IBP KP

Key Facts
Status: Exploration
Type of Work: Surface
Location: East Kalimantan, Indonesia
                 130 km NW of Samarinda

Commodities: Coal
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Latest Information
December 3, 2009
Kalimantan Gold Corporation announced that the company reached an agreement to sell the IBP coal concession located in Indonesia.
March 26, 2009
Completed a 4600m drilling on the PT Indobara Pratama ("IBP") coal project. Kalimantan’s 58 hole drilling program covered over 4,610 meters and identified two seams, one of between 1 to 6 meters and the other between 8 to 13 meters in thickness. The flat lying to shallow dipping nature of the seams results in a low overburden ratio of around 2:1 (2 meters of overburden per 1 meter of coal). Summary assay (average) : Weight (kg) : 3.26 Kg Total Moisture (%) : 37.69 % Inherent Moisture (%) : 20.82 % Ash Content (%) : 4.43 % Volatile Matter (%) : 40.46 % Fixed Carbon (%) : 34.26 % Sulfur (%) : 0.16 % Gross Caloric Value (cal/g) (adb) : 4915 Caloric Value (cal/g) (db) : 6213 Caloric Value (cal/g) (daf) : 6577 Caloric Value (cal/g) (ar) : 3815 Hardgrove Index : 39 - 53 Relative Density : 1.35 Note: Due to the porous nature of IBP coal, 1 day air drying tests of samples showed that the total moisture (ar) content can be reduced from 40-45% to between 20-35%.

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