Whitehaven Metallurgical Coal Acquisition Presentation slide image

Whitehaven Metallurgical Coal Acquisition Presentation

B Blackwater - operational & financial overview ROM production of 14.8Mtpa and average salable production of 12.4Mtpa anticipated over the next 5 years¹ ROM production (Mt)1,2,3 " FY24F - FY28F Average FY23A 12.5 FY22A Saleable production (Mt) 1,2,3 14.8 FY24F FY28F Average 14.3 FY21A 15.2 5-Year Historical Average FY23A 10.1 FY22A Historical average realised price (A$/t) 12.4 FY23A 11.7 FY22A FY21A 12.4 15.2 5-Year Historical Average FY21A 122 13.5 379 423 FY21-22 production impacted by significant wet weather, COVID-19 related labour constraints including reduced stripping impacting FY23 ROM production expected to return to long-term averages I over the near term Planning to open up additional mining areas in the south to provide greater flexibility and improve dragline performance Recent lower yields are the result of increased dilution; yields are expected to return to historical averages through targeted mining practices Production to remain relatively steady over FY24F-FY28F Product splits based on current product specifications, with transition towards a SHCC product over the long-term ■ Coal prices materially impacted in FY21 as a result of supressed demand during pandemic-induced lockdowns Strong prices were realised in FY22 and FY23, and remain strong in FY24F Source: Company filings, BMA management information and Whitehaven estimates Based on expected FY24 - FY28 average production. Refer to the ASX Release titled Acquisition of BMA's Daunia and Blackwater Mines and dated 18 October 2023. Whitehaven confirms that the material assumptions underpinning the forecast production in the ASX Release continue to apply and have not materially changed. Assuming FY24 life of mine plan for forecast period 1. 29 2. 3. 5-year historical average over period from FY16 - FY20; sourced from BMA management information WHITEHAVEN
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