MARCH 2017 QUARTERLY PRESENTATION April 2017
IMPORTANT INFORMATION This document has been prepared by Stanmore Coal seek appropriate advice, including financial, legal and earnings and estimates are provided as a general guide Limited (“Stanmore Coal”) for the purpose of providing a taxation advice appropriate to their jurisdiction. Except only and should not be relied upon as an indication or company and technical overview to interested to the extent prohibited by law, the Relevant Parties guarantee of future performance. analysts/investors. None of Stanmore Coal, nor any of disclaim all liability that may otherwise arise due to any Recipients of the document must make their own its related bodies corporate, their respective directors, of this information being inaccurate or incomplete. By partners, employees or advisers or any other person obtaining this document, the Recipient releases the independent investigations, consideration and evaluation. By accepting this document, the Recipient (“Relevant Parties”) makes any representations or Relevant Parties from liability to the Recipient for any agrees that if it proceeds further with its investigations, warranty to, or takes responsibility for, the accuracy, loss or damage that it may suffer or incur arising directly consideration or evaluation of investing in the company reliability or completeness of the information contained or indirectly out of or in connection with any use of or it will make and rely solely upon its own investigations in this document, to the recipient of this document reliance on any of this information, whether such liability (“Recipient”), and nothing contained in it is, or may be arises in contract, tort (including negligence) or and inquiries and will not in any way rely upon this document. relied upon as, a promise or representation, whether as otherwise. to the past or future. This document is not and should not be considered to This document contains certain “forward-looking form any offer or an invitation to acquire Stanmore Coal The information in this document does not purport to be statements”. The words “forecast”, “estimate”, “like”, shares or any other financial products, and neither this complete nor does it contain all the information that “anticipate”, “project”, “opinion”, “should”, “could”, “may”, would be required in a disclosure statement or “target” and other similar expressions are intended to document nor any of its contents will form the basis of any contract or commitment. In particular, this prospectus prepared in accordance with the identify forward looking statements. Indications of, and document does not constitute any part of any offer to Corporations Act 2001 (Commonwealth). It should be guidance on, future earnings and financial position and sell, or the solicitation of an offer to buy, any securities read in conjunction with Stanmore’s other periodic and performance are also forward-looking statements. You in the United States or to, or for the account or benefit continuous disclosure announcements lodged with the are cautioned not to place undue reliance on forward Australian Securities Exchange, which are available at looking statements. of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“Securities Act”). Stanmore www.asx.com.au. Although due care and attention has been used in the Coal shares have not been, and will not be, registered This document is not a recommendation to acquire preparation of forward looking statements, such under the Securities Act or the securities laws of any Stanmore Coal shares and has been prepared without statements, opinions and estimates are based on state or other jurisdiction of the United States, and may taking into account the objectives, financial situation or assumptions and contingencies that are subject to not be offered or sold in the United States or to any US needs of individuals. Before making an investment change without notice, as are statements about market person without being so registered or pursuant to an decision prospective investors should consider the and industry trends, which are based on interpretations exemption from registration. appropriateness of the information having regard to of current market conditions. Forward looking their own objectives, financial situation and needs and statements including projections, guidance on future Stanmore Coal March 2017 Quarterly Presentation 2
