Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Investor Presentation (March 2013)
18 slides from Stanmore Resources's investor presentation, Mar 12, 2013
Slide 1: Investor Presentation March 2013
For personal use only Investor Presentation March 2013
Slide 2: Important Information
Important Information This document has been prepared by Stanmore Coal Limited (“Stanmore Coal”) for the purpose of providing a company and technical overview to interested analysts/investors. None of Stanmore Coal, nor any of its related bodies corporate, their respective directors, partners, emplo
Slide 3: About Stanmore Coal
For personal use only About Stanmore Coal Pure play, Queensland ASX code - SMR 94Mt of JORC 975-1,498 Mt(2) of based coal company Share price - A$0.205(3) Marketable additional exploration targets Reserves(1) Founded in 2008 Shares – 207.8m Mkt cap - $42.6m(3) 686.2Mt of JORC c.7
Slide 4: Company Highlights
Company Highlights 1 Attractive pipeline of Queensland coal projects For personal use only − The Range (Surat Basin) open-cut 5Mtpa (product) export thermal coal. BFS nearing completion − Belview (Bowen Basin) targeting underground coking coal − Other prospective thermal, PCI and coking deposits in
Slide 5: Belview Project Overview
Belview Project Overview Acquisition of EPC 1186 Creates Large Coking Coal Project in Bowen Basin region 100% owned For personal use only Substantial coking coal project in heart of the Bowen Basin Acquisition of EPC1186 provides access to shallower coking coal (circa 385m depth) and significant
Slide 6: Belview Project – Concept Study Results
Belview Project – Concept Study Results EPC 1186 significantly reduces the initial depth of mining For personal use only Asset description Project ownership 100% Location Blackwater, Bowen Basin, Qld JORC Inferred Resource 95Mt Exploration target1 735-1,103Mt Infrastructure solution Blackwater line,
Slide 7: Belview Project Concept Study Economics
Belview Project Concept Study Economics Shallower mining depth reduces capex and operating costs Capital Estimate – Single Longwall The project capital costs for a single longwall For personal use only Capital Item Estimate (A$M) operation used for financial analysis in this Longwall 172 study are
Slide 8: Belview Project Timetable
Belview Project Timetable First coal target 2017 Concept study estimates underground development can commence in 2017 and longwall mining can For personal use only commence in late 2018 Source: Xenith Concept Mining Study 8
Slide 9: The Range Thermal Coal Project
The Range Thermal Coal Project Open cut, high energy, export grade thermal coal mine 100% owned For personal use only 5Mtpa open cut export thermal coal mine over 26 years High energy, low emission thermal coal sought after in Japan and Taiwan Capital cost $407M contract mining, $505M owner mi
Slide 10: Tennyson Thermal Coal Project
Tennyson Thermal Coal Project Underground, export grade thermal coal 100% owned For personal use only Maiden JORC Inferred Resource of 161Mt2 from within the 2.5m thick Aries seam at a depth of 150m to 480m Additional exploration Target1 of 65 – 120Mt established High energy export thermal coa
Slide 11: Asset Development Schedule
For personal use only Asset Development Schedule Asset 2H12 1H13 2H13 2014 Beyond Belview 2014 -2017: Construction Drilling commences EPC 1186; update Concept Study Undertake PFS Undertake BFS 2017 – First coal The Range BFS delivery Complete Supplementary EIS; obtain ML grant Mid 2014: Construction
Slide 12: Supplementary Slides
For personal use only SUPPLEMENTARY SLIDES 12
Slide 13: Strong Board and Management Team
Strong Board and Management Team NEVILLE SNEDDON NICK JORSS STEPHEN BIZZELL VIV FORBES ANDREW MARTIN For personal use only Managing Director Director Director Chairman Director Mining engineer with 37 years 20 years in engineering, Extensive experience in Over 40 years of Bowen Basin 15+ years in in
Slide 14: Reserves, Resources and Targets
For personal use only Reserves, Resources and Targets JORC JORC JORC Measured JORC Indicated JORC Inferred Total JORC Additional Exploration Project Marketable Coal Recoverable Resource (1) Resource (1) Resource (1) Resource (1) Target (3) Reserve (1) (2) Coal Reserve (1) (2) Low High The Range Ther
Slide 15: Energy Demand is driven primarily by Asia
Energy Demand is driven primarily by Asia… For personal use only Source: Wood Mackenzie Global Energy & Metals Forum 2012 15
Slide 16: Bulk of supply to come from Pacific basin coal
… with the bulk of supply to come from Pacific basin coal IEA forecasts coal demand to grow 65% by 2035, overtaking oil as the largest supply of energy Demand for energy coal, as a result of For personal use only increased power-generation requirements, will be met by the seaborne market Thermal
Slide 17: QLD coal well positioned to meet the supply gap
QLD coal well positioned to meet the supply gap Australia will increase its share of the export market… Australian coals will increase their share of For personal use only the global seaborne market from 20% to 28% due to factors such as: superior coal quality; proximity to end-user market (As
Slide 18: Long term freight rate fundamentals favour Australian coal
Long term freight rate fundamentals favour Australian coal In the short term, low freight rates, when Recent freight rate pricing has been volatile with historic freight differentials less pronounced… For personal use only combined with low natural gas prices, make Shipping rates from export origi