Background
| December 2005 | Victoria Coal Resources Pty Ltd ('VCR') was incorporated to evaluate the potential of the coal-bed methane resources within EL 4416. |
| December 2005 - January 2006 | VCR signed the Farm-in Agreement with Coal Bed Methane Resources ('CBMR') for the rights to all mineral resources and biogenic natural gas (natural gas in coal seams) within EL 4416. |
| September 2006 | VCR signed a memorandum of understanding with Cougar Energy Limited (ASX: CXY) to investigate opportunities for underground coal gasification within EL 4416. |
| Early 2007 | VCR undertook a preliminary feasibility study of technologies available to upgrade the lignite within EL 4416 to higher energy density fuels. |
| May 2007 | Ignite Energy designed its continuous-flow pilot scale (Catalytic Hydrothermal Reactor) coal conversion technology. |
| June 2007 | Ignite Energy Pty Ltd was officially formed and registered to commercialize the 'Cat-HTR Process'. |
| August 2007 | CBMR commenced the Burong Pilot Production and Drilling Program to explore for biogenic natural gas within EL 4416. |
| October 2007 | Ignite Energy appointed BEST Engineering to build a Cat-HTR Process Pilot Plant. |
| January 2008 | IER's Pilot Plant was commissioned at Somersby, New South Wales. |
| June 2008 | Lignite from the Hazelwood mine, located in the Latrobe Valley, Victoria, was successfully processed at Ignite Energy’s Pilot Plant. |
| August 2008 - September 2008 | Ignite Energy Pty Ltd merged with Victoria Coal Resources Pty Ltd to create Ignite Energy Resources Pty Ltd ('IER'). |
| September 2008 | CBMR completed the Burong Pilot Production and Drilling Program, demonstrating the presence of permeable, gas-bearing coal seams within EL 4416. |
| September 2008 | IER acquired the engineering assets of BEST Engineering. |
| December 2008 | German (high sulphur) lignite was successfully processed at IER's Pilot Plant. |
| July 2009 | IER signed a memorandum of understanding with TRUenergy, to host a Commercial Demonstration Plant (Cat-HTR Process) at Yallourn, in Victoria's Latrobe Valley. Click here to read the government press release |
| August 2009 | IER acquired Licella Pty Ltd, the company that has developed a modified Cat-HTR Process to convert biomass into biofuels. |
| September 2009 | Licella Pty Ltd successfully bid for $2.3 million in matching funds from the Australian Government's A$15 million Second Generation (Gen II) Biofuel Research and Development Program. |
| January 2010 | IER and Coal Bed Methane Resources signed the CBMR Agreement in order to complete IER’s acquisition of EL 4416 and the equitable rights to ELA 4968. |