Australian Pacific Coal Limited · ASX:AQC
Australian Pacific Coal — 2024 Gold Coast Investment Showcase
16 slides from Australian Pacific Coal's conference presentation, Jun 19, 2024
Slide 1: Dartbrook: Restarting a world class mine
For personal use only Dartbrook: Restarting a world class mine Ayten Saridas, Managing Director & CEO 2024 Gold Coast Investment Showcase 19 June 2024 ASX: AQC
Slide 2: Disclaimer
Disclaimer This presentation (‘the presentation’) has been prepared by Australian Pacific Coal Limited ACN 089 206 986 general risks associated with the feasibility and development of each of the Company’s projects; foreign (‘AQC’ or ‘the Company’) and is not intended to, and doesn’t constitute lega
Slide 3: Dartbrook Overview
Dartbrook Overview ▪ Acquisition of Dartbrook Underground Mine: acquired in December 2017 by For personal use only Australian Pacific Coal ▪ Strategic Restart Potential: low-cost re-start opportunity leveraging significant pre- investment by Shell and Anglo American ▪ Prime Location: situated in Hun
Slide 4: Dartbrook – Premium Coal Asset
Dartbrook – Premium Coal Asset For personal use only 4
Slide 5: Strategic Position in the Hunter Valley
Strategic Position in the Hunter Valley ▪ AQC 80% JV Interest in Dartbrook ▪ Long-life asset: For personal use only – JORC compliant Resource: 2.5 Bt1 – ROM Reserves: 470 Mt1 – Marketable Reserves: 370 Mt1 ▪ Infrastructure in place – Hunter Tunnel and CHPP ▪ Excellent proximity to port and rail faci
Slide 6: Investment Highlights
Investment Highlights For personal use only New supply of Substantially de-risked - Hunter Secured Funding - US$60m low cost, export quality coal Tunnel dewatered & operational (~A$92m) restart capex in place High margin potential - material Fully permitted with MOD8 World class surface infrastructu
Slide 7: World Class Underground Operations
World Class Underground Operations For personal use only Not to scale. Illustrative only. • Multi-seam reserve – underground seam access already developed to multiple seams • Coal clearance system – through the existing Hunter Tunnel direct to the prep plant (CHPP) 7
Slide 8: Substantial Reserves and Resources
Substantial Reserves and Resources AQC has had the following technical JORC Resource Classification Mt reports conducted for Dartbrook: For personal use only • Coal Reserve Estimate for Dartbrook Ore Reserves Project (2018) Proven - • Mining Consultancy Services (2017), Probable 370 Underground Mine
Slide 9: Key Operating Metrics for Dartbrook
Key Operating Metrics for Dartbrook For personal use only Newcastle Dartbrook Dartbrook Production Summary1 Product Coal Quality Benchmark Premium Standard (NEWC) Product Product ROM Specific Energy Ramp up to ~2.7 Mtpa 6,000 6,100 5,545 Production (gross, kcal/kg) NEWC spec coal with potential to p
Slide 10: Strategically Positioned for Export Market
Strategically Positioned for Export Market Dartbrook represents a rare opportunity to Newcastle 6000 CV price1 access Asian export markets when limited new 500 For personal use only 450 projects are being sanctioned 400 350 ▪ Dartbrook stepping in at the right time - limited 300 US$/t 250 new supply
Slide 11: Substantially De-risked Investment
Substantially De-risked Investment For personal use only Simplified JV structure Hunter Tunnel de-watered Secured US$60m (~A$92m) Strategic Partnership with re-start capital Vitol Asia 11
Slide 12: Optimised Vision for Dartbrook
Optimised Vision for Dartbrook ▪ Targeting mid-2024 first coal For personal use only ▪ Cutting coal and optimising underground stowage and conveyor movements ▪ Produce unwashed coal for sale while CHPP completes refit ▪ Developing accelerated mine plan to increase production and sales volumes ▪ Anal
Slide 13: Compelling Financial Metrics
Compelling Financial Metrics Forecast ROM Production1 Revenue For personal use only Mt 3.0 2.5 • NEWC thermal benchmark product 2.7 2.0 2.2 2.3 and pricing 1.5 1.0 • Exploring potential for semi-soft, PCI 0.5 1.0 quality - Year 20241 Year 20252 Year 20263 Year 20274 Forecast Sales Volumes and FOB Co
Slide 14: AQC Corporate Overview
AQC Corporate Overview Shareholder Register1 Capital Structure For personal use only Share price2 $0.07 Brokers & Trepang & Other Retail Associates Shares on issue2 513.0m 29.8% 33.4% Market capitalisation2 $35.9m Cash (31 March 2024) $20.5m Debt (31 March 2024) $35.0m Options3 13.8m @$0.34 Market c
Slide 15: Coal Remains Key to Energy Transition
Coal Remains Key to Energy Transition AQC events and catalysts For personal use only ▪ Revised Mine Plan and acceleration strategy ▪ Met Coal analysis ▪ First coal – unwashed ▪ CHPP online and export ready ▪ MOD 8 extension to 2033 Above: Image captured from low-res security camera, May 2024 15
Slide 16: Enquiries
Enquiries General Enquiries: Investors: ASX code: AQC Murray Aitken Matt Sullivan For personal use only Senior Commercial Manager Meridian Investor Relations M. +61 (0)408 932 158 M. +61 (0)412 157 276 E. maitken@aqcltd.com 16
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