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
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