Quarterly Overview. Quarterly Report for the period ended 30 June 2012

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2 Quarterly Overview The June quarter saw Stanmore Coal make significant progress towards its goal of becoming a major coal producer with the allocation of 5Mtpa of port capacity for The Range project and the introduction of strong funding partners in Sprint Capital of Hong Kong and Credit Suisse. The Company secured $61m of additional funding during the quarter comprising $36m of equity and convertible notes from Sprint Capital raised at an 87.5% premium to the last traded share price as at 28 th June 2012 and a $25m debt facility from Credit Suisse. Sprint Capital is planning to provide substantial additional funds under a co-operation agreement to support Stanmore Coal in the funding of project development and growth by acquisition. Stanmore Coal is one of four coal companies that were selected to execute a Capacity Commitment Deed (CCD) for the Wiggins Island Coal Export Terminal Expansion Phase 1 (WEXP1) which provides it with 5 million tonnes per annum (Mtpa) of port capacity for the Range Project. The signing of CCD s represents a significant commitment by the coal industry to the development of the 32.2Mtpa WEXP1 port facility. Stanmore Coal s proportional share of the early works construction for WEXP1 is $44m which is fully funded by the recent debt and equity raising from Sprint Capital and Credit Suisse. Notification has previously been received from Surat Basin Rail (SBR) that subject to allocation by WICET (now achieved) and continuing satisfaction of the terms and conditions of access to the railway, The Range project has satisfied the due diligence criteria for 5Mtpa capacity allocation. QR National has previously issued an invitation for Stanmore Coal to participate in the Feasibility process for an upgrade to the Moura line that is required to link SBR and WICET. An agreement was entered with Queensland Coal Corporation (QCC) to exchange the Altamondt tenement (EPC 2177) for QCC s EPC s 1274 and 1276 located near Brookfield and Eurombah in the Surat Basin. The new tenements cover a combined area of 1,371km 2, which is more than Stanmore Coal s entire pre-existing tenement area of 1,286km 2 and have an initial defined Exploration Target 2 of Mt. The transaction involved only the exchange of tenements with no additional cash or equity consideration and completion of the swap remains conditional upon Ministerial approval. During the quarter Stanmore Coal completed a Concept Mining Study for the Belview coking coal project based on 3.4Mtpa Run of Mine (ROM) coal produced from a multi-shaft, single longwall operation. The Belview coal resource occurs within the Rangal Coal Measures and contains two seams for potential underground extraction, the Aries seam (2-3m thick) and the Gemini seam (5-6m thick). Operating costs are estimated at A$104/t (excl. royalties) and the capital cost is estimated at A$907m. ASX Code: SMR 1

3 Project Snapshot Project Status The Range North Surat Basin EPC s 1274, 1276 Over 300 holes now drilled Bankable Feasibility Study underway 94 Mt JORC Marketable Reserve 1, 260 Mt Total JORC Resource (184 Mt Indicated + 76Mt Inferred) Capacity Commitment Deed executed with WICET for 5Mtpa capacity and due diligence requirements have been satisfied for both SBR and QRN Moura rail systems Funding to satisfy the required feasibility bid bonds and early works obligations for these key infrastructure projects is now in place Tenements are located adjacent to the 4.5 billion tonne Xstrata Wandoan coal project and close to Stanmore Coal s Range Project Initial Exploration Targets 2 of Mt defined within two key areas A resource definition program is now being planned to define JORC Resources and additional Exploration Targets Belview 95Mt Initial JORC Inferred Resource Mackenzie Tennyson Concept Study completed: 3.4Mtpa ROM production, $907m capital cost and $104/t FOB cost (ex royalty) Primary high quality coking plus secondary low vol PCI products Planning underway to test the additional Exploration Target 2 of Mt 143Mt Total JORC Resource (25.7Mt Indicated Mt Inferred) Test work continues to investigate most likely economic targets within the 27km long project area Drilling, coal quality testing and geological modeling continues with the aim of defining an initial JORC Inferred Resource H2, 2012 Exploration Target 2 of Mt Kerlong Corporate One drill hole has been completed during the quarter Coal quality analysis has commenced Sprint Capital has undertaken to assist with marketing Stanmore s product coal output in China and has agreed to explore other ways to cooperate on future growth opportunities, including supporting the development of the Company s current portfolio, and co-operating on further investment in Queensland ASX Code: SMR 2

