Carbon Energy Limited, formerly Metex Resources Limited, is an Australia-based mineral resource exploration company. The Company is engaged in the construction and commission of its underground coal gasification (UCG) project in Queensland. The Company is undertaking uranium exploration in Western Australia, South Australia, Queensland and the Northern Territory. The Company operates within 18 granted tenements that have a total area of 5,555 square kilometers. The exploration has been focused on resource delineation within the prospective Carnarvon basin in Western Australia. In Western Australia, the Company has a total area of 379 square kilometers covered by four exploration licences, including three granted exploration licences within the Nyang Project along the eastern margins of the Carnarvon Basin. In South Australia, it has eight exploration licences. On August 4 2009, the Company has sold its gold interests in the Laverton area of Western Australia to Crescent Gold Limited.