Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Coalworks — Gunnedah Coal & Energy Conference 2011
40 slides from Whitehaven Coal's conference presentation, Mar 29, 2011
Slide 1: Presentation to the Gunnedah Coal & Energy Conference
VICKERY SOUTH COKING & THERMAL COAL PROJECT PRESENTATION TO THE GUNNEDAH COAL & ENERGY CONFERENCE 29 March 2011 1
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: Vickery South Coking & Thermal Coal Project - Location
VICKERY SOUTH COKING & THERMAL COAL PROJECT - LOCATION 3
Slide 4: Vickery South Coking & Thermal Coal Project - Location
VICKERY SOUTH COKING & THERMAL COAL PROJECT - LOCATION 4
Slide 5: Joint Venture
VICKERY SOUTH COKING & THERMAL COAL PROJECT VICKERY SOUTH JOINT VENTURE The Joint Venturers are: • Coalworks (Vickery South) Pty Ltd a wholly owned subsidiary of Coalworks Limited. • ICRA Vickery Pty Ltd, part of the major coal and commodities trading group, Itochu Corporation. Vickery South Operati
Slide 6: Key Milestones
VICKERY SOUTH COKING & THERMAL COAL PROJECT KEY MILESTONES • Late 2009 – CWK won the Vickery South EL as part of the NSW Government competitive tendering process. • Early 2010 – Stage 1 Exploration drilling commenced. • Early 2010 – Joint Venture farm-in signed with ITOCHU. • Mid 2010 – Entered into
Slide 7: Key Milestones (Continued)
VICKERY SOUTH COKING & THERMAL COAL PROJECT KEY MILESTONES (Continued) • Mid 2010 – Open Pit Mine designed. • Mid 2010 – Production target identified as 2 - 3 Mtpa ROM. • Mid 2010 – 42 M te inferred resource established with strong potential for additional tonnage to be defined in the Stage 2 Explor
Slide 8: Key Milestones (Continued)
VICKERY SOUTH COKING & THERMAL COAL PROJECT KEY MILESTONES (Continued) • February 2011 – 51 M te inferred resource announced. • March 2011 – PFS Review being undertaken. • Present – BFS & Environmental Assessment is underway. • July/Aug 2011 – Participate in the PWCS 2011 round of Port Capacity Allo
Slide 9: Deposit geology and seams
VICKERY SOUTH COKING & THERMAL COAL PROJECT The deposit lies immediately to the east of the Boggabri Ridge and is part of the Maules Creek Sub-Basin, with all seams in the Maules Creek Formation being present as below: • Gundawarra Seam • Welkeree Seam • Shannon Harbour Upper • Shannon Harbour Lower
Slide 10: Coal Quality
VICKERY SOUTH COKING & THERMAL COAL PROJECT COAL QUALITY • Vickery South is a multi Seam coal deposit suited to truck & shovel open cut extraction with a JORC Code compliant resource of 51 M te. • 85% yield based on washing all coal, with a split of 84% SSCC & 16% of premium thermal coal. • Product
Slide 11: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 11
Slide 12: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 12
Slide 13: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 13
Slide 14: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 14
Slide 15: Vickery South Pre-feasibility Study
VICKERY SOUTH COKING & THERMAL COAL PROJECT From Vickery South Pre-feasibility Study (July 2010) by Minarco-MineConsult 15
Slide 16: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 16
Slide 17: Approximate Location of Vickery South
VICKERY SOUTH COKING & THERMAL COAL PROJECT Approximate Location of Vickery South on the Eastern side of the Boggabri Ridge 17
Slide 18: EL7407 Stage 1 programme
VICKERY SOUTH COKING & THERMAL COAL PROJECT • EL7407 – 72 hectares – 21km NNW of Gunnedah; 15km SE of Boggabri • Stage 1 programme completed December 2009 - April 2010 – 15 drill holes • 11 open percussion holes • 4 cored holes • 1667m total • Depth range: 23-200m – 13 holes geo-physically logged –
