Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Wilsons Rapid Insight Conference 2019
24 slides from Stanmore Resources's conference presentation, Nov 21, 2019
Slide 1: Wilsons Rapid Insight Conference Presentation
For personal use only WILSONS RAPID INSIGHT CONFERENCE PRESENTATION 21 NOVEMBER 2019 0
Slide 2: Important information
Important information For personal use only This document has been prepared by Stanmore and needs and seek appropriate advice, including projections, guidance on future Coal Limited (“Stanmore Coal”) for the purpose including financial, legal and taxation advice earnings and estimates are provided a
Slide 3: Stanmore Coal Overview - Certainty & Value
Stanmore Coal Overview - Certainty & Value For personal use only ASX CODE SHARE PRICE Independent Australian coal company based in Queensland Positioned predominantly in metallurgical coal (coal used in steel SMR A$1.051 making) with a track record of delivery SHARES MARKET CAP 256,094,238 $269m1 1.
Slide 4: Overview of Stanmore Operations and Projects
Overview of Stanmore logistics Operations and Projects For personal use only BOWEN Foundations in Metallurgical Coal ABBOT POINT THIS • Isaac Plains Complex (IPC) operational with CHPP MAP capacity of 3.5Mt ROM1 TOWNSVILLE (target 2.4Mt product) ROCKHAMPTON • IPC Marketable Reserves of 35.1Mt 2 MACK
Slide 5: Isaac Plains Complex – value accretive leverage
Isaac PlainsComplex – value accretive leverage Legend For personal use only Drainage Major roads ML 700019 Minor roads Railway ROM Stanmore ML Stanmore MDL ISAAC PLAINS Stanmore EPC ML 70342 EAST MINE ML 700018 ISAAC PLAINS MINE ML 700017 Operations Development / Projects ML 700016 • Expansion with
Slide 6: Overview – Stanmore customer base
Overview – Stanmore customer base For personal use only Diverse Blue Chip Customer Base Leveraged to metallurgical coal • Approximately 50% contracted into Japan / Korea • Valuable market / customer diversity EUROPE expanding into Europe and India • Additional production capacity and KOREA improved
Slide 7: Certainty in strategy
Certainty instrategy THE COMBINED EFFECT For personal use only PROJECT / INVESTMENT PIPELINE – SOURCE ROM COAL PIPELINE WITH DISCIPLINE COAL QUALITY | COST STRUCTURE | STRIP RATIO | MULTIPLE SOURCES Isaac Plains Complex Regional Coal Hub Emerging Integrated 2.0Mt 2.4Mt Coal Company 2.4Mt 5.0Mt Salea
Slide 8: Certainty with the combination
Certainty with the combination SOURCE ROM COAL PIPELINE WITH DISCIPLINE For personal use only Near term Mid term 3.5Mt ROM UP TO 7.0Mt ROM COAL +15 years COAL +20years SOURCES LIFE SOURCES LIFE PIPELINE / CAPACITY SECURED INCREMENTAL CAPACITY AVAILABLE •Isaac Plains •Isaac Plains South •Isaac Plains
Slide 9: Operations Performance
For personal use only Operations Performance
Slide 10: Safety, Environment & Community Performance
Safety, Environment & Community Performance Stanmore Coal Safety Statistics Past 12 Months to Date For personal use only 20.0 15.0 10.0 5.0 0.0 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 TRI Frequency Rate (Rolling 12 Months) Safety • The Group undertook or m
Slide 11: Continuing Strong Operational Performance and Run Rates Pushing Infrastructure Capacities
Continuing Strong Operational Performance and Run Rates Pushing Infrastructure Capacities The quarters performance is on track to meet FY20 guidance of 2.35Mt production, costs of $101/t ex. royalty are currently above guidance (of $99.5/t) due to mining through a known faulted zone requiring ‘softw
Slide 12: Development and Outlook
For personal use only Development and Outlook
Slide 13: Outlook and Guidance
Outlook and Guidance Coal Type Price Share Price For personal use only 350 1.80 1.60 300 1.40 250 1.20 US$/tonne A$/share 200 1.00 150 0.80 0.60 100 0.40 50 0.20 0 0.00 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Hard Coking Coal Semi-soft Coking Coal Th
Slide 14: Disciplined near term and mid term growth options are key elements of our strategy
Disciplined near term and mid term growth options are key elements of our strategy PROJECT / INVESTMENT PIPELINE – SOURCE ROM COAL PIPELINE WITH DISCIPLINE For personal use only COAL QUALITY | COST STRUCTURE | STRIP RATIO EXECUTED / IN EXECUTION OPPORTUNITY For Stanmore its not about Finding the ‘Va
Slide 15: Isaac Downs Project Execution Timeline
Isaac Downs Project Execution Timeline For personal use only Jun ‘18 Dec’18 Jun’19 Dec’19 Jun’20 Dec’20 Jun’21 Environmental Studies – complete • Groundwater and hydrology studies underway with Acquisition drilling program complete • Flood impacts assessment underway • Ecology Environmental studies
Slide 16: Isaac Downs Progress
Isaac Downs Progress…. For personal use only Schedule • Final ToR (Terms of Reference) published by government on 2 October 2019 • EIS completed and currently being reviewed by government • Approval process according to plan • Tender for Bankable Feasibility Study issued • EOIs received from contrac
Slide 17: The 'Combined Effect' gives returns
The ‘Combined Effect’ gives returns Headline Investment Criteria For personal use only • Underutilised infrastructure • SMR presence • Multi – operator region • Met coal • Assets others don’t want or can’t develop Added value is essential • Infrastructure / asset grouping synergies • Increase to EPS
Slide 18: Background Information
For personal use only BACKGROUND INFORMATION
Slide 19: Board of Directors
Board of Directors Wealth of experience creating the building blocks for a growing organisation For personal use only STEWART BUTEL STEPHEN BIZZELL NEAL O’CONNOR JIMMY LIM DARREN YEATES Non-executive Chairman Non-executive Director Non-executive Director Non-executive Director Non-executive Director
Slide 20: Leadership team
Leadership team For personal use only JON ROMCKE IAN POOLE BERNIE O’NEILL BRENDAN SCHILLING Interim Chief Executive Officer Chief Financial Officer General Manager – Operations Group Manager – Marketing • Current GM Development at Stanmore • 30 years’ experience in financial • More than 30 years’ ex
Slide 21: Appendix A
For personal use only Appendix A
Slide 22: Resources & Reserves
Resources & Reserves For personal use only Stanmore Coal Limited is not aware of any new data that materially affects the information included in the relevant market announcement and, in the case of the case of estimates in the mineral resources or ore reserves, that all material assumptions and tec
Slide 23: Resources
Resources Stanmore Coal - Coal Resources, June 2019 Coal Measured Indicated Inferred Total Competent Report For personal use only Project Name Tenement Type * Resources Resources Resources Resources Person Date ML 70342, Isaac Plains ML 700018, C,T 22.2 21.3 9 52 A May-18 ML 700019 ML 700016, ML 700
Slide 24: Reserves
Reserves Stanmore Coal - Coal Reserves, June 2019 Coal Reserves Marketable Reserves Competent Report For personal use only Project Name Tenement Proved Probable Total Proved Probable Total Person Date Isaac Plains ML 70342 1.0 0.1 1.1 0.7 0.0 0.7 E Aug-19 Open-cut ML 700016, Isaac Plains East ML 700
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