Riversdale’s coal resources in Mozambique increase 90% to 4.0 billion tonnes April 23, 2009

Riversdale Mining Limited (ASX: RIV) has today announced an updated Resource and Reserve statement for the Benga Coal Project (EL 881L) in the District of Moatize, Province of Tete, Mozambique. The Benga Project is held in a joint venture between Riversdale Mining Limited (65%) and Tata Steel Limited (35%). Based on the data collected from recent drilling activities, a Coal Resource of 4.0 billion tonnes has been estimated.

Of this amount, 1,033.9 million tonnes (Mt) is the combined total for Measured and Indicated Resources and 893.4 Mt of these are at a depth of less than 500m. This Coal Resource represents an increase of 90% over the previous Resource announced in September 2008.

The Company also announced that an initial Coal Reserve of 273.3 million tonnes has been estimated. Of this, 181.3 Mt are Proved Coal Reserves and 92.0 Mt are Probable Coal Reserves. These Reserves have been estimated in accordance with a review that anticipates an initial Run of Mine (ROM) development of 5.3 Mtpa, increasing subsequently to 10 Mtpa and ultimately 20 Mtpa as transport infrastructure becomes available.

The increased Resource and initial Reserve estimates represent a material development for the project and will impact positively on the overall scope of the mine and its potential to develop into a project of global significance.

Click here to view the full announcement.

For further information, please contact:

Michael O’Keeffe
Executive Chairman
Ph: +612 8299 7900

Steve Mallyon
Managing Director
Ph: +612 8299 7900

Niall Lenahan
Finance Director
Ph: +612 8299 7900

or

Media: Fortbridge
Bill Kemmery
Ph: +612 9331 0655
Mob: +61 400 122 449
Email: bill.kemmery@fortbridge.com