4 Project Review The Range Project EPC 1112, 2030 / MLA 55001, 55009, Stanmore Coal 100% ownership Location: Surat Basin 24km south-east of Wandoan Area: 92km 2 JORC Resource: Total of 260 Mt high quality open pit thermal coal (184Mt Indicated + 76 Inferred Resource) JORC Marketable Reserves 1 : 94 Mt (included in the 260Mt Indicated and Inferred Resource noted above) During the quarter Stanmore Coal executed a Capacity Commitment Deed for Wiggins Island Coal Export Terminal Expansion Phase 1 which will provide Stanmore Coal with 5Mtpa of port capacity for the Range Project. The planned capacity for the WEXP1 terminal is 32.2 Mtpa which has been allocated to four coal producers/developers from the Surat and Bowen basins. Each proponent, including Stanmore Coal, has entered into a CCD supported by a bid bond which sets out their intention to meet their proportionate share of WEXP1 s early works costs up to financial close, and upon financial close execute binding take or pay agreements. Stanmore Coal s share of these costs is $44 million, $26 million has been provided at the time of CCD execution while the remaining $18 million is payable later this calendar year in accordance with the WEXP1 financing plan. The $44m bid bond will be converted to an equity interest in the WEXP1 port expansion at financial close. Stanmore Coal retains an additional 2Mtpa of FFFA priority rights which will remain valid for use in the planned WEXP2 expansion which is currently scheduled for completion in late The Prefeasibility study for this expansion is now complete. Rail The Range has satisfied the due diligence requirements for the Surat Basin Rail (SBR) project and has been invited to sign a SBR Capacity Commitment Deed for 5 Mtpa capacity. Similar to WEXP1, this commitment is a precursor to executing an SBR Access Agreement at financial close. QR National (QRN) has completed its due diligence process and The Range is one of three projects that has been invited to participate in the final feasibility phase of the Gladstone Rail Capacity Expansion process. This will involve funding a detailed Feasibility Study into the upgrade of the capacity of the existing QRN Moura line linking the SBR line with the WICET port. ASX Code: SMR 3

5 The Range Locality Plan Other Project Work Work on the Bankable Feasibility Study (BFS) continues with engineering now 95% complete, cost estimation is 50% complete and the study remains on track for completion in late September. The public comment period for the Environmental Impact Statement closes on the 27 th July and staff from the Department of Environment and Resource Management (DERM) have visited the project site. A final study of Strategic Cropping Land (SCL) over The Range project has determined that SCL does not exist within the lease and a SCL validation form has been submitted to DERM. Infill drilling and testing of the first three years of production has been sufficiently completed to allow the calculation of a Measured JORC Resource. Modelling is underway and an updated Reserve statement is expected to be released in the September quarter. Negotiations are well advanced for the selection of an Above Rail Haulage provider, with short listing of providers completed. ASX Code: SMR 4

6 North Surat Basin EPC s 1274, 1276 Stanmore Coal 100% ownership (pending formal transfer) Stanmore Coal entered into an agreement with Queensland Coal Corporation to exchange the Altamondt tenement (EPC 2177) for QCC s EPC s 1274 and 1276 located near Brookfield and Eurombah in the highly prospective Surat Basin. The tenements cover a combined area of 1,371km 2, which is more than Stanmore Coal s entire pre-existing tenement area of 1,286km 2. The transaction involved only the exchange of tenements with no additional cash or equity consideration and completion of the swap remains conditional upon Ministerial approval under the Mineral Resources Act The tenements that Stanmore Coal has agreed to acquire are located adjacent to Xstrata s 4.5 billion tonne Wandoan coal project and near the Elimatta, Collingwood and Taroom deposits. EPC 1276 is located 15 kilometres from the proposed Surat Basin Rail (SBR) line and approximately 35 kilometres from Stanmore Coal s The Range project. Stanmore Coal believes these tenements to be prospective for potential open pit coal deposits with over 5,600Mt of JORC resources defined by others in adjacent areas. A total of 1,242 boreholes have been drilled within a 10km radius of the tenements which has allowed the identification of a number of priority target areas within the tenements, as shown below. Figure 1 Northern Surat Exploration Targets 2 (coal thickness is derived from selected historical drill hole data) ASX Code: SMR 5

