RESOURCE INDUSTRY NETWORK PRESENTATION 2 AUGUST 2019 1 - PowerPoint PPT Presentation

RESOURCE INDUSTRY NETWORK PRESENTATION 2 AUGUST 2019 1

Important information This document has been prepared by Stanmore and needs and seek appropriate advice, earnings and estimates are provided as a Coal Limited (“Stanmore Coal”) for the purpose including financial, legal and taxation advice general guide only and should not be relied upon of providing a company and technical overview appropriate to their jurisdiction. Except to the as an indication or guarantee of future to interested analysts/investors. None of extent prohibited by law, the Relevant Parties performance. Stanmore Coal, nor any of its related bodies disclaim all liability that may otherwise arise due Recipients of the document must make their own corporate, their respective directors, partners, to any of this information being inaccurate or independent investigations, consideration and employees or advisers or any other person incomplete. By obtaining this document, the evaluation. By accepting this document, the (“Relevant Parties”) makes any representations Recipient releases the Relevant Parties from Recipient agrees that if it proceeds further with or warranty to, or takes responsibility for, the liability to the Recipient for any loss or damage its investigations, consideration or evaluation of accuracy, reliability or completeness of the that it may suffer or incur arising directly or investing in the company it will make and rely information contained in this document, to the indirectly out of or in connection with any use of solely upon its own investigations and inquiries recipient of this document (“Recipient”), and or reliance on any of this information, whether and will not in any way rely upon this document. nothing contained in it is, or may be relied upon such liability arises in contract, tort (including This document is not and should not be as, a promise or representation, whether as to negligence) or otherwise. considered to form any offer or an invitation to the past or future. This document contains certain “forward -looking acquire Stanmore Coal shares or any other statements”. The words “forecast”, “estimate”, The information in this document does not financial products, and neither this document nor “like”, “anticipate”, “project”, “opinion”, “should”, purport to be complete nor does it contain all the any of its contents will form the basis of any “could”, “may”, “target” and other similar information that would be required in a contract or commitment. In particular, this disclosure statement or prospectus prepared in expressions are intended to identify forward document does not constitute any part of any accordance with the Corporations Act 2001 looking statements. Indications of, and guidance offer to sell, or the solicitation of an offer to buy, (Commonwealth). It should be read in on, future earnings and financial position and any securities in the United States or to, or for conjunction with Stanmore’s other periodic and performance are also forward-looking the account or benefit of any “US person” as continuous disclosure announcements lodged statements. You are cautioned not to place defined in Regulation S under the US Securities with the Australian Securities Exchange, which undue reliance on forward looking statements. Act of 1993 (“Securities Act”). Stanmore Coal are available at www.asx.com.au. Although due care and attention has been used shares have not been, and will not be, registered This document is not a recommendation to in the preparation of forward looking statements, under the Securities Act or the securities laws of acquire Stanmore Coal shares and has been such statements, opinions and estimates are any state or other jurisdiction of the United prepared without taking into account the based on assumptions and contingencies that States, and may not be offered or sold in the objectives, financial situation or needs of are subject to change without notice, as are United States or to any US person without being individuals. Before making an investment statements about market and industry trends, so registered or pursuant to an exemption from decision prospective investors should consider which are based on interpretations of current registration. the appropriateness of the information having market conditions. Forward looking statements regard to their own objectives, financial situation including projections, guidance on future 2 2

Stanmore Coal Overview - Certainty ASX CODE SHARE PRICE A$1.42 1 Independent Australian coal company SMR Positionedpredominantly in metallurgical coal with a track record of delivery SHARES MARKET CAP $360m 1 252,827,518 1. AS AT 30 JUNE ‘19 Isaac Plains Complex expansion operationalwith demonstrated performance SHARE OWNERSHIP Validation that the company can source, develop, operate and rehabilitate coal resources Isaac Plains Complex represents the company’s platformasset Certainty in near-term growth underpinned by existing capacity and low capital incremental growth options delivering competitive cost structures and long mine lives The ‘combined effect’ driving certainty in delivering returns to shareholders The combination of the operating performance, a disciplined Golden Energy & Resources Corporate investment pipeline and the foundation of a fully prepared Institutions Employees and Directors company drives focus on costs / margin / cash generation Private & Other 3 3

