5 th Surat Basin Coal and Energy Conference Colin Randall Managing Director

Transcription

1 5 th Surat Basin Coal and Energy Conference Colin Randall Managing Director

2 The Back Creek Project

3 Disclaimer This presentation has been prepared by Allegiance Coal Limited ( Allegiance Coal or the Company ). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as any inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation refers to securities that are being offered by Allegiance Coal in a replacement prospectus that was lodged with the Australian Securities and Investments Commission on 23 March 2012 and which is available from the issuer's website at Anyone who wants to acquire shares will need to complete the application form that accompanies the replacement prospectus. Investors should consider the replacement prospectus in deciding whether to acquire shares. Statements and material contained in this presentation, particularly those regarding possible or assumed future performance, resources or production potential, commodity prices, growth of Allegiance Coal, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve subjective assumptions, and analysis and are subject to known and unknown risks and uncertainties many of which are outside of Allegiance s control. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Allegiance Coal is at an early exploration stage and although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and or that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Accordingly, to the maximum extent permitted by applicable laws, Allegiance Coal, and its directors, officers, employee, agents and advisers make no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. The Company accepts no obligation to correct or update anything in this presentation. Throughout this presentation all figures are quoted in A$ dollars unless otherwise stated. You should not act or refrain from acting in reliance on this presentation material. This overview of the Company s projects does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. This presentation does not constitute financial product advice (nor investment, tax, accounting or legal advice) and has been prepared without taking account of any person s investment objectives, financial situation or particular needs. 3

4 Shareholders Mineral & Coal Investments Pty Ltd (MCI)* Allegiance Coal Limited Gullewa Limited 57.75% Public 28.10% C.Randall and Associates 14.15% Mineral & Coal Investments Pty Ltd 100% Echidna Exploration Pty Ltd 100% Moreton Coal Pty Ltd 100% * Subject to IPO 4

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7 Back Creek Project Potential Shallow open cut: low ash thermal coal Runge independent geologist report has identified a target of 60-80Mt at an average strip ratio less than 10:1 32.8Mt (1) Along strike from Cockatoo Coal s Bottle Tree Deposit (MDLA 433) Mt JORC Inferred Resource 219Mt 219Mt (2) Adjoins Stanmore Coal s The Range project (MLA 55001) 219Mt JORC Inferred Resource Up dip from Cockatoo Coal s Bushranger project (MDLA 451) No Strategic Cropping Land within tenement Access to rail should improve upon completion of the planned Surat Basin Railway connection 7

8 Back Creek Project Detail Open Cut: low ash thermal coal 7.2m Bulwer/Condamine Seams up to 80Mt exploration target Drilling recommences June 2012 JORC Inferred resource Q Cumulative Strip Ratio to the Condamine Seam. 8

9 Back Creek Coal Seam Nomenclature Back Creek Seam Thickness for Taroom Coal Measures SEAM NO. OF HOLES MEAN MINIMUM MAXIMUM Auburn Bulwer Condamine Source: Allegiance Coal Limited Prospectus 2012, Page 68 based on analysis of historic and MCI drilling. 9

10 Raw Coal Quality Proximate analyses conducted by Australian Laboratory Services in Maitland, NSW in 2011 on air dried basis on raw samples. 10

11 Port & Rail location Kilmain Back Creek 11

12 Ports Gladstone Region Over 150Mtpa of new port capacity Next 5 to 7 years Targeting initial capacity delivery by 2017 A history of support Source: Allegiance Coal Ltd Prospectus, Page 27 Source: 12

13 Rail Back Creek Close to existing and planned rail infrastructure Surat Basin Rail Expected financial close during H Support Wiggins Island expansion Opens up Surat Basin supporting Back Creek 13

14 IPO Summary $7,000,000 capital raising Issue 35 million shares at $0.20 each with free Attaching Options (one option for every four shares) Underwritten by Patersons Listing on ASX (code AHQ) 14

15 IPO Timetable Event Date Prospectus Issued and Public Offer Open 29 March 2012 Closing Date of the Public Offer 11 May 2012 Allotment of Securities 17 May 2012 Expected quotation of Securities on ASX This week 15

16 Drilling at Back Creek in

17 Contact Details ALLEGIANCE COAL LIMITED Contact: Colin Randall Managing Director Office: Web: 17

18 Thank you! 18