Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Surat Basin Coal & Energy Conference 2010
24 slides from Stanmore Resources's conference presentation, May 19, 2010
Slide 1: Presentation to Surat Basin Coal & Energy Conference
For personal use only ASX announcement 19 May 2010 Presentation to Surat Basin Coal & Energy Conference The attached presentation will be made by Nick Jorss (Managing Director) at the Surat Basin Coal & Energy Conference in Brisbane today. On behalf of the Board DP Cornish Company Secretary For furt
Slide 2: Surat Basin Coal & Energy Conference
For personal use only Surat Basin Coall & Energy Conference May 2010 Strictly confidential
Slide 3: Important notice
Important notice For personal use only This document has been p prepared p byy Stanmore Coal Limited ((“Stanmore Coal”)) for the eppurpose p of p providing g a company p y and technical overview to interested analysts/investors. y Any statements, opinions, projections, forecasts or other material co
Slide 4: Stanmore Coal highlights
Stanmore Coal highlightss For personal use only Pure play coal company focussed on world class regions • Diversified p portfolio of coking, g, th hermal and PCI coal targets g with EPCs totaling 1,080km2 in the Bowen B and Surat Basins • Successful record in identifying y g, acquiring q g and p prov
Slide 5: Close to export infrastructure
Stanmore Coal highlightss For personal use only Close to export infrastructure • Bowen Basin p projects j are close e to rail lines to coal terminals at Gladstone and Dalrymple Bay • The Range project is well locate ed for the planned Surat Basin Raiil li k connecting link i to Gl Gladstone d 4
Slide 6: Key Metrics (SMR.AX)
Stanmore Coal highlightss For personal use only Key Metrics (SMR.AX) • Shares on issue: 93.2m • Fully underwritten IPO in Dec 2009 at 20c • Highest performing IPO in 2009 9 • Current share price1: 75c • Market Capitalisation: $70m • Cash Position2: $4.7m • No debt Notes: 1. At 16 May 2010 2. At 31 M
Slide 7: Strong Board and management team
Strong Board and manag gement team For personal use only Neville Sneddon (Chairman) Mining engineer with 37 years expeerience in coal, formerly CEO of Anglo Coal Australia, Chairman of DBCT and Director of PWCS Nick Jorss (MD) ( ) 20 years in investment banking, resource financing, engineering, proj
Slide 8: Strong Board and management team
Strong Board and manag gement team For personal use only Andrew Martin (Director) 15+ years in investment banking, in nfrastructure & resource financing and M&A Vaughan g Wishart ((Operations p M Manager) g ) 20 years in resource project develoopment, study management, engineering and infrastructure
Slide 9: Projects located in prime coal areas
Projects located in prime coal areas For personal use only • Six projects in the Bowen Basin • Additional project pending grant in the Bowen Basin (Ten Mile Creek) • The Range project is well located in the Surat Basin • A number of other Bowen B i EPC applications Basin li ti 8
Slide 10: Surat Basin – The Range project highlights
Surat Basin – The Range e project highlights For personal use only Emerging First Class Coal Deposit • Large open pit deposit of exportt quality thermal coal • JORC Inferred Resource of 208 8Mt (up from 117Mt in April) • Initial quality testing points to a superior export thermal coal • C Concept t
Slide 11: The Range – overview of deposit
The Range – overview off deposit For personal use only • Taroom measures are well developed through The Range project area • Seams subcrop in the east and dip gently ((<1º) 1) to the west • Depth to top of coall iis sub b 40 40m over the bulk of the identified resource • Average weatheringg depth of
Slide 12: The Range – coal thickness
The Range – coal thickne ess For personal use only • Average net coal thickness 6.4m (maximum 9.0m) • At least seven open pit mineable seams/plies with average thickness of 0.84m • M Main i seams/plies / li occur within: 9 Auburn Seam 9 Bulwer Seam 9 Condamine Seam 11
Slide 13: The Range – insitu strip ratio
The Range – insitu strip rratio1 For personal use only • Half of the identified resource lies at sub 8:1 strip ratio • Additional shallow coal intersected to the east of modeled subcrop (not yet included) • More drilling is planned to understand d t d whether this is a local variation to the subcrop
Slide 14: The Range – inferred resource polygon
The Range – inferred ressource polygon For personal use only • Some potential for additional tonnage in two new application areas 13
Slide 15: The Range – project area and drill holes
The Range – project area a and drill holes For personal use only • Tenement boundaries extend well east of current extent off drilling 14
Slide 16: The Range – superior quality thermal coal
The Range – superior qu uality thermal coal For personal use only A superior quality Surat Basin n thermal coal • Initial washability y analysis y by y Bu ureau Veritas p points to a low ash,, high g energy thermal coal with the following features1: 9 Yield: >80% 9 Ash: <8% 9 Caloric Value: >6,500 k
Slide 17: The Range – next steps
The Range – next steps For personal use only • Additional drilling to investigate potential to extend the Inferred Resource • Concept study underway by Min nserve to pull together: 9 Mining methods and mine planning 9 Coal quality and processing 9 Rail & port infrastructure 9 Environmental 9 Land ac
Slide 18: Bowen Basin projects – Mackenzie River
Bowen Basin projects – Mackenzie M River For personal use only Open Pit Coking Coal • Targeting g g a large g deposit p of ope pen pit p coking coal • Well located on the existing g railw way y line to Gladstone • 20km of strike (Burngrove Form mation) • Adjacent to Aquila Resources’ advanced Washpo
Slide 19: Bowen Basin projects – Emerald
Bowen Basin projects – Emerald E For personal use only High Quality Export Thermal Coal C • Exploration p g * of 220 – 290 Target 0 Mt of low to moderate ash export p quality thermal coal (Independeent Report – SRK Consulting) • Prime target g is the Aries Seam within w the Rangal g Coal Measures: 9
Slide 20: Bowen Basin projects – Emerald
Bowen Basin projects – Emerald Emerald For personal use only 19
Slide 21: Bowen Basin projects – New Cambria (1113)
Bowen Basin projects – New N Cambria (1113) For personal use only Targeting Coking/PCI Coal • Targeting g g low-volatile,, low to me edium ash PCI or coking coal • Coal mined historicallyy at adjoin j ning g Bluff Coal Field with the followin ng properties: 9 High energy (7,200+ kcal/kg) semi-a anth
Slide 22: Bowen Basin projects – Belview (1114)
Bowen Basin projects – Belview B (1114) For personal use only Targeting Hard Coking Coal • Potential for large deposit of underground prime coking coal • Target seams mined in nearby C kC Cook Colliery lli and d Leichhardt L i hh dt Colliery • Regional seam thickness of: 9 6m+ (Gemini = Castor & Pol
Slide 23: Bowen Basin projects – Kerlong
Bowen Basin projects – Kerlong K For personal use only Targeting Coking/PCI Coal • Targeting high quality, undergro ound coking and PCI coal • Target seams mined in nearby mines m i l di including: 9 Burton (Peabody) 9 South Walker Creek (BMA) 9 Carborough Downs (Vale) 9 Coppabella pp ((Macarthur Co
Slide 24: Summary
Summary For personal use only 9 Diversified portfolio of coking, th hermal and PCI coal exploration projects 9 Bowen Basin focus with one hig gh quality Surat Basin project 9 Close to infrastructure 9 Experienced Board and manage ement 9 Growth focused company 9 The Range – JORC Inferred Re esource
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