NuCoal Resources Ltd. announced that further to the announcement of 28 October 2022 regarding the renewal of Exploration Licence 6812 (EL 6812), the Company informed shareholders of details of the planned exploration program intended for EL 6812. In summary, this consists of: Year 1 (2023) Apply for all required approvals for phase 3 drilling, and conduct a complete third party review of all previous exploration activities and studies. Year 2 (2024) Commence phase 3 drilling of 3 holes including coal quality testing.

Year 3 (2025) Complete phase 3 drilling of another 4 holes (7 in total) including 4 groundwater monitoring holes. Year 4 (2026) Complete remaining 4 groundwater monitoring holes (8 in total). Year 5 (2027) Commence Environmental Impact Statement (EIS) and Pre-Feasibility Studies.

Year 6 (2028) Continue EIS and prepare Feasibility documentation including Renewal Application for EL 6812. The timings in this program allow for the negotiation of approvals with relevant stakeholders required for the exploration drilling, including approvals from both AGL and the NSW Government. The company have commenced the process of contacting appropriate personnel at each of these organizations to obtain the necessary approvals.

The company have allowed for a period of 12 months to obtain the approvals at this point. If the company can achieve a shorter period, then it will advise shareholders accordingly.