Excerpt from Presentation Just like to talk quickly about Realm and our initial investment and Project in Central Kalimantan which is the Katingan Ria Project. Standard disclaimer and competent person’s statement, I read that some time ago..
In terms of the Project basically as a highlight production is forecast commence this year. Limited production really we want to take advantage of the forthcoming Wet season and that’s really subject to the completion to the initial stage of permitting.
Sub-bituminus, mid rank, or low rank depending on what you want to call it. But definitely low sulphur thermal coal project. We hold 51% of the Project directly with an option to move that to 75% at this stage, with minority shareholders who are very well established Indonesian business people. As I mentioned the Project is located in Central Kalimantan, its 100kms NW of Kasongan and it’s based on Katingan River. Now there is no coal going down the Katingan River at this stage so there is a substantial opportunity for the business in moving into this area. One other point worth noticing, while we are in area where there isn’t a lot of mining activity it’s a 20 minute flight north of Palangkaraya which in an hour’s flight from Jakarta so it’s probably one of the quickest places to get to in terms of an isolated site. From the geological point of view we understand fairly well the Project at this stage certainly on a local basis. And from the permitting point of view also we are very advanced on our current permitting status. And I will go each of these points in a little more detail from here.
