NOOSA MINING CONFERENCE

July 2017

IMPORTANT INFORMATION

This document has been prepared by Stanmore Coal Limited ("Stanmore Coal") for the purpose of providing a company and technical overview to interested analysts/investors. None of Stanmore Coal, nor any of its related bodies corporate, their respective directors, partners, employees or advisers or any other person ("Relevant Parties") makes any representations or warranty to, or takes responsibility for, the accuracy, reliability or completeness of the information contained in this document, to the recipient of this document ("Recipient"), and nothing contained in it is, or may be relied upon as, a promise or representation, whether as to the past or future.

The information in this document does not purport to be complete nor does it contain all the information that would be required in a disclosure statement or prospectus prepared in accordance with the Corporations Act 2001 (Commonwealth). It should be read in conjunction with Stanmore's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

This document is not a recommendation to acquire Stanmore Coal shares and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and

seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction. Except to the extent prohibited by law, the Relevant Parties disclaim all liability that may otherwise arise due to any of this information being inaccurate or incomplete. By obtaining this document, the Recipient releases the Relevant Parties from liability to the Recipient for any loss or damage that it may suffer or incur arising directly or indirectly out of or in connection with any use of or reliance on any of this information, whether such liability arises in contract, tort (including negligence) or otherwise.

This document contains certain "forward-looking statements". The words "forecast", "estimate", "like", "anticipate", "project", "opinion", "should", "could", "may", "target" and other similar expressions are intended to identify forward looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. You are cautioned not to place undue reliance on forward looking statements.

Although due care and attention has been used in the preparation of forward looking statements, such statements, opinions and estimates are based on assumptions and contingencies that are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward looking statements including projections, guidance on future

earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance.

Recipients of the document must make their own independent investigations, consideration and evaluation. By accepting this document, the Recipient agrees that if it proceeds further with its investigations, consideration or evaluation of investing in the company it will make and rely solely upon its own investigations and inquiries and will not in any way rely upon this document.

This document is not and should not be considered to form any offer or an invitation to acquire Stanmore Coal shares or any other financial products, and neither this document nor any of its contents will form the basis of any contract or commitment. In particular, this document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any "US person" as defined in Regulation S under the US Securities Act of 1993 ("Securities Act"). Stanmore Coal shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration.

STANMORE COAL OVERVIEW THE RIGHT PATH TO VALUE

INDEPENDENT COAL COMPANY

Positioned in right commodity in the right time of the cycle.

ISAAC PLAINS OPERATIONAL WITH DEMONSTRATED PERFORMANCE

Validation that the resource, equipment and plan is right

SHARE OWNERSHIP

ISAAC PLAINS COMPLEX REPRESENTS THE COMPANY'S PLATFORM ASSET

Q1/Q2 cost structures targeted with the right CHPP feed volumes from capital 'light' open cut and underground expansions

MULTIPLE ACQUISITION TARGETS AND INTERNAL PROJECTS ON WHICH STANMORE CAN CAPITALISE

Replicate the 'hub' approach focusing on reliability and creating value where others can't or won't.

Corporates

THE LEADERSHIP TEAM NOT JUST EXPERIENCE

DAN CLIFFORD MANAGING DIRECTOR

• More than 20 years' experience in the coal mining industry
• Has worked in Australia, South Africa and New Zealand
• Substantial open cut and underground coal mining experience
• Previously roles were with Solid Energy, Glencore, Anglo Coal and BHP Billiton.

IAN POOLE CHIEF FINANCIAL OFFICER

• Almost 30 years' experience in financial and commercial roles in the resources industry in Australia and the United States
• Previously CFO of ASX-listed minerals processing and infrastructure company, Sedgman Limited
• Formerly with Rio Tinto Coal Australia Pty Ltd and Pasminco Resources.

BERNIE O'NEILL GENERAL MANAGER OPERATIONS

• More than 30 years' experience in the coal sector in New South Wales and Queensland.
• Previously General Manager of Newlands/Collinsville Coal for Glencore Coal Australia, responsible for open-cut and underground operations across the Newlands and Collinsville complex in the northern Bowen Basin.
• As Group Manager, Business Development for Glencore Coal Australia Mr O'Neill was responsibility for feasibility studies and financial evaluation of new projects and brownfield expansions.