Overview of Stanmore Logistics Operations and Projects BOWEN Foundations in Metallurgical Coal • Isaac Plains Complex (IPC) operational with a ABBOT POINT THIS capacity of 3.5Mt ROM (approx. 2.5Mt MAP TOWNSVILLE product) ROCKHAMPTON • IPC Marketable Reserves of 37Mt MACKAY BRISBANE DALRYMPLE BAY COAL TERMINAL Industry Rail paths MDL135/137 SMR rail path MORANBAH RAIL Projects/tenements ISAAC PLAINS COMPLEX Logistics to port matching IPC Infrastructure Operating asset • 177km to Dalrymple Bay Coal Terminal • SMR 2.4 Mt contracted LILYVALE MACKENZIE EPC2157 ROCKHAMPTON EPC2081 EPC1687 EPC1186 EPC1168 EPC1114 TENNYSON EPC1580 GLADSTONE EMERALD BELVIEW WIGGINS ISLAND COAL BLACKWATER EXPORT TERMINAL MOURA PORT Path to Market Secured • 85 Mt capacity multi user port TAROOM • SMR 2.4Mt contracted CLIFFORD • 2 x 1.2Mt capacity tranches with a 5 and 10 EPC1274 EPC1276 THE RANGE year term and ‘evergreen’ rights EPC1112 WANDOAN EPC2030 4 4

Isaac PlainsComplex Legend Drainage Major roads ML 700019 Minor roads Railway Stanmore ML ROM Stanmore MDL ISAACPLAINS Stanmore EPC ML 70342 EASTMINE ML 700018 ISAACPLAINS MINE ML 700017 ML 700016 Operations Development / Projects • Isaac Downs acquired in 2018. Consenting and • Isaac Plains operational in 2016 at approvals underway 1.2Mt rate • Currently majority semi-soft coking coal; migrating • Expansion to Isaac Plains East EPC728 into semi-hard coking coal EPC755 completed 2018 taking production to 2.4Mt product FY19 • Isaac Plains South in exploration phase MDL 137 ISAACRIVER ISAAC DOWNS ISAACPLAINS SOUTH EPC755 Infrastructure / Equipment Region • 100% owned CHPP/Rail Loop and • Multi – operational region ISAAC PLAINS infrastructure areas with 3.5Mt ROM • Incremental capacity increases available capacity COMPLEX • SMR track record of sourcing, development, N • Mining operations contracted operating and rehabilitating 0 4km 5 5

Overview – Stanmore Customer Base Diverse Blue Chip Customer Base Leveraged to metallurgical coal • Approximately 50% contracted into Japan / Korea • Valuable market / customer diversity expanding into Europe and India EUROPE • Thermal by-product KOREA JAPAN CHINA INDIA S.EASIA Coking Thermal 6 6

Certainty instrategy THE COMBINED EFFECT PROJECT / INVESTMENT PIPELINE – SOURCE ROM COAL PIPELINE WITH DISCIPLINE COAL QUALITY | COST STRUCTURE | STRIPRATIO Emerging Integrated Isaac Plains Complex Regional Coal Hub Coal Company 2.0 Mt 2.4 Mt 2.4 Mt 5.0 Mt Margin Focused Saleable Production Saleable Production 2019 - 2020 2021 - 2022 Source ROM coal with discipline Maximise the ‘combined effect’ Fully prepared company • CHPP to full capacity of 3.5Mt ROM • Multiple sources to upstream • Multiple hubs forcing a combined • 2 Stage cost structure increased CHPP feed capacity up to effect potentially 7Mt ROM • Ramp-up / ramp-down capability • Benchmark performance for each $ • Capital ‘light’ expansion on existing • Strip Ratio /Cost Structure /Coal Quality or piece of equipment deployed footprint giving superior IRR’s in the • Matched logistics • Positioned for growth at any point in current climate the cycle OPERATINGPERFORMANCEIN WHAT COUNTS Equipment Engineered Operations performance operations leadership 7 7