Guildford Coal Limited is a coal exploration company. The Company has a portfolio of coal exploration tenement areas in Queensland, Australia, which cover over 21,000 square kilometers. During the fiscal year ended June 30, 2011 (fiscal 2011), the Company's activities were principally the acquisition of a coal exploration portfolio. Initial acquisitions were in Queensland, Australia in the Galilee, Maryborough and Bowen Basins. During fiscal 2011, acquisition activity extended to Mongolia. The Company also developed a geological model for the Hughenden project and performed drilling activities on the Hughenden, Kolan (formerly Maryborough) and Mongolian projects. As of June 30, 2011, the Company had seven subsidiaries. In April 2012, Humanis Group Limited sold its 50.52% interest in Springsure Mining Pty Ltd (Springsure) to the Company. Effective February, 2013, The Chairmen 1 Pty Ltd acquired a 14.202% stake in Guildford Coal Ltd.