Canning Basin Coal

TPL Corporation has submitted licence applications in the Canning Basin area of Western Australia that target the coal prospective Lightjack Formation.

Lightjack hosts the 511 million tonne Duchess-Paradise thermal coal resource that has recently been the subject of a prefeasibility study by Rey Resources.

The applications made by TPL cover over 1,000km of strike length of the Lightjack Formation, comprising 61 tenements targeting 209 outcrops - which will give Canning Basin Coal the largest footprint in this region.

Project Updates

TPL Corporation Ltd (TPL) is pleased to announce the grant of three contiguous, coal prospective Exploration Licences (EL04/1975, 1986 & 1988) covering 724square km within the Northwest portion of the Canning Basin. The grant of these three exploration licences represents TPL's first granted coal tenure in its 100% owned Lightjack Hill Coal Project within the Canning Basin, Western Australia.

For more information, see First Tenements Granted - ASX Release

Aims

Our aim is to utilise TPL's "first mover" advantage in East Canning basin:

• First mover advantage brings low cost entry into a huge land position in a basin that has demonstrated potential to host economic coal deposits
• Underground Coal Gasification potential
• Company is targeting the markets of the great emerging economies of China and India
• Dominant participant in Canning and East Canning Basin

Canning Basin Coal is a subsidiary of TPL Corporation.

The full Canning Basin Coal website is currently in development. Once launched, more information regarding the project will be made available from the site.