Cash Minerals expands Yukon exploration

Washington (Platts)--9Dec2005

Cash Minerals Ltd. said Wednesday it will explore Canada's southwest Yukon
territory in a move to expand its coal resources.

Cash said it has budgeted $635,500 (CAN $736,000) for exploration of the
Braeburn and Carmacks areas. Until now, the company's coal exploration has
been focused primarily on the Division Mountain deposit in the Braeburn area.

"Cash Minerals' Division Mountain coal resource currently occupies only 5% of
our coal properties in the area," said President and CEO Basil Botha. "Massive
exploration and expansion potential exists on our property covering
approximately 4,000 square kilometers and the 2006 drill program will make
significant progress to enhance our data position here."

The 2006 exploration program includes drilling in eight target zones in the
Whitehorse Trough and includes 23 drill holes about 200 meters deep. The four
target zones in the Braeburn area are the Nordenskiold River, Klusha Valley,
Corduroy Mountain and Hull Mountain areas, the company said. Initial
geological mapping and previous drilling and trenching indicate that coal of
similar or better quality to Division Mountain may be present.

Cash said the four target zones in the Carmacks area are the Tantalus Butte
Mine, Five Finger Mountain, Horsefall Hills and Lone Pine Mountain areas.
Information from previous mining and exploration activities indicates that
metallurgical and pulverized coal injection material may be present.

Cash also is evaluating coal-liquefaction projects. One would produce
clean-burning liquid transportation fuels using Fischer-Tropsch technology and
the second would study a potential coal to methanol project in Inner Mongolia
in which the company could become a partner.

To support the evaluations, Cash has commissioned a conceptual study to
develop information on the viability of the coal to Fischer-Tropsch liquids at
plant capacities of approximately 12,000 and 50,000 barrels/day. 

"With the projected world-wide increase in energy demand, it is anticipated
that alternative fuels such as clean-burning Fischer-Tropsch liquids will
continue to gain strategic importance, which is why Cash Minerals is studying
these opportunities," Botha said." In particular, the project in Inner
Mongolia may have the potential to be an important future source for
alternative fuels and is one of more than six projects that are currently
under evaluation in China."

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