7 Previous scout drilling within these target areas has identified significant coal intersections that have the potential to extend up-dip, and planned drilling will test these shallower areas. Within these areas, two initial priority areas contain sufficient drilling for the estimation of an Exploration Target 2 by independent geological consultant Xenith Consulting Pty Ltd as follows. Coal Prospect Grange Liberty Predominant Formation Taroom Coal Measures Taroom Coal Measures Expected Products Export Thermal Coal Export Thermal Coal Area (Ha) Estimated Cumulative Thickness (m) Relative Density (Tonnes/m3) Exploration Target 2 Mt TOTAL With further coal quality data and refinement of the geological models it is expected that it will be possible to define a JORC Resource within each of these areas. Importantly, each of the areas has significant coal intersections at less than 150m depth and will likely be amenable to open pit extraction. A portion of the tenements are trigger mapped as potential Strategic Cropping Land but lie outside of the defined Protection Zones. A detailed study will be commissioned to determine the exact impact upon the key target areas. ASX Code: SMR 6

8 Belview Coking Coal Project EPC 1114 Stanmore Coal 100% ownership Location: 10km south-east of Blackwater Area: 120km 2 JORC Inferred Resource: 95Mt Additional Exploration Target 2 : Mt underground prime coking coal During the June quarter Stanmore Coal completed a Concept Mining Study for the Belview coking coal project based on 3.4Mtpa Run of Mine (ROM) production. The Belview coal resource occurs within the Rangal Coal Measures and contains two seams for potential underground extraction, the Aries seam (2-3m thick) and the Gemini seam (5-6m thick). Stanmore Coal has previously defined an initial JORC Inferred Resource of 95 million tonnes (Mt) in the Gemini seam. The overlying Aries seam is not yet to a JORC resource reporting standard but is included in the additional Exploration Target 2. The study proposes a three shaft, single longwall development that would take five years to fully establish from commencement of shaft sinking. First development coal production is targeted in 2018, with a ramp up to full longwall production from The capital cost 3 for the three shaft development, all services, mine development, longwall equipment, the coal preparation plant, gas drainage and infrastructure is estimated at $907m. Operating cost estimate summary: Operating Costs (real $A per product tonne) Mining (to pit top) $75 CHPP $6 Transport $23 FOB (excl royalty) $104 State Royalty 4 (est) $18 FOB (incl royalty) $122 At an estimated combined yield of 85%, the project will produce annual product coal of 2.9Mtpa. Productivity improvements may be realised through the installation of additional shafts and a second longwall to provide increased hoisting and mining capacity, or via the investigation of top coal caving to mine out the entire 6m Gemini seam. These issues will be examined in future feasibility studies. A significant gas pre-drainage program has been factored into the capital costs and an on-going gas drainage program is included in the operating costs. This study limits coal extraction at Belview to a ASX Code: SMR 7

9 mining window of 560m to 1000m depth and both capital and operating costs make allowance for mitigation of potential engineering issues. Resource depths are shown in the table below. All Seams JORC Inferred (Mt) Additional Exploration Target 2 (Mt) 0 800m m m Total A further exploration program will be conducted at Belview to test the Exploration Target 2 of Mt, extend the Inferred Resource and address core recovery issues encountered in a number of the completed drill holes. Coal quality test work has determined that the Gemini Seam is capable of producing a dual product comprising a high quality hard coking and a low vol PCI coal in a 50:50 product split. Further testing is planned to confirm all coal properties (including coke strength). Summary coal quality results to date are provided below: Coal characteristics - Gemini Seam As received (unless noted) Primary Coking Product Secondary PCI Product Total moisture % Ash % Volatile Matter % Fixed carbon % Crucible swelling number (as tested) Total sulphur % Specific Energy (adb) kcal/kg 7,930 7,625 Specific Energy kcal/kg 7,238 6,953 Clean coal composite results from the Aries seam samples demonstrate the potential to optimise yield by the production of a low sulphur, coking product with CSN s of up to eight and a secondary high energy (6,856kcal/kg air dried) thermal / PCI product. ASX Code: SMR 8

10 The tenement is located 5km from the existing Blackwater line and is one of the closest Bowen Basin coal deposits to the ports of Gladstone. Belview Project Conceptual Layout ASX Code: SMR 9

