract geologist.

Staffan Ever Director, MBA, M.Sc, (Civil Eng)

Former CEO of QCoal, former General Manager of AMCI Australia (12 years with AMCI). Strong experience in managing and financing coal projects from greenfields to production and marketing. Previously undertook and oversaw equity investments in Gunnedah, Glennies Creek, Coppabella and Moorvale mines.

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Capital Structure
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Key Metrics:

ASX Code	CBQ
Shares on issue	729,579,740
Current share price	AUD 0.07
Market Capitalisation	AUD 48.9m
Cash on hand	AUD 3.5m

Source – IRESS, quarterly reports

Significant Shareholders

o	Allegro Capital Nominees Pty Ltd (G. Baynton, Director)	55.1%
o	Affiliated Funds of Och-Ziff Capital Management LLC	6.85%
o	Square Resources Pty Limited	3.3%

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Recent Coal Acquisitions in Queensland
Thermal Coal Price
Forecast (USD/t)
200
150
100
50
0
Linc Assets
acquired by Adani
Enterprises
Source: Citigroup Global Markets 6 July 2011
Mineralogy
acquired 93%
Norton Goldfields
interest in Waratah
EPC1033 to Boardwalk
Coal
Sienna Pty Ltd
GVK to acquire
Aston Resources farm-
70% of Hancock
in - Dingo
Prospecting (Alpha
& Kevin’s Corner)
Tiaro Coal Ltd acquired
50% in Bundaberg Coal
Exploration Project
Yancoal acquired
Syntec (Cameby New Hope Corp. Ltd
Downs) acquired 80% Northern
Energy Corp. Ltd
Anglo Surat projects
sold to Cockatoo Coal
Limited & POSCO
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Summary
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 COALBANK is an explorer and developer of early stage coal assets

 Unlock value through delivery of new coal projects using our team’s geological expertise

 A significant landholding in an emerging coal basin

 In excess of 21,000 km[2] across the Surat coal basin west of Roma in Queensland

 Additional projects in other coal basins close to operating coal mines

 Historical water bore records indicate significant coal intersections across tenement position

 Early success in drilling at Blackall, with total coal of >8 metres at shallow depths

 Potential for multiple deposits and large tonnages

• Funding strategy includes strategic and institutional investment and JVs

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Contact Details

Bruce Patrick Chief Executive COALBANK LIMITED email: Phone: Web: ASX: CBQ.AX

brucepatrick@coalbank.com 61 7 32296606

www.coalbank.com

CBQ.AX

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