Carabella Resources Ltd

Coal Exploration company that has over 3000 sq kms in 6 separate tenements in Qld. These tenements cover coking and thermal coal types. The company is engaged in developing these into operating JV operating open cut and underground operations within the next decade. Over 92 mt of coking coal has been proven to JORC Indicated status at this stage near Moranbah. An aggressive exploration process is beig undertaken during 2011with 3 drill rigs phased in during the year. The company is also setting up its corporate offices at Newstead to be opened in March 2011. Recruitment of key personnel is currently underway to form a highly professonal team with Mitch Jakeman.