Bathurst Resources : Appendix 4D

About this update from Bathurst Resources Ltd

BATHURST RESOURCES LIMITED Level 12 1 Willeston Street Wellington 6011 New Zealand Tel: +64 4 499 6830 ASX Code: BRL WEBSITE & EMAIL www.bathurst.co.nz E: [email protected] CHIEF EXECUTIVE OFFICER Richard Tacon DIRECTORS Toko Kapea - Chairman Richard Tacon - Executive Director Peter Westerhuis - Non Executive Director Russell Middleton - Executive Director COMPANY SECRETARY Bill Lyne [email protected] INVESTOR RELATIONS E: [email protected] MEDIA RELATIONS E: [email protected] Appendix 4D Results for announcement to the market Key information 6 months to 6 months to 31 December 31 December Sales revenue and other income ($'000) Profit from ordinary activities after tax ($'000) Profit/(loss) after tax ($'000) Basic earnings/(loss) per share (cents) Diluted earnings/(loss) per share (cents) Net tangible assets per share (cents) 2018 28,482 25,391 25,391 2017 change 24,727 15% 19,692 29% (12,429) 304% 1.61 1.41 6.14 (0.97) 266% (0.97) 245% 3.43 79% % There were no interim dividends paid or declared in respect of the six-month period ended 31 December 2018. This announcement should be read in conjunction with the reviewed financial statements for the six months ended 31 December 2018. The difference between profit from ordinary activities after tax and loss after tax for the six months to 31 December 2017 equals the fair value movement on derivatives and borrowings. Included in Bathurst's results noted above for the six months to 31 December 2018 is $24.0m profit after tax relating to Bathurst's 65% share of equity accounted profit in BT Mining Limited ($22.3m for 31 December 2017). The auditor's review report contains an emphasis of matter paragraph. This draws reader's attention to note 12 in the interim financial statements regarding the legal proceedings brought against Bathurst by L&M Coal Holdings Limited. The review opinion was not modified in respect of this matter.

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