Due to the relatively long and stable history of coal mining activity in the Ulan area, extensive exploration has occurred over a period of some 56 years. Initial investigations were carried out by the New South Wales Mines Department in 1950, and later by the Joint Coal Board (JCB) in 1977. In the late 1970’s the Energy Recycling Corporation (ERC) conducted a regional drilling program, which included a number of exploration holes in the project area.

In the early part of 1980 and again in the late 1980’s, Ulan Coal Mines Pty Limited investigated the northern part of the project area. This work was part of a proposed expansion to the Ulan Colliery. During the period 1999 to 2003, the Department of Mineral Resources drilled a number of open and cored drill holes in the southern and central part of the project area. Following completion of this program, the Department of Mineral Resources invited expressions of interest for exploration and development of the Moolarben resource. After evaluation of submissions, MCM was awarded the area, which was granted as EL6288 in August 2004.

During the period November 2004 to September 2006 MCP has investigated the project area, drilling approximately 125 cored and open holes. This work has delineated open cut and underground coal resources known as Stages 1 and 2 of the Moolarben Coal Project.

EL 7073 and EL 7074 have been subsequently granted to Moolarben Coal Mines Pty Limited.