BROADMEADOW EAST COKING COAL PROJECT

A project with an estimated mineral resource of 33Mt within the granted mining lease. A shallow sub-crop and consistent seam thickness of 3.5m – 4.2m within the Leichhardt seam render potential suitability for an accelerated start-up, low strip ratio, open cut mine. Includes access rights to New Lenton Joint Venture coal handling and preparation plant and the train load out facility of 1Mtpa. Studies completed indicate a run of mine production target of 0.8 Mt per year to 1.1 Mt over a 5 -7 year mine life. Shovel ready open cut mine with access to infrastructure.