Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Coalworks — Investor Presentation (November 2010)
26 slides from Whitehaven Coal's investor presentation, November 2010
Slide 1: Coalworks Coking, Thermal & CTL Coal Projects
Coalworks Coking, Thermal & CTL Coal Projects INVESTOR PRESENTATION November 2010
Slide 2: Disclaimer
DISCLAIMER The information in this presentation does not purport to contain all the information that may be required to evaluate the prospects of Coalworks and in particular only discloses material information within the knowledge of Coalworks. You should seek independent professional advice in rela
Slide 3: Executive Summary
EXECUTIVE SUMMARY Corporate • ~103.8M Shares on Issue; Current Share Price ~$0.50; Market Cap ~$50M • Cash at end Sep 2010 ~ $7M* • Top 20 holding – 60% • Current CWK shareholder split: CWK share price performance (6 months) Institutions - 25% Retail - 60% Board/ Management - 15% Coalworks key proje
Slide 4: Coalworks Directors & Management
COALWORKS DIRECTORS & MANAGEMENT Wayne Mitchell AASA, AAIM (Appointed Chairman November 2007) Mr Mitchell is a qualified accountant with over 30 years extensive senior management experience in the natural resource sector, both in Australia and in South East Asia. Dr Andrew Firek M. Sc., Ph.D., FAusI
Slide 5: Coalworks Management
COALWORKS MANAGEMENT Mr Geoff Kidd– Operation Manager Mr Kidd has over 30 years experience in hands-on roles designing & building new mines & driving technological and operational efficiencies in new mine development and managing coal projects. Mr Chris Burgess – Area Manager Mr Burgess has 30 years
Slide 6: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 6
Slide 7: Vickery South Location
VICKERY SOUTH LOCATION 240000 m 250000 m 270000 m * 240000 m 210000 m 220000 m 6610000 m 6620000 m 6630000 m ‘6600000 m Vickery South Coalworks Vickery South ‘Surrounding_Tenements ‘COMPANY ASTON COAL 2 PTY LTD VE BOGGABRI COAL PTY LIMITED. \ ES] COALWoRKs (vickERY SOUTH) PTY LTD DIRECTOR GENERAL NS
Slide 8: Vickery South Key Highlights
VICKERY SOUTH Key Highlights • The Vickery South coal deposit is located in the Gunnedah region of western NSW, Australia, adjacent to the Whitehaven Coal (ASX: WHC) projects and 25 kilometres from the Aston Resources (ASX: AZT) Maules Creek project. • 42M tonnes of inferred JORC compliant resource.
Slide 9: Vickery South - Pre Feasibility Study Results
VICKERY SOUTH - PRE FEASIBILITY STUDY RESULTS Released November 2010 • Produces a range of positive NPVs of between A$141M-A$341M assuming an 8-10% discount rate with a production level of between 2-3Mtpa Other key highlights: • Open cut operation over multi seam coal deposits • 18 year mine life •
Slide 10: Vickery South Summary of Resources and Average Quality
VICKERY SOUTH SUMMARY OF RESOURCES AND AVERAGE QUALITY Gross Average Volatile Total Crucible Raw Ash Calorific Seam RD Mass (Mt) Thickness Matter Sulphur Swelling (%ad) Value (m) (%ad) (%ad) Number (Kcal/kg) Gundawarra 1.36 5.6 1.22 7.2 32.1 0.32 7082 1 Welkeree 1.35 2.8 0.62 9 33.3 0.52 7206 2½ Sha
Slide 11: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT From Vickery South Pre-feasibility Study (July 2010) by Minarco-MineConsult 11
Slide 12: Vickery South Coal Handling and Transport
VICKERY SOUTH COAL HANDLING AND TRANSPORT 12
Slide 13: Vickery South Development Timetable
VICKERY SOUTH DEVELOPMENT TIMETABLE 13
Slide 14: The Ferndale Coal Project
WN) THE FERNDALE COAL PROJECT (VICKERY SOUTH ]|\) \ ‘3 Sc S28 ~e (FERNDALE Hs re Melbourne / COALWORKS Limited
Slide 15: Ferndale Tenement Location
FERNDALE TENEMENT LOCATION 15
Slide 16: Planned and Historic Drill Holes Map
PLANNED AND HISTORIC DRILL HOLES MAP Based on initial drilling, the Newcastle and Upper - Middle Wittingham coal measures are present, and the following key seams are evident: 16
Slide 17: The Ferndale Coal Project
THE FERNDALE COAL PROJECT • CWK has completed 5 from 7 drill holes in the initial program • Multiple seams have been intersected in both the Newcastle coal measures and upper and middle Wittingham coal measures. The current exploration targets are: • Newcastle coal measures – exploration target rang
Slide 18: Ferndale Geological Model
FERNDALE GEOLOGICAL MODEL 18
Slide 19: Ferndale Development Timetable
FERNDALE DEVELOPMENT TIMETABLE 19
Slide 20: Oaklands North Site Location
OAKLANDS NORTH SITE LOCATION 20
Slide 21: Oaklands North Coal Resource
OAKLANDS NORTH COAL RESOURCE Oaklands North’s resource has almost TRIPLED since June 2008 Present Oaklands North Resource Measured: 121Mte Indicated: 572 Mte Inferred: 129 Mte Total Resource: 822 Mte • Measured resource drilling program completed in Northern portion • Southern Measured resource pend
Slide 22: Coalworks and Synthesis Energy
COALWORKS AND SYNTHESIS ENERGY • In December 2009, CWK and Synthesis Energy Inc (SES), a NASDAQ listed company, entered into a strategic alliance to utilise the SES proprietary U-GAS gasification technology at Oaklands. • A 21,000bbl/day plant base case is under consideration and a feasibility study
Slide 23: Oaklands Development Timetable
OAKLANDS DEVELOPMENT TIMETABLE 23
Slide 24: Orpheus Energy – Providing Additional Value to Shareholders
ORPHEUS ENERGY – PROVIDING ADDITIONAL VALUE TO SHAREHOLDERS Orpheus Energy * to be spun-off from CWK in early 2011 • CWK shareholders to receive an in-specie distribution (~50% of CWK’s shareholding in Orpheus will be distributed to CWK shareholders) • Anticipated that Orpheus will be listed on the
Slide 25: Investment Highlights
INVESTMENT HIGHLIGHTS • Vickery and Ferndale – company making projects located close to infrastructure and producing mines • Recent positive Vickery South PFS and Itochu as JV partner further adds to the attractiveness of the project. Mine construction to commence in 2011 • Access to other coal oppo
Slide 26: Enquiry and Contacts
ENQUIRY AND CONTACTS Andrew Firek(CEO/ Managing Director) Geoff Kidd (Operations Manager) Coalworks Limited Level 5, 44 Miller Street North Sydney NSW Australia 2060 Ph: +61 2 9922 1344 Fax: +61 2 9922 4288 Email: [email protected] Website: www.coalworks.com.au 26