Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Rodman & Renshaw Global Investor Conference 2010
25 slides from Stanmore Resources's conference presentation, Sep 13, 2010
Slide 1: Rodman & Renshaw Global Investor Conference Presentation
For personal use only Rodman & Renshaw Global Investor Conference Presentation September 2010
Slide 2: Important notice
Important notice For personal use only This document has been prepared by Stanmore Coal Limited (“Stanmore Coal”) for the purpose of providing a company and technical overview to interested analysts/investors. None of Stanmore Coal, nor any of its related bodies corporate, their respective directors
Slide 3: Stanmore Coal Highlights
Stanmore Coal Highlights For personal use only • ASX listed pure play coal company focused on world class regions – Portfolio of coking, thermal and PCI coal targets within seven project areas totaling 1,080km2 in the Bowen and Surat Basins in Queensland, Australia – 318Mt of JORC Inferred Resources
Slide 4: Stanmore Coal Highlights: Prime Coal Areas
Stanmore Coal Highlights For personal use only • Prime Coal Areas – Six projects in the Bowen Basin, the home of most of Queensland's metallurgical and thermal coal mines – One project in the Surat Basin which hosts export quality thermal coal – A number of other Bowen Basin EPCs under application (
Slide 5: Stanmore Coal Highlights: Key Metrics and Shareholders
Stanmore Coal Highlights For personal use only • Key Metrics Shareholders – ASX Code: SMR St Lucia – Shares on issue: 93.2m Other Resources (Jorss/Martin/ – Current share price1: A$0.97 41.2% Wishart) (a) 33.5% – Market Capitalisation1: A$88m (USD 80m) – Cash Position2: A$3.0m (USD 2.7m) No debt – C
Slide 6: Strong Board and Management Team
Strong Board and Management Team For personal use only Neville Sneddon Stephen Bizzell Ch i Chairman Director i Mining engineer with 37 years Extensive experience in experience in coal, formerly CEO of commercialising resources Anglo Coal Australia, Chairman of companies; former executive DBCT Port
Slide 7: Strong Board and Management Team
Strong Board and Management Team For personal use only Andrew Martin Tim Jones Director Exploration Manager 15+ years in investment banking, Senior ggeologist g with 15 yyears i f t t infrastructure & resource financing fi i experience in the Bowen Basin and M&A Vaughan Wishart Duncan Cornish Manage
Slide 8: Mackenzie River Project - Bowen Basin
Mackenzie River Project ‐ Bowen Basin For personal use only • Open p Pit Cokingg Coal – 99Mt JORC Inferred resource – Exploration target1 of an additional 70 to 80Mt – Located on existing railway line to coal ports at Gladstone – 25km of strike (Burngrove Formation) – Adjacent to Aquila Resources’ a
Slide 9: Mackenzie River - Coking Coal
Mackenzie River ‐ Coking Coal For personal use only • Aquarius q Seam Aquarius Washability (Fl 1.50 adb) – Average coal thickness 2.2m (max Coking Properties 3.4m) CSN (ave) 6.0 – Coal depth: 19m – 100m (cut off) CSN ((max)) 80 8.0 – Dips at 2° to west – Good coking properties Energy – Further inves
Slide 10: Mackenzie River Project - Infrastructure
Mackenzie River Project – Infrastructure For personal use only • Port Access – Participating in Wiggins Island Coal Terminal (WICET) Gladstone ‐ Stage II planned expansion (2015) – Approximately 310km distance to port • Rail Access – Queensland Rail upgrade of existing Blackwater line to Gladstone s
Slide 11: Mackenzie River - Path to Production
Mackenzie River – Path to Production For personal use only MACKENZIE RIVER 2010 2011 2012 2013 2014 2015 INDICATIVE DEVELOPMENT PLAN* Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Item ACTIVITY Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun 1 ML application X 2 Environme
Slide 12: The Range Project - Surat Basin
The Range Project – Surat Basin For personal use only • Export p Q Qualityy Thermal Coal – 219Mt JORC Inferred Resource – Open pit mine planned producing 5Mtpa of high energy thermal from Q1 2015 – Conceptual Mining Study completed – NPV of A$298m at US$95/t price received1 – Located 24km south east
