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Ignite Energy Resources Limited

Ignite Energy Resources Limited. Discussion with VPELA April 16, 2013. 1. World Scale Energy Resource - Victoria’s Energy Secret. Victoria: The world’s largest & cleanest lignite resource – 430 billion tonnes in place

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Ignite Energy Resources Limited

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  1. Ignite Energy Resources Limited Discussion with VPELA April 16, 2013 1

  2. World Scale Energy Resource - Victoria’s Energy Secret • Victoria: The world’s largest & cleanest lignite resource • – 430 billion tonnes in place • – Around 40 billion tonnes mineable at $5 - $10 per tonne – Energy content bigger than North West Shelf • Percentage of world’s lignite: • Victoria 25% USA 20% China 12% Serbia 9% Germany 4% Clean Energy Security Beyond Peak Oil Victoria’s Competitive Advantage - 2

  3. EL 4416 3

  4. Exploration Licence 4416Onshore Natural Gas (CSG) • EL 4416 is a very large tenement, 3,600 km2, occupies the bulk of the onshore Gippsland basin • There is a well documented large lignite resource in EL 4416 • Has significant quantities, 16 billion tonnes on mineable lignite • Has some 200 billion tonnes of deeper lignite seams. There is good evidence to suggest that this deeper lignite has the potential to contain a significant resource of onshore natural gas • Current activities relate to the assessment of the potential to produce onshore natural gas from these lignite seams • We are in the exploration phase, not the production phase 4

  5. Victorian Onshore Natural Gas is Different • Methane gas is found in most coals worldwide and has been known as a hazard in underground mining since mining began • Methane is generated in coal by both biogenic and thermogenicprocesses • Gas in low grade coals is primarily classified as biogenic • Methane derived from Victorian lignites is different to that derived from CSG operations in QLD and NSW • IER’s pilot site at Burong (Seaspray) produced agricultural quality water in contrast to the high salt content water in QLD and NSW • Important to recognise that this is a new source of water – it is derived from the lignite seams not from the acquifers 5

  6. Regulatory Issues • In contrast to all other States, operations in Victoria are regulated under the MRSDA, not the Petroleum Act • Planning, environmental and associated regulation in Victoria are robust and will protect landowner and community interests • Approved Work Programme • Environment Management System • Occupational Health & Safety Management Plan • Emergency Response Management Plan • Cultural Heritage Management Plan • IER welcomes this level of regulation and has no difficulty in working within the MRSDA and associated regulations • Onshore Natural Gas projects present different challenges to normal minerals development projects because of the extensive nature of these operations 6

  7. Landowners & Access • There is a major community misunderstanding regarding the rights of access to properties for minerals exploration and development • Landowner access must be based on: • Fair compensation • Open and transparent communication • Respect for Landowner’s property • Minimising disruption • Rehabilitation of Landowner’s property The big issue is “social licence to operate” – CSG development has become politicised 7

  8. The agricultural sector, water use and energy development can coexist 8

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