STANMORE'S PLATFORM ACQUISITION POSITIONED IN THE RIGHT COMMODITY AT THE RIGHT TIME

HISTORICAL SPOT COAL PRICE (USD)

STANMORE OPERATIONS TRANSFORMATIONAL PROGRESSION

PRODUCT TONNES PRODUCED

FOB COSTS (A$/TONNE)

PULLING THE VALUE LEVERS

A CASH GENERATIVE, CAPITAL LIGHT, FULLY FUNDED PLATFORM ON WHICH TO GROW

PHASE 1 – SHORT TERM THE RIGHT METHODOLOGY FOR VALUE CREATION

VALUE CREATION FROM:

• Coal handling infrastructure in place at a replacement value of >$350m with underutilised capacity
• Open cut mining method at Isaac Plains, Isaac Plains East and beyond utilising a dragline represents the lowest cost OC mining method available
• Low cost entry options to underground resources via highwalls
• Underground mining opportunities at Isaac Plains Underground with low capital intensity, agile and low risk operations via bord and pillar method
• Focusing on projects that can deliver low cost tonnes as a result of lower capital requirements due to access to IPC infrastructure
  • For each mine the dragline develops or extends, a low cost longer life underground can be developed
  • With a multiplier effect, the CHPP can be 'choke' fed to produce 3.0mt product

PHASE 1 – SHORT TERM INCREMENTAL VOLUME AND LIFE EXTENSION OPPORTUNITIES

SUSTAINABLE VALUE CREATION FROM:

• Dual approach of volume and life extension regionally
• With capital and operational discipline, doubling the life and volumes of CHPP feed sources is front and centre
• Underground and opencut operational excellence is essential

PHASE 2 – MEDIUM TERM THE STANMORE PORTFOLIO OFFERS MULTIPLE 'HUB' OPPORTUNITIES

BELVIEW – 100%

Exploration

LILYVALE – 85%

Exploration

MACKENZIE – 95%

Exploration

PHASE 2 – MEDIUM TERM THE TRANSITION TO AN INTEGRATED COAL COMPANY

STEP CHANGE VALUE CREATION FROM:

• Building (life and volume) off a cash generative, repeatable platform
• Replication of capital 'light', synergistic aggregation of assets from multiple vendors with both underground and opencut to form regional coal hubs
• Continued positioning in commodity cycles

ISAAC PLAINS BACKGROUND

SAFETY

TWO INJURIES (TRI) DURING QUARTER

During the March quarter, there were two injuries (TRI) (including one lost time injury) at the Isaac Plains Mining Complex, with no other injuries recorded across other projects and tenements.

The Total Reportable Injury Frequency Rate (TRIFR) at quarter end is 12.46 per million hours.

STANMORE COAL SAFETY STATISTICS PAST 12 MONTHS TO DATE

OPERATING RESULTS – MINE PHYSICALS AND COSTS

PRIME WASTE OVERBURDEN (BCM)

ROM COAL MINED

Record quarter for overburden performance outperformed prior guidance of 6.4Mbcm, at >6.5Mbcm. This strong result provides support and confidence to the Companies FY18 average quarterly projection of >6.0Mbcm per quarter.

Overburden is projected to substantially decrease following the commencement of Isaac Plains East where the coal resource is significantly shallower requiring less truck & shovel pre-strip activities.

A record quarter for overburden removal has directly delivered the strongest quarter of ROM coal mining to date, with 564kt mined in the June quarter.

FY18 ROM coal mining is projected at an annualised rate >1.6Mt.

ROM mining rate is projected to substantially increase with the commencement of mining at Isaac Plains East where the shallower coal resource enables higher rates of extraction.

OPERATING RESULTS – MINE PHYSICALS AND COSTS

PRODUCT TONNES PRODUCED FOB COSTS (A$/TONNE)

Open-cut Highwall

Following a record quarter of coal mining (overburden & ROM), product tonnes produced were 392kt, the strongest on record to date.

The FY18 projection for product coal produced is in-line to that achieved in FY17, at approximately 1.2Mt. Noting there will be no additional tonnes from highwall mining in FY18, this implies a stronger outlook in coal mining and coal produced than achieved in FY17.

FOR costs FOR to FOB costs State Royalties

An underlying FOB cost of $102.60/t was achieved for the quarter. Total unit costs in the June Quarter were $125.85/t, including state royalties of $21.35/t (Q3 royalty was $8.46/t), a rail benefit of $2.26/t relating to prior period adjustments and demurrage charges of $4.17/t because of delays due to Tropical Cyclone Debbie.

FY18 Projected unit costs are expected to decline through the adoption of a conservative pricing curve (impacting variable costs) and cost saving initiatives implemented by the Management team, in addition to higher sales in FY18 (lower unit costs) to deplete the 258kt of product coal inventories on hand at 30 June 2017.

Isaac Plains East costs are projected to be an average of $76/t for the first three years.

Note: The FOB cost breakdown between categories has been reclassified by the Management team (resulting in a higher allocation of costs to FOR). Additionally, pre-strip accounting has been adopted going forward (revised in the FY17 quarter figures).

ISAAC PLAINS EAST INDICATIVE TIMETABLE TO PRODUCTION (FINANCIAL YEAR BASIS)

ISAAC PLAINS UNDERGROUND INDICATIVE TIMETABLE TO INVESTMENT DECISION (FINANCIAL YEAR BASIS)