Foxleigh – Coal Quality & Seams

    Typical LV PCI Quality *
    Ash (%AD) 9.0
    TM (%AD) 10.5
    VM (%AD) 11.5
    TS (%AD) 0.50
    Phos (%AD) 0.09
    CV (kcal/kg GAD) 7,700

    * Source – Internal Realm Resources Ltd

    Typical Geological Sequence – Foxleigh Mine*

    Foxleigh – Transaction Snapshot

    • The Transaction comprises:
      • acquisition of a 70% interest in the Foxleigh Coal Mine (“Foxleigh”), and a 100% interest in EPC 855 and EPC 1669.
      • Bank guarantees of $85.3m
      • Cash payment of $43.7m to Anglo (further working capital adjustments to be finalised)
      • Royalty payment semi-annually to Anglo capped at $75m in aggregate for Realm’s 70% share
        • A$1.00/t if average coal price received for each 6 month period is >A$105/t
        • A$2.00/t if average coal price received for each 6 month period is >A$115/t
        • A$3.00/t if average coal price received for each 6 month period is >A$130/t
    • Funding:
      • Bridge loan - A$50m (12 month – Taurus Resource Fund No 2)
      • Performance guarantee and working capital facility – US$98.5m (24 month – Taurus Mining Finance Fund)
    • Realm and Middlemount have strengthened their corporate capabilities with new board and management appointments

    * Source – Refer to RRP:ASX announcement 30 August 2016 for more details on the transaction

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