Australian Pacific Coal Limited · ASX:AQC
Australian Pacific Coal — Shareholder Meeting (November 2023)
15 slides from Australian Pacific Coal's shareholder meeting presentation, Nov 30, 2023
Slide 1: 2023 Annual General Meeting CEO Presentation
2023 Annual General Meeting CEO Presentation: Ayten Saridas 30 November 2023
Slide 2: Disclaimer
Disclaimer This presentation (‘the presentation’) has been prepared by Australian Pacific Coal Limited ACN 089 206 associated with investments in private and publicly listed companies such as the Company; risks associated 986 (‘AQC’ or ‘the Company’) and is not intended to, and doesn’t constitute le
Slide 3: Disclaimer
Disclaimer LIMITED DISTRIBUTION based on anticipated tonnage, expected recovery rates, equipment operating costs, prevailing market prices and other factors, which are all subject to uncertainties. No assurance can be given that the This presentation is not and should not be considered to form any o
Slide 4: 2023 Priorities
2023 Priorities AQC’s management team set clear priorities for 2023 1. Safety, health and wellbeing of all employees and contractors 2. Simplify JV structure and operating agreements to ensure the best outcome for stakeholders and provide a sound platform for future funding 3. Continue de-risking th
Slide 5: 2023 Achievements
2023 Achievements Positive outcomes for shareholders achieved in 2023 • Significantly increased AQC shareholder’s interest in Dartbrook Project – Renegotiated Joint Venture terms and agreement with significant positive outcomes for AQC shareholders – Increased direct working interest in Dartbrook pr
Slide 6: Dartbrook Mine – a world class asset
Dartbrook Mine – a world class asset 6
Slide 7: Dartbrook Mine – a world class asset
Dartbrook Mine – a world class asset ▪ Excellent Location, infrastructure network ▪ A JORC compliant underground mining in-place Resource of 1.25 Bt with ROM Reserves of ▪ High quality coal specifications (NEWC) 470 Mt and Marketable Reserves of 370 Mt ▪ High margin potential offers material free ▪
Slide 8: Committed to Operate Sustainably
Committed to Operate Sustainably ▪ No recordable injuries or incidents and no reportable environmental incidents in FY23 ▪ Committed to co-exist with surface cattle grazing operations (landowner, Trepang, also AQC’s largest shareholder) ▪ Committed to minimise water use under agreement with landowne
Slide 9: Dartbrook Mine – restart status
Dartbrook Mine – restart status ▪ Mine tunnel dewatering safely completed (>70 ML removed) ▪ Re-established ventilation circuit ▪ On-going work to support roof and ribs and install new conveyer structure ▪ New mine plan established using Bord & Pillar mining ▪ Accomplished mine management team – rec
Slide 10: Successful equity raising
Successful equity raising ▪ Successfully completed a $12m equity raising in Sept/Oct 2023 via a Placement and Accelerated Non-Renounceable Entitlement Offer (ANREO) ▪ The Placement and Institutional Component of the ANREO raised approximately $10m in aggregate ▪ The Retail Component closed fully sub
Slide 11: Restart capex fully funded
Restart capex fully funded ▪ Agreed terms with Vitol for a credit committee approved US$60m (~A$90m) facility to fund all remaining restart capex through to first coal and the acquisition of additional mining systems during ramp-up ▪ Ability to draw down funds monthly from December 2023, subject to
Slide 12: Thermal Coal markets remain robust
Thermal Coal markets remain robust The demand for high quality seaborne traded thermal coal (NEWC – 6000kcal or better) remains robust from across Japan, South Korea, Taiwan and other SE Asia against a backdrop of little new supply and a weakening A$ $/t ▪ Thermal coal prices remain above long-term
Slide 13: World class asset gaining momentum
World class asset gaining momentum Restart capex funding caps year of achievement ▪ Achieved all major priorities in increasingly challenging economic environment ▪ Significantly increased AQC shareholder’s interest in Dartbrook Project ▪ AQC’s decision to continue to de-risk Dartbrook enabled resta
Slide 14: Thank You
Thank You 14
Slide 15: JORC Resource and Coal Quality
JORC Resource and Coal Quality Marketable Reserves Note AQC has had the following technical JORC Resource Mt The Dartbrook Marketable Coal Reserve of 370Mt is derived from a ROM Coal Reserve of 470 Mt estimated reports conducted for Dartbrook: Classification in accordance with the JORC Code with a p
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