Slide 19: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 19
Slide 20: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 20
Slide 21: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 21
Slide 22: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 22
Slide 23: Vickery South Coking & Thermal Coal Project
VICKERY SOUTH COKING & THERMAL COAL PROJECT 23
Slide 24: Development Timetable
VICKERY SOUTH DEVELOPMENT TIMETABLE 24
Slide 25: Vickery South Coal Thickness (Ply Model)
VICKERY SOUTH COKING & THERMAL COAL PROJECT Vickery South Coal Thickness (Ply Model) 0% 100% 4% 90% 80% 21% Percentage Total Coal (IS tonnes ad) 70% 60% 50% 28% 40% 30% 26% 20% 10% 19% 0% 2% 0% 0.01 - 0.3 0.3 - 0.5 0.5 - 0.75 0.75 - 1 1 - 1.5 1.5 - 2 2 -3 3-5 Coal Thickness Ranges (m) From Vickery S
Slide 26: Groups Involved in the BFS Work
VICKERY SOUTH COKING & THERMAL COAL PROJECT GROUPS INVOLVED IN THE BFS WORK • Runge/Minarco-MineConsult – Geological Modelling Mine Design and overall BFS documentation. • CPG Global (QCC) – Coal Characterisation and Beneficiation. • SGS – Borecore Laboratory Analysis. • Pennington Scott – Hydrology
Slide 27: Groups Involved in the Work to Date
VICKERY SOUTH COKING & THERMAL COAL PROJECT GROUPS INVOLVED IN THE WORK TO DATE • Stewart Surveys – Site Survey. • Geo-Spectrum (Australia) – Aerial Surveys. • Weatherford Precision Energy – Geophysical Core Logging. • Mannion Drilling & Watsons Driling – Borehole Drilling. • PSM Consult – Geotechni
Slide 28: Coalworks Management
COALWORKS MANAGEMENT Wayne Mitchell AASA, AAIM (Appointed Chairman November 2007) Mr Mitchell is a qualified accountant with over 20 years extensive senior management experience in the natural resource sector, both in Australia and in South East Asia. Mr Mitchell and two partners were the initial pr
Slide 29: Coalworks Management
COALWORKS MANAGEMENT Chris Hagan – Senior Advisor BA, LLB, Acc.Spec. (Bus) Mr Hagan has over 25 years’ experience advising publicly-listed and private companies on legal and corporate affairs, including large scale capital raising strategies, IPOs and restructures. His career include co- founding an
Slide 30: Coalworks Management
COALWORKS MANAGEMENT Matt Morgan - Exploration Manager BSc (Geology) Mr Morgan has 15 years experience in coal, gold, antimony, and iron ore mining & exploration, both Open Cut and Underground. He has a diverse set of skills covering mine geology, quality control and mining engineering, and mine man
Slide 31: Ferndale Tenement Location
FERNDALE TENEMENT LOCATION 31
Slide 32: Ferndale Tenement Location
FERNDALE TENEMENT LOCATION 32
Slide 33: Ferndale Complete, Planned and Historical Drill Holes
FERNDALE COMPLETE, PLANNED AND HISTORICAL DRILL HOLES 33
Slide 34: Ferndale Geological Model
FERNDALE GEOLOGICAL MODEL 34
Slide 35: Ferndale Key Highlights
FERNDALE Key Highlights • Coalworks’ 92.5% owned subsidiary Loyal Coal Pty Ltd has executed a Farm-in and Joint Venture Agreement with Boardwalk Ferndale Pty Ltd, a company associated with Mr. Tinkler. • Boardwalk can spend up to $25 million to earn 50% of Loyal Coal’s interest in Ferndale (EL 7430)
Slide 36: Oaklands North Tenement Location
OAKLANDS NORTH TENEMENT LOCATION 36
Slide 37: Oaklands North Tenement Location
OAKLANDS NORTH TENEMENT LOCATION 37
Slide 38: Oaklands North Mine Layout
OAKLANDS NORTH MINE LAYOUT 38
Slide 39: Oaklands North Development Timetable
OAKLANDS NORTH DEVELOPMENT TIMETABLE 39
Slide 40: 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 40