South Gobi and Indomet Coal Asset Strategic Overview

◉ OVERVIEW FY 2017 REPORT CARD Restructured balance sheet • Successfully replaced short term debt through the issue of 5-year interest only EuroClear traded bonds Restructured Board and Management Team Increased capability to deliver Rationalised and reduced corporate overheads Recommenced mining operations in Mongolia ⚫ Secured Kingho 5.5 year contract for ~7.5Mt of sales linked to seabourne indices underpinning restart Already shipped just under 100kt to date Blair Athol Thermal Coal Mine in Australia . e Executed agreements to secure the A$1 acquisition of Blair Athol (BA) thermal coal mine in Bowen Basin Secured State Indicative Approval from DNRM Minister and satisfied Conditions to facilitate Mining Lease transfer in April 2017 Mobilisation to commence by end April 2017 with BA mining and rehabilitation to recommence in June 2017 and first cargo assembled in late June 2017 TERRACOM 3

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