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Investor Presentaiton

Aquila Resources EAGLE DOWNS HARD COKING COAL PROJECT For personal use only L Mining & Processing Longwall mining is the preferred method of high production underground coal extraction ✰ Proposed 1200tph CHPP to utilise a standard washing process (screens, dense media cyclones, spirals, flotation) and produce a single hard coking coal product Rail & Port An expression of interest was lodged for the Stage 2 expansion of the Wiggins Island Coal Export Terminal with availability between 2015 and 2016 In the queue for the next expansion of the Dalrymple Bay Coal Terminal with availability expected in 2017 Marketing Large sample testing underway with marketing program to commence soon Capital costs A$1,254m for a single longwall Operating costs Cash cost of A$94/tonne FOB (exc. royalties) 2011/12 Objectives Secure rail and port capacity Review tenders for project work packages 14
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