Slide 13: The Range Project - Export Thermal Coal
The Range Project – Export Thermal Coal For personal use only • Keyy Coal Parameters Product 10% ash 12% ash – Average total coal thickness Quality option option 6.1m (max 9.0m) (adb) – Coal depth: 9m – 100m; and Energy continues at depth kcal/kg 6,470 6,280 – Dips at 1° to west Btu/lb 11,650 11,300
Slide 14: The Range Project - Mining Study Results
The Range Project – Mining Study Results For personal use only • Cost Estimates Owner/ Operator Low Capex Contract 12% Product Ash Case Option Mining Option Development Capital Cost A$502m A$299m Operating Costs Free on Rail (FOR) per product tonne A$46 Free on Board (FOB1) per shipped tonne A$85 •
Slide 15: The Range Project - Mining Plans
The Range Project – Mining Plans For personal use only – Three options for Coal Handling and Prep Plant (CHPP) location – 27km haul road to Surat Basin rail link – Twin pits mined in parallel – 18 year mine life 15
Slide 16: The Range Project - Proposed Flowsheet
The Range Project – Proposed Flowsheet For personal use only 16
Slide 17: The Range Project - Infrastructure
The Range Project – Infrastructure For personal use only • Port Access – Participating in Wiggins Island Coal Terminal (WICET) Gladstone ‐ Stage II planned expansion (2015) – Approximately 360km distance to port • Rail Access – Queensland Rail upgrade of existing Moura line to Gladstone scheduled in
Slide 18: The Range Project - Path to Production
The Range Project – Path to Production For personal use only THE RANGE 2010 2011 2012 2013 2014 2015 DEVELOPMENT PLAN* ‐ OVERVIEW Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Item ACTIVITY Sep p Dec Mar Jun Sep p Dec Mar Jun Sep p Dec Mar Jun Sep p Dec Mar Jun Sep p Dec Mar Jun 1 ML application X 2 Env
Slide 19: Emerald Project - Bowen Basin
Emerald Project – Bowen Basin For personal use only • Targeting g g Metallurgical g and Export Thermal Coal – Rangal Coal Measures projected to sub‐cropp through g pproject j area from 150m in depth – Exploration Target1 of 220 – 290 Mt of low to moderate ash (8 – 12% raw)) export quality thermal co
Slide 20: New Cambria Project - Bowen Basin
New Cambria Project ‐ Bowen Basin For personal use only • Targeting low‐volatile PCI Coal – Targeting low‐volatile, l l l low l to medium d ash PCI coal along structural trend from Yarabee mine (Felix Resources) – High energy (7(7,200+ 200+ kcal/kg) coal mined historically at adjoining Excel Collier
Slide 21: Belview Project - Bowen Basin
Belview Project ‐ Bowen Basin For personal use only • Targeting g g Hard Cokingg Coal – Potential for significant deposit of underground prime coking coal – Target seams mined in nearby Cook Colliery and Leichhardt Colliery – Regional seam thickness of: • 6m+ (Gemini Seam = Castor & Pollux coalesced
Slide 22: Kerlong Project - Bowen Basin
Kerlong Project ‐ Bowen Basin For personal use only • Targeting g g Coking/PCI g/ Coal – Targeting high quality, underground coking and PCI coal – Target seams mined nearby including: • Burton (Peabody) • South Walker Creek (BHP Mitsubishi) • Carborough Downs (Vale) • Coppabella (Macarthur Coal) – S
Slide 23: Key Project Summary
Key Project Summary For personal use only Project Basin Mining Method Target Coal Size Rail Link to Coal Port Mackenzie Bowen Open Pit Coking 99Mt JORC Inferred 9 River resource2 plus 70 –80Mt Initial Exploration Target1 The Range Surat Open Pit Export Thermal 219 Mt JORC Inferred Upcoming resource2
Slide 24: ASX Listed Comparables - Coal Sector
ASX Listed Comparables ‐ Coal Sector For personal use only – Path for value Market Capitalisation (A$m) creation as Stanmore 4,000 Coal moves through 3,500 Explorer / Developers Producers 3,000 project development 2,500 towards production 2,000 1,500 is well established 1,000 500 ‐ EV (A$m) ( $ ) Ne
Slide 25: Contact Details
Contact Details For personal use only Nick Jorss Managing Director Stanmore Coal Limited Level 5, 10 Market Street Brisbane, QLD, 4000 Phone: +61 7 3212 6222 www.stanmorecoal.com.au 25
Stanmore Coal — Rodman & Renshaw Global Investor Conference 2010 on 6ix