Perpetual Resources Limited (PEC) is aiming to develop multiple coal mines throughout Indonesia and to supply from these mines a high-grade thermal coal export product targeted at China and India's growing demand for coal-fired power generation.

The company has entered into an agreement to acquire rights in relation to a coal mining and exploration tenement in West Sumatra, known as the Atoz Project.

Near term plans include implementing an exploration and development program across the Atoz Project, with an initial exploration budget of US$1,525,000 over 2 years.