Australian Pacific Coal Limited · ASX:AQC
Australian Pacific Coal — Austmine CEO Leadership Luncheon Series (June 2024)
15 slides from Australian Pacific Coal's conference presentation, Jun 5, 2024
Slide 1: Dartbrook: Restarting a world class mine
For personal use only Dartbrook: Restarting a world class mine Ayten Saridas, Executive Director & CEO (Interim) Austmine CEO Leadership Luncheon Series Sydney, 5 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 Hu
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 ▪ JORC compliant Resource1: 2.5 Bt For personal use only ▪ ROM Reserves1: 470 Mt ▪ Marketable Reserves1: 370 Mt ▪ Infrastructure in place – Hunter Tunnel and CHPP ▪ Excellent proximity to port and rail facilities, and access
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$92m) restart capex in place High margin potential - material Fully permitted with MOD8 World class surface infrastructu
Slide 7: World Class Underground Operations
World Class Underground Operations New England Highway Main North Railway Hunter River Mine Surface Facilities For personal use only Blairmore Lane Dartbrook Balloon Loop Western Vent Shaft Hunter Tunnel • Multi-seam reserve – underground seam access already developed to multiple seams • Coal cleara
Slide 8: Substantial Reserves and Resources
Substantial Reserves and Resources AQC has had the following technical JORC Resource Classification Mt reports conducted for Dartbrook: For personal use only • Coal Reserve Estimate for Dartbrook Ore Reserves Project (2018) Proven - • Mining Consultancy Services (2017), Probable 370 Underground Mine
Slide 9: Key Operating Metrics for Dartbrook
Key Operating Metrics for Dartbrook For personal use only Dartbrook Dartbrook Production Summary1 Product Coal Newcastle Premium Standard Quality Benchmark Product Product ROM Ramp up to ~2.7 Mtpa Specific Energy Production 6,000 6,100 5,545 (gross, kcal/kg) NEWC spec coal with potential to produce
Slide 10: Strategically Positioned for Export Market
Strategically Positioned for Export Market Newcastle 6000 CV price1 Significant Dartbrook Resource an opportunity to 500 underpin Asian exports when limited new projects For personal use only 450 are being sanctioned 400 350 300 US$/t ▪ Dartbrook stepping in at the right time - limited 250 200 new s
Slide 11: Substantially De-risked Investment
Substantially De-risked Investment For personal use only Hunter Tunnel Simplified JV Structure 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 - 2024 2025 2026 2027 Forecast Sales Volumes and FOB Costs2 Forecast FOB Cost B
Slide 14: Coal Remains Key to Energy Transition
Coal Remains Key to Energy Transition For personal use only 14
Slide 15: 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 15
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