An exploration licence comprising three separate sub-blocks has been taken up with the primary goal of assessing the potential for additional coal resources to occur in proximity to the Lock coal deposit. During licence Year 1, the licensee sourced historical data and initiated a review programme to identify regions that warrant implementation of field work. The initial data assessment determined that licence sub-block A has low coal potential, whereas sub-blocks B and C warranted further consideration. Consequently it was decided to relinquish all of sub-block A. During the ensuing two licence years, no field work has been conducted. Licensee Energy Exploration Pty Ltd (EEL) is investigating different processes for the following uses for the coals within the greater project area which includes EL 4472:- 1. After mining, conversion of the coal into: (a) oil (b) petrochemicals (c) coal briquettes (d) coal and iron ore mixture pellets; 2. In situ liquefaction/gasification to produce both oil and gas. Potential by-products after treatment using one or more of the above processes may include geopolymers, cement, alumina, electricity and water. Also under investigation is a new process for sequestering carbon dioxide. EEL is using Jurassic and Tertiary coal samples recovered by previous core drilling done within the Lock region to conduct ongoing laboratory tests of what may be possible commercial processing options. In addition, the licence is proposing to soon use, via the services of a private consultant, a newly developed passive geophysical surveying technique of resonant frequency (RF) sounding to conduct trial remote sensing, non-invasive on-ground exploration of the Lock area to locate new coal seams.