Whitehaven Coal Limited · ASX:WHC

Whitehaven Coal — Corporate Update (April 2023)

9 slides from Whitehaven Coal's corporate update, Apr 21, 2023

  1. Slide 1: Breaking Ground at Vickery

    QUARTERLY REPORT (Q3 FY23) - Appendix Breaking Ground at Vickery Market update 21 April 2023 Investor contact Media contact Kylie FitzGerald Michael van Maanen +61 2 8222 1155, +61 401 895 894 +61 2 8222 1171, +61 412 500 351 kfitzgerald@whitehavencoal.com.au mvanmaanen@whitehavencoal.com.au Whiteha

  2. Slide 2: Disclosure

    Disclosure FORWARD LOOKING STATEMENTS Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Whitehaven Coal Limited, industry growth or other trend p

  3. Slide 3: We will break ground at Vickery through an initial small scale capital project

    We will break ground at Vickery through an initial small scale capital project Early mining of Vickery presents a compelling opportunity • Low capital, low risk investment • Brings replacement volumes from Gunnedah open cuts to market (~0.9-1.0 Mtpa of sales) • Utilises surplus Gunnedah CHPP process

  4. Slide 4: Vickery is proximate to existing operations in the Gunnedah Basin

    Vickery is proximate to existing operations in the Gunnedah Basin Early mining of Vickery utilises surplus processing and supply chain capacity • Utilises surplus CHPP processing capacity o Gunnedah CHPP only processes Tarrawonga and is Maules Creek Mine Narrabri operating at ~60% capacity LGA Tarra

  5. Slide 5: A low capital, low risk project that is value accretive for shareholders

    A low capital, low risk project that is value accretive for shareholders An incremental cost project with attractive economics Capital expenditure and returns Operating costs • ~$150m of expenditure, including: • 9:1 strip ratio for LOM o ~$100m of capex to overhaul mining equipment, • Early mining

  6. Slide 6: Vickery is a long-life, fully approved proven asset

    Vickery is a long-life, fully approved proven asset We expect first coal from early mining of Vickery around mid-CY2024, ramping up from FY25 to ~1.2-1.3 Mtpa ROM1 and ~0.9-1.0 Mtpa sales Jun 2023 – FY24 – 1991 – larger 2013 – WHC Sep 2018 – WHC Vickery Werris scale open cut submits DA & EIS submits

  7. Slide 7: Vickery's high-CV coal provides blending benefits and aligns with customer needs

    Vickery’s high-CV coal provides blending benefits and aligns with customer needs for quality and energy security Vickery’s high-CV coal is a proven product Indicative Ash range, • Early mining of Vickery will produce a >6400 CV thermal product quality, % Strip ratio kCal/kg1 coal with low ash conten

  8. Slide 8: Board approval of full scale Vickery project will be considered stand alone

    Board approval of full scale Vickery project will be considered stand alone Capital and mine plans for full scale Vickery investment are currently being finalised • Strong demand for Vickery coal in export markets; it will displace lower quality, lower-CV coal and help customer countries meet their

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