Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Surat Basin Coal and Energy Conference (May 2011)
22 slides from Stanmore Resources's conference presentation, May 12, 2011
Slide 1: Surat Basin Coal and Energy Conference: The Range Project – Driving into Production
For personal use only Surat Basin Coal and Energy Conference The Range Project – Driving into Production May 2011
Slide 2: Important information
Important information For personal use only 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 dire
Slide 3: Stanmore Coal overview
Stanmore Coal overview For personal use only • Coal exploration and development company • All projects 100% owned • 318 Mt JORC Inferred Resource with drilling underway to upgrade classification • First coal production target by 2015 • Portfolio of coking, thermal and PCI coal targets in prime coal
Slide 4: Stanmore Coal ownership status
Stanmore Coal ownership status For personal use only Key Metrics ASX Code SMR Shares on issue 124m Retail, Private Current share price1 A$1.21 and Other Board and 46% Mgmt Market Capitalisation A$150m 33% Cash Position2 A$23.7m (no debt) Shareholders St Lucia Resources 25.4% Comet Vendors Stephen Bi
Slide 5: Strong Board and Management Team
Strong Board and Management Team For personal use only NEVILLE SNEDDON NICK JORSS STEPHEN BIZZELL VIV FORBES Chairman Managing Director Director Director Mining engineer with 37 years experience 20 years in engineering, project Extensive experience in commercialising Over 40 years of Bowen Basin coa
Slide 6: The Range overview: Surat Basin – 100% owned
The Range Project overview For personal use only Surat Basin – 100% owned • Export quality thermal coal • 219 Mt JORC Inferred Resource • Open pit mine planned producing 5Mtpa of high energy thermal coal from 1H 2015 • Conceptual mining study completed • NPV of A$298m at US $95/t1 • NPV of A$532m at
Slide 7: The Range – export thermal coal
The Range Project – export thermal coal For personal use only Key coal parameters • Taroom Coal Measures: • Auburn Seam Product Quality 10% ash 12% ash option • Bulwer Seam (adb) option • Condamine Seam Energy • Coal depth: 9m–100m; and continues at depth • Average weathering depth of 14m kcal/kg 6,
Slide 8: The Range drilling update
The Range Project drilling update For personal use only Infill drilling recommenced following wet season • 28 hole program to obtain Indicated Resources around 40% complete • Results are generally as anticipated • Recent drilling results support the potential for selective bypass of the washplant •
Slide 9: The Range conceptual mining study results
The Range Project – conceptual mining study results For personal use only Cost estimates Opportunity for FOB Reduction Owner/ Contract • Bypass coal – clean coal which does not 12% Product Operator Mining require washing. Recent drilling results Ash Case Option Option support this including: Develop
Slide 10: The Range mining plans
The Range Project mining plans For personal use only • 18 year mine life - twin pits • Coal mining with excavators, wheel loaders and trucks • Overburden and interburden removed by truck and shovel and where possible bulk dozer push to minimise costs • Two options for Coal Handling and Prep Plant (C
Slide 11: The Range site layout
The Range Project site layout For personal use only 11
Slide 12: The Range Conceptual Mining Study key metrics
The Range Project – Conceptual Mining Study key metrics For personal use only Plant Yield ROM Strip Ratio 80% 7.4 64% 68% 69% 68% 68% 67% 8.0 6.6 6.5 6.6 6.6 63% 63% 6.1 5.6 5.6 60% 6.0 40% 4.0 20% 2.0 0% ‐ 2015 2016 2017 2018 2019 2020 2021 LOM 2015 2016 2017 2018 2019 2020 2021 LOM FOB Cost1 $77.8
Slide 13: Site infrastructure
The Range Project Site infrastructure For personal use only Power Water Accommodation Coal Transport • 10 – 15 MW required • ~3000 ML pa • 420 employees Corridor requirement (production) • Western route to SBR • Discussions commenced with Ergon Supply Options: • Mixture of local housing • Conveyor o
Slide 14: Environmental work underway
Environmental work underway For personal use only • EIS Terms of Reference (ToR) and Initial Advice Statement (IAS) have been issued • EPBC Referral to Federal Government completed • EIS studies commenced and include: • Soil and landform assessment • Hazard and risk • Ground water monitoring • Visua
Slide 15: The Range – land access
The Range Project – land access For personal use only • Initial property acquisition made • Initial key property acquired • Payments staged over a number of years • Discussions ongoing with other key land owners • Discussion commenced with other potential impacted land owners (eg transport corridor)
Slide 16: The Range – community: Stanmore philosophy
The Range Project – community For personal use only Stanmore Philosophy • We place a high priority on fostering a sense of community • We take seriously our social responsibilities that come with being a part of the community • We aim to engage with the local community in an open manner and be known
Slide 17: The Range – community: how we are achieving this
The Range Project – community For personal use only How We Are Achieving This • Speaking directly (and being approachable) with local landholders, community organisations and local council about our plans and how to minimise any impacts • Respond to feedback received during the EIS process • Establi
Slide 18: The Range – first coal targeted for Q1 2015
The Range Project – first coal targeted for Q1 2015 For personal use only The Range 2011 2012 2013 2014 2015 Indicative Development Plan Year 2 Year 3 Year 4 Year 5 Year 6 Item Activity Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun 1 ML/EA application 2 EIS 3 Notifications
Slide 19: Infrastructure for Mackenzie and The Range Projects
Infrastructure for Mackenzie and The Range Projects For personal use only Rail Port Mackenzie (2 Mtpa) • Participating in Wiggins Island Coal • Existing Queensland Rail Blackwater Terminal (WICET) Gladstone – Stage II line to Gladstone planned expansion (2015) • Upgrade planned in line with WICET 31
Slide 20: Mackenzie Project
Mackenzie Project Target production 1H 2015 For personal use only Bowen Basin – 100% owned • Open pit coking coal over 25 km of strike • Currently 99 Mt JORC Inferred Resource • Located on existing railway line to coal ports at Gladstone Currently drilling with two rigs • 26 hole program to upgrade
Slide 21: Mackenzie – path to production
Mackenzie – path to production For personal use only Mackenzie: 2011 2012 2013 2014 2015 Indicative Development Plan * Year 2 Year 3 Year 4 Year 5 Year 6 Item Activity Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep 1 ML/EA application 2 EIS 3 Notification & approvals pro
Slide 22: Current Inferred Resource and exploration targets
Current Inferred Resource and exploration targets For personal use only JORC Inferred Resource Project Exploration Target (2) (1) Low High Mackenzie Coking 99 70 80 The Range Thermal 219 Tennyson Thermal/Coking 220 290 Totals 318 290 370 Additional Exploration Projects Belview Coking TBC Kerlong Cok
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