11 Mackenzie Coking Coal Project EPC 2081 Stanmore Coal 100% ownership Location : 30km west of Blackwater Area: 469km 2 JORC Resource: Total of 143Mt (25.7Mt Indicated Mt Inferred) Work is continuing on alternative processing methods that may improve product ash and recovery. This additional analysis includes optimising pre-treatment methods and extended analysis of the fines fraction with the aim of increasing fines recovery and maximising potential coal yields. ASX Code: SMR 10

12 Tennyson Thermal / Coking Coal Project EPC 1168 Stanmore Coal 100% ownership Location: adjacent to Emerald Area: 120km 2 Exploration Target 2 : Mt underground thermal and potential metallurgical coal Drilling at Tennyson continued during the quarter with the aim of defining an Inferred JORC Resource. A total of 30 days drilling was lost due to wet weather and ground conditions during the quarter. Four holes have been completed to date in this year s drilling program. Holes completed at Tennyson during the quarter are as follows: Hole Start Finish TD Aries Seam Intersections Top Bottom Thick SCT012C 12/04/ /04/ SCT013C 25/04/ /05/ SCT014C 21/05/ /06/ SCT015C 23/06/2012 3/07/ The Aries seam has been sampled in each of these holes, with coal quality results pending. The final hole in this program, SCT016C, is currently nearing completion and is intended to provide sufficient infill information to allow the calculation of an Inferred JORC Resource. A conceptual mining study is planned after the Resource statement is completed. ASX Code: SMR 11

13 Kerlong Coking Coal Project EPCs 1552, 1769 and 2176 Stanmore Coal 100% ownership Location: 19km north-east of Moranbah Area: 41km 2 Target 2 : superior underground PCI/coking coal Stanmore Coal is targeting high quality underground coking/pci coal at the Kerlong Coking Coal Project which is eight kilometres north of the rail line to Dalrymple Bay Coal Terminal. Target seams are extracted in nearby mines including Burton (Peabody), South Walker Creek (BHP Mitsubishi), Carborough Downs (Vale) and Coppabella (Peabody). Camp set-up and drilling of a single hole at Kerlong commenced at the beginning of May. Some delays were incurred due to wet weather and problems with drilling but the total depth of 951.5m was reached on 25 th June. A partial re-drill of the hole was conducted (SCK005C) with the aim of achieving full recovery within certain coal seams that had poor recovery in the initial SCK002C hole. Three target horizons were intersected across both holes and have been tentatively assigned as the Burton Rider 836m), Leichhardt 871m) and Vermont seams 916m). The hole has since been rehabilitated while laboratory analysis of coal samples has commenced. Interim Coal quality results received to date for both holes confirm adequate recovery for inclusion in future JORC compliant reporting. ASX Code: SMR 12

14 New Cambria Project EPCs 1113, 2039, 2371 Stanmore Coal 100% ownership Location: 20km east of Blackwater Area: 123km 2 Target: open pit Yarrabee style low-volatiles PCI coal The New Cambria Project is targeting the up-thrust Rangal Coal Measures which contain low-volatile, low to medium ash PCI coal with open cut mining potential. High energy coal has been mined historically at the adjoining Excel Colliery and the project is located adjacent to the rail line to Gladstone. Following the receipt of initial seismic data from the holder of the overlapping coal seam gas tenure during the quarter, the 48km seismic program that was planned for May has been deferred. Three lines of the five lines that were planned by the gas company across the tenement have been completed and the raw data for these has been passed on to Stanmore. Initial interpretation of the first line has been completed and shows that, while the geological structure across the tenement is complex, there is potential for shallower resources in the eastern portion of the tenement. Iron Pot Creek Project EPCs 1545, 1567 Stanmore Coal 100% ownership Location: 70km north east of Emerald Area: 99km 2 Target: 2 potential targets: Liskeard Seam of Freitag Formation & Blair Athol style Early Permian deposit(s) at the base of the Back Creek Group A 30 station gravity survey was planned and organised with GeoDiscovery. CCAs with landholders were completed for the survey, the contracting company was engaged and personnel were inducted during the quarter. These surveys were originally planned for late July but have been delayed to early August due to wet weather. ASX Code: SMR 13

