NEW AGE EXPLORATION AND

AURORA ENERGY
Emerging Met and Thermal
Coal Company in Colombia
Colombian Mining Conference 2012
Santa Martha, July 2012

ASX: NAE

NAE COAL PROJECT PORTFOLIO

United Kingdom
Lochinvar Coking Coal Project
- 67km2 licence on Scottish / English border granted in June 2012
- 330-410Mt potential coking and PCI coal exploration target

Colombia
Terranova Coking Coal Project (Central Colombia)
- Concession 887T

(3.6Mt hard coking coal JORC resource)

- Adjacent Concessions

(30-58Mt hard coking coal exploration target)

- Targeting production in 2014 subject to permitting

Thermal Coal Projects in world-class Cesar Basin

- La Miel Thermal Coal Project (50-200Mt UG export thermal coal exploration target)
- Cesar Thermal Coal Project

(200-800Mt UG export thermal coal exploration target)

COLOMBIAN PROJECTS

OUR EXPERIENCE

Entered Colombia March 2011 - Positive experience - Good place to do business

Excellent resource endowment

Local Partners Aurora Energy key to our success:

25 years experience operating in Colombia
Leading supplier of mining and mineral processing equipment (Polminera-Entrelink) and consulting
services to the Colombian underground coal mining sector
Strong relationships with concession owners

Building a large coking coal export business in Colombia requires:

Mechanisation of underground mines and wash plants
Developing the skills of miners to operate more sophisticated equipment
Improved logistics (road, barging, rail, ports)
Reliable consistent quality coal for export
5 coal transactions completed in Colombia during 2011 by NAE-Aurora JV:
2 Thermal Coal acquisitions (3 concessions)
1 Coking Coal agreement to mechanise and expand mining operations (Terranova)
1 Coking Coal application

OUR STRATEGY

Exploration and development of our coking and thermal coal projects

Aiming to transform of the coking coal sector by:

Targeting large production from single mechanized mines, coal washing, improving
quality and reliability standards (no multi seam blending)
Producing coal from underground areas not currently mineable with existing
mining methods

Growing the project pipeline through targeted acquisitions and partnership

arrangements

A highly skilled local team supported by international technical consultants when

required

CESAR EXPORT THERMAL COAL PROJECTS

Corporate Activity in the Cesar Basin

Cesar Basin contains multiple economic export quality

seams 2-6m thick with total coal thickness up to 35m

La Miel Project (GJP-151)

- Exploration target of 50-200Mt UG thermal coal
- Seismic interpretation indicates depth to top
coal seams of 400m 800m
- Phase One drilling program (3 holes) currently
underway

Cesar Project (GIK-103 & GHN-121)

- Exploration target of 200-800Mt UG thermal
coal
- Seismic interpretation indicates depth to top
coal seams of 850m 1,200m
- Depth of target within international mechanized
coal mining experience

LA MIEL PHASE 1 DRILLING

Drilling commenced in June 2012

Phase 1 Budget US$1.6M

Phase 1 boreholes:
Borehole

Est. Completion

BH2

End July

BH1

End September

BH5

End November

TERRANOVA COKING COAL PROJECT

Targeting long term production of 0.5Mtpa
commencing in 2014 and mine life >10 years:

Terranova Coking Coal Project

887T Concession
- 3.6Mt JORC Resource
- Positive scoping study completed (Dec 2011)
- Feasibility Study well progressed but on hold until
permitting completed

FL2 -151 Concession

- 10-18Mt hard coking coal exploration target
- Progressing permitting to commence drilling

JBI- 11091 Application

- Currently at concession application stage
- 20-40Mt hard coking coal exploration target

Total JORC Resource of 3.6Mt and Conceptual Exploration Target of 30 58Mt of

Hard Coking Coal

TERRANOVA COKING COAL PROJECT- 887T AGREEMENT

TO MECHANISE AND EXPAND MINING OPERATION
Terranova Stage One Coking Coal Project

Medium Volatile Hard Coking Coal (HCC)

Currently producing 25ktpa Medium Volatile HCC
3.6Mt JORC HCC Resource in M3 seam (1.6m 1.8m thick including 0.2m dirt band)

Additional potential in M2 seam (1.65m including

0.16 dirt band)
Dips <10
Expected quality 6% ash, 0.6% TS, 26% VM,
FSI of 9

Targeting 500ktpa production saleable coal

Mechanized pillar and stall mining
Continuous miners (Joy 14CM15 or similar)
Centrally located wash plant

Total JORC Resource of 3.6Mt and Conceptual

Exploration Target of 30 58Mt of Hard Coking Coal

PLANNED CONTINUOUS MINER OPERATIONS TERRANOVA

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Lochinvar Coking Coal Project, UK

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SEAM CONTOUR AND BOREHOLE LOCATION PLAN

67 Km2 licence over Lochinvar project
granted to NAE in June 2012
Located on Scotland/England border, 21 Km
north of Carlisle
Conceptual Exploration Target of 330 - 410
Mt potential coking and PCI coal
Exploration Target based on 13 boreholes
and 55km of seismic lines
Coal seams expected to start at depths of
100m from surface
Multiple seems including nine foot seam
with average thickness of 2.0m
Dips 5- 10
High volatile, low ash, high CV, high S coking
coal expected from previous drilling results
Excellent infrastructure (3km from rail)
Commencing drilling to define JORC
Resource within 1 year

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FOR FURTHER INFORMATION PLEASE CONTACT:

Aurora Energy SA
Telephone: 57 1 5401700
Email:
contac@aenergy.co.uk
New Age Exploration
Telephone: 61 3 9614 0600
Email:
info@nae.net.au

Image: M3 Hard Coking Coal Seam, Terranova. Seam height approx. 1.6m

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