This report documents the exploration work carried out by Solid Energy over the EP 40720 up until November 2010. Work completed includes geophysical logging of 24 drill holes and the coal quality analysis of cored coal seams. In addition, a conceptual mine feasibility and resource estimation studies have been undertaken. These studies identified the Wellington Block as a hard coking coal resource that has significant value in an international coke blend, and considerable value as a Romax Trimmer with potential to upgrade value across SENZ's product range.