15 Corporate Capital Raising During the quarter Stanmore Coal executed a subscription and cooperation agreement (the Agreement ) with Greatgroup Investments Limited, an investment vehicle managed by Sprint Capital to secure proceeds totalling $36.04 million. The fund raising will consist of a $27.01 million placement of million shares at $0.675 per share and a $9.03 million placement of zero-coupon notes convertible into million shares at $0.675 per share (the Notes ). The issue and conversion price of $0.675 per share reflect a 46.4% premium to Stanmore Coal s 30 day Volume Weighted Average Price (VWAP) and an 87.5% premium to Stanmore Coal s last traded price of $0.36 as at 28 th June Sprint Capital is a Hong Kong based private equity investment manager, focused on undertaking investments in the mining and natural resources sector. Sprint Capital seeks to invest in resources which are in high demand across China and the wider Asian region (including high grade thermal and metallurgical coal, oil and gas, iron ore, potash and copper). Sprint Capital s investment approach is to partner with strong management teams with a proven track record in bringing highly prospective exploration and development-stage projects through to production. Following completion of the transaction, Sprint Capital will hold shares amounting to 19.99% of the Company s issued share capital, and Notes which on conversion could increase Sprint Capital s shareholding in the Company by up to 5.01%, to an aggregate shareholding of up to 25% based on issued share capital after the current raising. First Tranche Share Placement Initially, Stanmore Coal raised $12.98 million through the first tranche placement of million shares, representing 10.72% of the Company s share capital after the raising. The first tranche issue size was within the Company s existing 15% placement capacity under Chapter 7 of the ASX Listing Rules. Second Tranche Share Placement and Notes Placement Subject to shareholder approval, Stanmore Coal will raise a further $14.03 million through the second tranche placement of million shares, and $9.03 million through the placement of Notes, which will be convertible into million shares. The Notes will have a term of three years, and will be convertible into ordinary shares of the Company 24 months after the date of issue, with conversion rights exercisable by either Sprint Capital or the Company. At the end of the three year term, any Notes not converted by Sprint Capital or the Company will be redeemed for their face value. Anti-Dilution Rights The Agreement also provides that subject to shareholder approval, Sprint Capital will receive antidilution options to subscribe for new shares and Notes. Sprint Capital s anti-dilution rights will trigger on the exercise of a fixed number of board and management options, which are outstanding and in-the-money as of the date of the original announcement and on the exercise (at any time) of the warrants granted pursuant to the $25m executed Credit Suisse debt facility. The anti-dilution ASX Code: SMR 14

16 options, if issued, will be exercisable into ordinary shares at the 60 day VWAP prior to issue. The anti-dilution options will expire coincident with the expiry of the board and management options and CS options, the last of which expire on 27 June Stanmore Coal has also agreed to use its best endeavours to ensure that Sprint Capital has the opportunity to participate pro-rata on any future capital raisings. Shareholder Approval Shareholder approval pursuant to ASX Listing Rule 7.1 will be required for the second tranche share placement, Notes placement and anti-dilution rights, as the Company will have exhausted its 15% placement capacity on completion of the first tranche share placement. In this regard, the Company plans to convene a general meeting of shareholders for this purpose before 30 September Separately, under item 7 of section 611 of the Corporations Act, the Company plans to convene a meeting before 31 December 2012 to allow Sprint Capital to acquire a relevant interest in greater than 20% of the voting shares of the Company, resulting from shares issued on conversion of the Notes. Cooperation Arrangements Stanmore Coal and Sprint Capital have entered into product coal marketing arrangements under which Sprint Capital is appointed as a coal marketing agent with respect to 15% of Stanmore Coal s production. The arrangement will commence on the start of commercial coal production and will remain effective for an initial period of five years. In addition to the marketing agreement, Stanmore Coal and Sprint Capital have also agreed to explore opportunities to cooperate on future growth opportunities including the funding and support of acquisitions, the development of infrastructure and the arrangement of take or pay guarantees. Director Appointment Under the terms of the Agreement, Sprint Capital has nominated Mr Chris McAuliffe for appointment to the Board of the Company and he was appointed on 17 July Mr McAuliffe is co founder and Managing Director of Sprint Capital, and has more than 20 years experience in private equity and investment banking with significant relationships across Asia. Prior to co founding Sprint Capital in 2008, Mr McAuliffe was a Managing Director and co head of Asia Pacific Industrials Group at Citigroup in Hong Kong, prior to which he was a Managing Director and head of Asia Industrials and Services Group at Credit Suisse in Singapore. Debt Facility In conjunction with the $36m share and convertible note placement to Sprint Capital the company also entered into a $25m bank guarantee and senior debt facility with Credit Suisse AG ( CS Debt Facility ). Together the Sprint Capital share and convertible note placement and CS Debt Facility enable Stanmore to meet its capacity commitment obligations associated with WICET, SBR and the QRN Moura system. The CS Debt Facility is secured against all of Stanmore s assets and matures in two years. Stanmore Coal has the option to extend for a further year. As part of the total cost of the facility, the company is required to issue Credit Suisse ( CS ) 11.7 million options at an exercise price of $0.52 (a 20% ASX Code: SMR 15

