Вы находитесь на странице: 1из 2

For personal use only

27 March 2014

Coal production update


The Board of Killara advises that production, which
ASX Code: KRA commenced in February 2014, has resulted in the extraction of
4,500 tons of coal which has been stockpiled near Killaras
Issued Capital: jetty/loading facility. The total tonnage produced is lower
124.98M Fully Paid Shares than anticipated due to factors outside the control of Killara.
23.5M Options Management have been working with contractors PT Berkah
(Unlisted)
Ciwi Lestari Kaltim to overcome production delays and bring
31.5M Deferred
Consideration coal production back in line with forecasts.
Shares (Unlisted)
12.0M Performance The lower coal production also means that sales which were
Share Rights expected to occur in the March quarter are now expected in
(Unlisted) the following quarter.

Matthew Driscoll
Chairman

Robert Kipp
Managing Director

Wim Zulkarnaen
Executive Director

Reza Zulkarnaen
Executive Director

Leah Watson
Company Secretary

Level 3 North building


333 Collins Street
Melbourne, VIC 3000

T: +61 3 9629 3898


F: +61 3 9629 4898

www.killararesources.com

Minerals exploration in Picture of coal extraction at open pit, P.T. Borneo Emas Hitam concession.
Indonesia and Australia

Killara Resources Limited


ABN 68 132 204 561
The board and management remain optimistic that the production of coal will resume at
acceptable levels in the June 2014 quarter.
For personal use only

On behalf of the Board of directors

Leah Watson

Company Secretary

For Investor Information, please contact:

Matthew Driscoll
Chairman

Melbourne Head Office Phone: +61 3 9629 3898

Mobile: Australian Callers 0417 041 725


Mobile: International Callers +61 417 041 725

Web: www.killararesources.com

About Killara Resources Limited


Killara is an ASX listed exploration company transitioning to become a coal producer from
its PT Borneo Emas Hitam project in East Kalimantan.
Killara also has a wide network of contacts and is presently reviewing a number of
additional mining projects to add to its existing projects.
Killaras objective over the next five years is to build a portfolio of mining assets that
comprise of Greenfield, Nearing Production and Cash Flow generators. The acquisition of
PT Borneo Emas Hitam moves Killara forward in reaching that objective.

Page 2 of 2

Вам также может понравиться