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Investor Presentaiton

(US$ / MT) 140 120 100 Average Selling Price (ASP) 00 80 57.6 60 40 20 0 2Q21 * 101.0 1Q22 65.9 127.9 2Q22B 2Q22 2Q22 ASP of US$ 127.9/MT was significantly higher than the Budget and 1Q22 due to market prices continuing to strengthen. Forecasts by Wood Mackenzie as per July 2022 were for market prices to remain strong, at an average of around US$ 367.7/MT for the remainder of 2022. We anticipate that the current spot market will trade lower, however we will continue to benefit from strong market prices throughout 2022. ASP includes coal and non-coal sales Note: B stands for Budget Figure ASP continued to increase significantly in 2022 16
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