OVERVIEW OF STANMORE COAL Queensland based coal development company, operations ASX code Share price Shares Market cap at Isaac Plains Coking Coal Mine A$0.39 1 $97.9m 1 SMR 251,107,978 Strong shareholder base SHARE OWNERSHIP Advanced metallurgical and thermal coal development projects in the Bowen and Surat Basin 22% 37% Highly experienced Board and 3% management team with proven track record of developing and operating mines Sprint Capital HK (Greatgroup) Board and Management Actively pursuing further 38% opportunities in the current Corporates market downturn conditions Other Private Stanmore Coal 1. As at 18-Apr-17 March 2017 Quarterly Presentation 3
THE BUSINESS AT A GLANCE INDEPENDENT ISAAC PLAINS ISAAC PLAINS MULTIPLE ACQUISITION COAL COMPANY OPERATIONAL REPRESENTS TARGETS AND WITH FOCUS ON WITH RAMP-UP THE COMPANY’S INTERNAL PROJECTS COKING COAL ACHIEVED PLATFORM ASSET ON WHICH STANMORE CAN CAPITALISE 1–2Mtpa sales opportunity Considered as a regional hub (FY17 1.15Mt) Grow internal production and Dragline, CHPP, conveyors, operational capability June 2017 quarter SSCC train load out and other negotiations continued. Recent infrastructure 100% owned Focus on coal quality, reliability spot price increase is and creating value where others Approvals in place for up to encouraging can’t or won’t 4.0Mtpa ROM Mining, port and rail contracts Primarily coking coal with in place secondary thermal coal for Mid-range of international coking export coal cost curve Stanmore Coal March 2017 Quarterly Presentation 4
OVERVIEW – STANMORE PORTFOLIO BOWEN BASIN – SURAT BASIN – COKING COAL THERMAL COAL ISAAC PLAINS – 100% THE RANGE – 100% Operations Development (pending infrastructure) ISAAC PLAINS EAST – 100% CLIFFORD – 60% Development Exploration & studies BELVIEW – 100% Exploration LILYVALE – 85% Exploration MACKENZIE – 95% Exploration Stanmore Coal March 2017 Quarterly Presentation 5
STRATEGIC OBJECTIVES FY17 AND FORWARD Time horizon Internal External Short • Establish reliability and repeatability • Assess potential assets in proximity to IP Complex of production from Isaac Plains In place • Drive for value from complex via cost per tonne Medium • Develop Isaac Plains East and complete • Pursuing realistically attainable assets assessment of Isaac Plains Underground with premium coal quality Under • Rationalise our portfolio based on highest way value to shareholders Long • Development of portfolio assets • Assessment of product mix strategy Stanmore Coal March 2017 Quarterly Presentation 6
EXPERIENCED LEADERSHIP TEAM • More than 20 years’ experience in the coal mining industry DAN CLIFFORD • Has worked in Australia, South Africa and New Zealand MANAGING DIRECTOR • Substantial open cut and underground coal mining experience • Previously roles were with Solid Energy, Glenmore, Anglo Coal and BHP Billiton. • Almost 30 years’ experience in financial and commercial roles in the resources industry in Australia and the IAN POOLE United States CHIEF FINANCIAL OFFICER • Previously CFO of ASX-listed minerals processing and infrastructure company, Sedgman Limited • Formally with Rio Tinto Coal Australia Pty Ltd and Pasminco Resources. • More than 30 years’ experience in the coal sector in New South Wales and Queensland. BERNIE O’NEILL • Previously General Manager of Newlands/Collinsville Coal for Glencore Coal Australia, responsible for open- cut and underground operations across the Newlands and Collinsville complex in the northern Bowen Basin. GENERAL MANAGER OPERATIONS • As Group Manager, Business Development for Glencore Coal Australia Mr O’Neill was responsibility for feasibility studies and financial evaluation of new projects and brownfield expansions. • More than 10 years’ experience in the resource and financial service sectors. ANDREW ROACH • Responsible for the development of the Company’s existing asset portfolio and identification of acquisition targets. His objectives include prioritising and rationalising the Company’s portfolio of development GROUP MANAGER DEVELOPMENT opportunities, and pursuing value accretive acquisitions. • Previously CFO of Stanmore Coal Stanmore Coal March 2017 Quarterly Presentation 7
ISAAC PLAINS UPDATE ISAAC PLAINS UPDATE
SAFETY NO INJURIES (TRI) STANMORE COAL SAFETY STATISTICS DURING QUARTER PAST 12 MONTHS TO DATE During the March quarter, there were no injuries (TRI) at the Isaac Plains Mining Complex, with no other injuries recorded 45,000 20 across other projects and tenements 18 The Total Reportable Injury Frequency 40,000 Rate (TRIFR) at quarter end is 11.14 16 per million hours. 35,000 14 30,000 Recordable injuries 12 25,000 10 20,000 8 15,000 6 10,000 4 5,000 2 - - Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Hours worked Total Recordable Injuries (RHS) TRIFR Stanmore Coal M arch 2017 Quarterly Presentation 9
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