A
S X
R e l e a s e
15 August, 2012
ASX Code : AHQ ACN 149 490 535
Level 13
49-51 York Street
Sydney NSW 2000
Australia
Tele : +61 2 9299 5007
Fax : +61 2 9299 5006
www.allegiancecoal.com info@allegiancecoal.com
Recommencement of Drilling at Back CreekAllegiance Coal Limited is pleased to advise that drilling has recommenced at its Back Creek Project at Drill Hole Site BC034 - see attached map.
The protracted wet weather during winter and slow drying conditions had delayed the restarting of drilling operations.
The program is designed to enable a JORC Inferred Resource to be reported in Quarter 4, 2012.
The Back Creek Project has a target tonnage of 60 to 80 million tonnes(1).
Contacts :For further information please contact :
Mr Colin Randall Mr Mendel DeitzManaging Director Tenement and Corporate Relations Manager
0408 969 424 02 9299 5007
(1) Exploration Target ClarificationAll statements pertaining to the Company's exploration target and statements as to the potential quantity and grade made in this Statement are conceptual in nature. There has been insufficient exploration undertaken to date to define a coal resource in accordance with the JORC Code, and it is uncertain if further exploration will result in the definition of a coal resource in accordance with the JORC Code.
Competent Person Statement
Mr Colin Randall is the Managing Director of Allegiance Coal
Limited and is a Fellow of the
Australasian Institute of Mining and Metallurgy. He has a
minimum of 15 years experience in
the field of activity being reported on and is a Competent
Person as defined in the JORC Code.
This announcement accurately summarises and fairly reports
his assessment and where
required, has consented to the report in the form and context
in which it appears.
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