International Coal Conference Presentationby

Mr Bradley GreenManaging Director

Australasian Continental Energy

October 2011version 1.0

AACE Board and Advisors

Australasian Continental Energy Board MembersDomenic Martino ChairmanBradley Green Managing DirectorShane Doherty DirectorLuke Martino DirectorDr Martin Chapman Director

Harry Spindler Company Secretary

Advisors to the BoardColin Roberts AdvisorAhmad Sohail Pakistan Representative / Advisor

Domenic Martino

Chairman Resourcehouse LimitedChina First Coal ProjectPartners in this project Metallurgical Corporation of China Limited China Power International Holding Sino-coal International

Cokal LimitedPan Asia Corporation LimitedBlue Energy LimitedSydney Gas Limited

Bradley Green

Managing Director of Australasian Continental Energy

Mining Economist

20 years experience in the mining industry

Advisor to several large international mining companies

Advisors

Professor Colin Roberts Chartered Mining Engineer Resource Law & Policy Foreign Investment Consul for Australia

Ahmad Sohail Chemical Engineer Multi discipline experience AACE’s representative in Pakistan

Why the Thar Coalfields

Largest untapped energy resource in the Asian regionThe value of the Thar coal reserves is estimated to be equivalent to the oil reserves of both Saudi Arabia and Iran and could generate 100,000 MW of power for 300 years.

Export of coal based fuels potentialCoal seam gasCoal to oil

Substantial feasibility and pre development work already undertaken

Power requirements for Pakistan Investment incentives Low sovereign and security risk Technology transfer

AACE’s project

Coal Mining on Block IVHas a measured and indicated reserve of 2.4 billion tonnes.Area covered 82.5km2

Initial production rate 6 million tonnes per annum increasing to 18 mtpa in 15 years

Power Station1,100 MW increasing to 3,000 MW in 15 years

Estimated total project cost $US 3 billion

AACE’s project

6 million tonne per annum coal mining operation

AACE’s project

1,100 MW Power Station

Mining equipment

Main mining equipment Bucket wheel excavators. 3 BWE’s are required for the removal of overburden and 1

for the mining operation. Total capital cost of the mining operation - $US1 billion est.

Power generating equipment

Main power generating equipment Steam turbines, configuration 3 x 370MW or 2 x 650MW Boilers Water towers Total capital cost for the power station - $US 2 billion est.

Project Timeframe