Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Investor Presentation (August 2012)
18 slides from Stanmore Resources's investor presentation, August 2012
Slide 1: Investor Update
Investor Update Nick Jorss – Managing Director August 2012
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: Stanmore Coal Overview
Stanmore Coal Overview Key Metrics ASX Code SMR Shares on issue 179.4m (1) Current share price A$0.35 Market Capitalisation A$63m (2) Cash Position A$23.9m (2) Debt A$4.0 94Mt Marketable Reserves(3) 498Mt total Resources (209.7Mt Indicated Resource + 288.5Mt Inferred Resource) 615 – 900Mt addi
Slide 4: Strong Board and Management Team
Strong Board and Management Team NEVILLE SNEDDON NICK JORSS STEPHEN BIZZELL VIV FORBES ANDREW MARTIN Managing Director Director Director Chairman Director Mining engineer with 37 20 years in engineering, Extensive experience in Over 40 years of Bowen Basin 15+ years in investment banking, years expe
Slide 5: Agreements with Sprint Capital and Credit Suisse
Agreements with Sprint Capital and Credit Suisse Key amounts $27m placement of 40m shares at 67.5cps Post deal share distribution (prior to note conversion) $9m for 13.4m convertible notes Board and mgmt Placement price is 87.5% premium to prior share price Retail, private 21% and other Chri
Slide 6: The Range Project – Surat Basin
The Range Project – Surat Basin Asset Overview 100% owned 5Mtpa opencut export thermal coal mine over 26 years PFS owner mining costs are: ─ $39/t FOR cash cost (ex royalty), lower strip ratio and costs in early years ─ $72/t FOB cash cost (ex royalty) Capital cost $407M contract mining, $505M
Slide 7: Key Infrastructure Allocation
Key Infrastructure Allocation +$280m Coal Industry Commitment to WEXP1 WICET Expansion Phase 1 (WEXP1) Capacity Commitment Deeds (CCD’s) executed for 5Mtpa allocation in WEXP1 $44m early works funding, $26m lodged with CCD’s, remaining $18m due late 2012 SMR retains a further 2Mtpa of FFFA pri
Slide 8: The Range Project – Gaining Momentum
The Range Project Gaining Momentum Strong financial partner for project development Infrastructure solution established Bankable Feasibility due 2H, 2012 ML grant expected 1H, 2013 Surrounding projects to support regional development “Wandoan a new hub of the Basin” Xstrata Coal Queensland
Slide 9: Building a Surat Basin Portfolio EPC's 1274/76
Building a Surat Basin Portfolio EPC’s 1274/76 100% owned (pending Ministerial approval) Potential for export quality thermal coal within 1371km2 tenements Adjacent to 4.5 billion tonne Wandoan project 130-195 Mt initial Exploration Target1 defined at two locations Multiple additional prospe
Slide 10: Development and Exploration Projects
Development and Exploration Projects 9
Slide 11: Development Projects – Belview Overview
Development Projects Belview Overview 100% owned 95Mt initial JORC Inferred Resource (Gemini seam only) Exploration Target(1) of 205 – 345Mt(2), Concept mining study ─ multi-shaft access, long-wall mine ─ FOB of $104/t (ex-royalties) ─ capex of $907m 6m+ Gemini Seam from 560m depth − Primary
Slide 12: Development Projects – Mackenzie Overview
Development Projects Mackenzie Overview Bowen Basin – 100% owned Open cut coal deposit with coking properties ─ 27km strike with coal from 10m depth ─ 143Mt JORC Resource (25.7Mt Indicated, 117.5Mt Inferred) ─ Two main seams (Leo and Aquarius) ─ Yield varies from 11 - 71% (average yield 26%) ─ Tar
Slide 13: Exploration Projects – Tennyson Overview
Exploration Projects Tennyson Overview 100% owned Underground coking and export thermal coal targets Exploration Target(1) of 220 – 290Mt 2012 drilling program completed Initial JORC Inferred Resource in H2 2012 Depth from 150m Drill results include: − 2.85m Aries Seam (Rangals) − 5.1m C
Slide 14: Exploration Projects – Kerlong Overview
Exploration Projects Kerlong Overview 100% owned Targeting high quality, underground coking and PCI coal Exploration program commenced, one hole completed Target seams intersected including: − Burton Rider − Leichardt − Vermont Coal quality results pending 4km north of rail line to Dalrymp
Slide 15: Exploration Projects – New Cambria Overview
Exploration Projects New Cambria Overview 100% owned Potential for low-volatile, high energy, low to medium ash, open cut PCI coal within Rangal Coal Measures Seismic data received from CSG company, SMR planned program now deferred Drill targets will be defined upon receipt and interpretation
Slide 16: The Path to Production
The Path to Production $61m total capital raising funds port and rail bonds and early works commitments Equity raised at a significant premium to current market pricing WICET and rail allocation confirms an infrastructure solution that connects The Range to export markets The Range Bankable
Slide 17: Supplementary Slides
stanmorecoal Supplementary Te Len ae, Slides é,, "* ~ oh ‘
Slide 18: Reserves, Resources and Exploration Targets
Reserves, Resources and Exploration Targets JORC Marketable JORC Recoverable JORC Indicated JORC Inferred Additional Exploration Project Coal Reserve (1) (2) Coal Reserve (1) (2) Resource (1) Resource (1) Target (3) Low High 76 The Range Thermal 94.2 117.5 184 60 70 Mackenzie Coking - - 25.7 117.5 -