Chairman's Address to Shareholders
On behalf of the Directors, I am pleased to present to shareholders a record operational performance for Stanmore Coal in the 2019 financial year, which led to record financial outcomes for both the Company and our shareholders.
The team at Stanmore Coal delivered an outstanding performance at our operations during FY19 and the highlight has been the safe and successful transition from the original Isaac Plains mine to Isaac Plains East in December 2018. Favourable geological conditions and lower strip ratios at the new mine, which commenced operation in August 2018, helped us to achieve an improved mix of coking and thermal coals, reduced production costs and increased sales prices and margins.
Highlanders make a splash
Kids from the Moranbah Highlanders Swim Club took to the pool earlier this month to compete in a regional swim meet at the Greg Cruickshank Aquatic Centre, thanks to support from Stanmore Coal.
Stanmore was pleased to donate $1,000 to the Highlanders to help subsidise the club’s Under 8 membership fees. This meant 25 kids received a $40 discount on their annual membership.
Wilsons Rapid Insights Conference Presentation
Stanmore Coal Limited participated in the Wilsons Rapid Insights Conference on Thursday, 21 November 2019.
Stanmore Coal is pleased to announce the appointment of Mr Marcelo Matos as a non-executive director, effective 27 November 2019.
Mr Matos is a nominee Director of Stanmore’s second largest shareholders Mr Matt Latimore and M Resources Pty Limited, which have a combined 19.86% interest in the company.
Investor Roadshow Presentation
Roadshow Presentation 7 & 8 November 2019, Sydney
continuing strong operational performance and run rates pushing infrastructure capacities
disciplined near term and mid term growth options are key elements of our strategy
the combined effect gives returns
resources and reserves
Ceasing to be a substantial holder
Notice of ceasing to be a substantial holder: 22 October 2019, Paradice Investment Management Pty Ltd
New issue announcement
Appendix 3B - new issue announcement
(Issue of FY20 Rights)
All company announcements can be found on the ASX website at www.asx.com.au.