Company News

Appendix 3B

The company has issued 3,306,085 Ordinary Shares as a result of the shareholders’ elections to participate in the Company’s Dividend
Reinvestment Plan for the Interim FY19 Dividend paid on 30 April 2019.

The following is a reconciliation of quoted and unquoted securities since the release of the last Appendix 3B on 23 November 2018.

Appendix 3A.1

  18 January 2019 original notice

  12 February 2019 update

  11 April 2019 update

Reason for update:
DRP (Dividend Reinvestment Plan) now priced at $1.0751

Consecutive quarterly records in production and sales

• Record saleable coal production of 691kt (annualised rate of 2.7Mt) in the March quarter

• Record coal sales of 740kt in the March quarter

• Strong cash generation from operations with Net Cash up from $9.6m (31 Dec 2018) to $58.4m (31 Mar 2019)

• Dragline fully operational in Isaac Plains East with minimal wet weather impacts

• Excavator and truck performance ahead of plan resulting in slightly higher costs

• Full Year production guidance lifted to 2.3Mt product

• Full Year Underlying EBITDA guidance maintained at $140m to $155m, as DBCT shipping queues expected to build in June Quarter

• Full Year Underlying FOB cost guidance of $88/t, ex. state royalties

• An interim fully franked dividend declared during the quarter of 3cps payable on 30 April 2019

• June quarter semi-soft coking coal benchmark (forward looking) set at US$126.5/tonne, with the March quarter (index-linked, backward looking) benchmark set at US$130/tonne