Australia-listed Exalt Resources Ltd. (ERD:ASX) has secured rights to acquire ownership interest in six Indonesian projects of Singapore-based Odni Holdings Pte. Ltd.

It won't be long before Exalt Resources Ltd., currently conducting the required due-diligence processes, develop various portfolios for assets in the world's biggest coal-producing nation.

On Wednesday, Exalt Resources Ltd., after signing an agreement with Odni Holdings Pte. Ltd., said its business plans in Indonesia include early stage exploration to producing coal assets.

"Exalt Resources Ltd. will also have the rights to acquire two concession areas in East Kalimantan and one in Central Kalimantan. Moreover, Exalt is underway with due diligence on producing assets near one of the world's largest coal mines," the company said in a statement without adding further details.

Exalt Resources Ltd. has six planned projects in Indonesia. The first entails obtaining a 50 per cent stake in 11 concessions in the Pendopo coal area in South Sumatra; the second project, a concession of 4,969 hectares in Antutan, Bulungan, East Kalimantan, through PT Bakti Initi Guna;

Third will be the possession of PT Mitra Maju Bangun Persada's concession of 5,312 hectares in East Kalimantan; fourth project, a concession of PT Karindangan where Exalt Resources Ltd. has already paid an option fee of $25,000;

Fifth is a 4,923-hectare concession area in the Muara Wahau coal field in East Kalimantan; and the last two concessions in Papua.