^{Source: baabar.mn  Date: 10 March, 2010}

Australian Hunnu Coal has been granted an option to acquire an 80% interest in the Erdenes Thermal Coal Project in Dornogobi province of south eastern Mongolia, 380 km from Ulaanbaatar and 56 km from a bulk commodity loading rail facility at Bor Undur, which is connected to the Mongolian railway grid.

Exploration work carried out in 1978 discovered coal bearing Lower Cretaceous Khukhteeg Formation distributed throughout the property.  Mr. George Tumor, Managing Director, said, “The Erdenes Coal Project is strategically located in a high quality thermal coal basin, where mines can be quickly brought into production to deliver thermal coal to both domestic and Chinese export markets.” The company has an exploration target of 40Mt to 60Mt based on existing exploration work.