Company Overview

Australian Pacific Coal Limited is an Australian public company with approximately 1,500 shareholders. AQC listed on the Australian Stock Exchange in 1999. During the past year the Company has emerged as a strong participant in the junior mining and exploration sector.

AQC has a strategic holding of coal exploration tenements located in Queensland's lucrative Bowen, Galilee, Surat and Clarence- Moreton basins. The philosophy of AQC's management has been to secure strategic tenure by identifying available tenements close to operating mines or in areas with proven or potential in-ground resources in regions suitable for short term development.

Having identified prospective areas for further exploration the company is now focused on exploiting the commercial value of the coal projects. Exploitation opportunities include farm-in, joint venture exploration and joint venture development.

AQC owns two substantial industrial minerals projects in central western Queensland. The projects form part of AQC's former industrial minerals business and are no longer part of the company's core business. Options are currently being assessed to divest these assets.