Queensland Minerals

A Summary of Major Mineral Resources, Mines and Projects, 2nd Edition

BLOCK CREEK

501462

25 KM NE OF MARLBOROUGH, 160KM NW OF GLADSTONE.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -22.7000 Longitude 150.1108

MINERAL OCCURRENCE, ACTIVE PROSPECT

AMG Zone 56 203174 mE 7486791 mN

1:100 000 sheet Number and Name: 8952 PRINCHESTER

30/November/2005

Other Names for Deposit / Mine

Herbert Creek

Herbert Creek Oil Shale

Commodities

Size

Size Definition

OIL SHALE

MEDIUM

10 000 000 - 1 billion barrels OSH

Production Details

Published Reserves/Resources

INDICATED MINERAL RESOURCE

500000000 tonnes Ore @

BR 7037 Published in 2002

FOR

200000000 Barrels Of Oil OIL

99.00 l/t OIL

Comments/Cut Off Factor:

50L/t at zero % moisture.

INFERRED MINERAL RESOURCE

700000000 tonnes Ore @

BR 7037 Published in 2002

FOR

300000000 Barrels Of Oil OIL

97.00 l/t OIL

Comments/Cut Off Factor:

50L/t at zero % moisture.

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2002

SOUTHERN PACIFIC PETROLEUM NL

BR 7037

SOUTHERN PACIFIC PETROLEUM NL ANNUAL REPORT 2002

SOUTHERN PACIFIC PETROLEUM NL

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Tenure Type/Number

Company Name/Surname

SHARE

MDL

197

BELOBA PTY LIMITED

10.00%

MDL

197

QUEENSLAND ENERGY RESOURCES LIMITED

90.00%

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

HERBERT CREEK BASIN

Deposit Model

GENERAL ORE BODY MODEL

SEDIMENT-HOSTED DEPOSIT

DETAILED ORE BODY MODEL

OIL SHALE

Mineralisation Age

OIL SHALE

TERTIARY

Comments

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