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Additional Information

Market:	ASX / AIM
Sector:	Coal
EPIC:	CCD

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Caledon Resources

Caledon Resources (ASX: CCD, LON: CDN) is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology.

The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.

Caledon Resources in takeover discussions

Tuesday, January 20, 2009 by Proactive Investors

Caledon Resources plc (ASX:CCD), the AIM and ASX listed Australian coking coal producer, is currently in discussions with a number of parties about a variety of potential transactions, some of which may or may not lead to an offer for Caledon’s entire issued and to be issued share capital.

The discussions are at a very early stage and, consequently, there is no certainty as to the terms and structure of any such transaction nor that an agreement will be reached between Company and any of the parties. Shareholders are advised to take no action at this time. Any further announcement will be made as appropriate.

Analysts indicated that Caledon's major shareholder, Polo Resources which owns 26.3% of Caledon would have a signifant "say in any takeover, and the future of Caledon". Whether Polo Resources was one of the parties involved in the discussions was not clear. However, Caledon's coking coal assets may be of interest to a number of parties at current prices.

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