17 premium to the 20 day trailing VWAP as at 28 th June 2012). The issue of these securities is subject to shareholder approval. Should shareholder approval not be obtained, the options will be cash settled. The combined funds from Sprint Capital and the resized debt facility are sufficient to fund the company s bid bond and equity contributions associated with the Wiggins Island Coal Export Terminal (WICET) and Surat Basin Rail Capacity Commitment Deeds. EPC Applications Project Tenement Number Tenement Name Date of Application Type Brown River EPCA 1546 Brown River 7/08/2008 Primary EPCA 2520 Brown River East 3/5/2011 Primary Carnarvon EPCA 1630 Carnarvon 28/10/2008 Secondary Mining Lease Applications Project Tenement Number Tenement Name Date of Application Status The Range MLA MLA MLA The Range TR Transport Corridor TR Transport Corridor 3/11/ /1/ /1/2012 EIS advised ASX Code: SMR 16

18 Contacts For further information, please contact: Mr Nick Jorss Managing Director Mr Andrew Barber Investor Relations Manager Competent Persons Statement The information in this report relating to exploration results and coal resources is based on information compiled by Mr Wes Nichols who is a member of the Australasian Institute of Mining and Metallurgy and is a full time employee of Stanmore Coal. Mr Nichols is a qualified geologist and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as Competent Person as defined in the 2004 Edition of the JORC Code. Mr Nichols consents to the inclusion in this document of the matters based on the information, in the form and context in which it appears. The information in this report relating to coal reserves is based on information compiled by Mr Richard Hoskings who is a member of Minserve Pty Ltd. Mr Hoskings is a mining engineer, a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has the relevant experience (30+ years) in relation to the mineralisation being reported to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code 2004 Edition). Mr Hoskings consents to the inclusion in the report of the matters based on the information, in the form and context in which it appears. Note 1: Marketable Reserves Note The Marketable Coal Reserves of 94Mt is derived from a JORC compliant run of mine (ROM) Coal Reserve of 117.5Mt based on a 14.8% ash product and predicted yield of 80%. The 94Mt Marketable Reserve is included in the 260Mt total JORC Resource (184Mt Indicated + 76Mt Inferred Resource) Note 2: Exploration Target Note All statements as to exploration targets of Stanmore Coal and statements as to potential quality and grade are conceptual in nature. There has been insufficient exploration undertaken to date to define a coal resource and identification of a resource will be totally dependent on the outcome of further exploration. Any statement contained in this report as to exploration results or exploration targets has been made consistent with the requirements of the Australasian code for reporting of exploration results, mineral resources and ore reserves (JORC Code). Note 3: Capital cost estimate for Belview is to a concept study level estimate (-25% / +40%) Note 4: State Royalty for Belview based on an average USD 190 coal price and AUD/USD rate of 0.85 About Stanmore Coal Limited (ASX code: SMR) Stanmore Coal is a growth focused, coal exploration and development company with a number of prospective coal projects and exploration areas within Queensland s Bowen and Surat Basins. Stanmore Coal is focused on the creation of shareholder value via the identification and development of coal deposits, with a focus on the prime coal bearing regions of the east coast of Australia. Stanmore Coal holds 100% interests in its coal project areas which cover over 2,700 km 2. These projects include significant deposits of open pit coking and thermal coal and are typically well located for export infrastructure. Stanmore Coal Limited ACN Phone: +61 (7) Fax: +61 (7) info@stanmorecoal.com.au Web: Street address: Level 11, 10 Market Street, Brisbane QLD 4000 Postal address: GPO Box 2602, Brisbane QLD 4001 ASX Code: SMR 17