JORC

BISM had drilled 82 holes in 2281 ha area under the supervision of SRK Consulting.

Joint Ore Reserves Committee (JORC)

The company has engaged the services of SRK Consulting for JORC resource statement. After comprehensive research, SRK Consulting has prepared a detailed report for the BISM Coal Resources in east Kalimantan in accordance with The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The "JORC Code"- 2004).

BISM had drilled 82 holes in 2281 ha area under the supervision of SRK Consulting. All holes were geo-physically logged. SRK has identified five coal seams in the BISM concession area; only two of these have been included in the JORC Resource calculation. The total JORC Resource estimated is 165 million Tonnes.

The estimation of the JORC Resources was based on geological model built using Minescape software. The JORC resource represents the in-situ coal tonnage and grade limited by topography as the top surface, and concession boundary and forest concession as outer boundaries