Katingan Ria

Katingan Ria Thermal Coal Project Review

Katingan Ria

Highlights

  • Coal Resources and Reserves for PT Katingan Ria have been updated in accordance with the JORC Code 2012
  • PT Katingan Ria coal (4,200 Kcal/Kg GAR) is a typical low rank, sub-bituminous thermal coal with low sulphur and nitrogen contents and complies with the Argus Indonesian Coal Index (4,200 GAR)
  • Coal Resources (which includes Reserves) are 87.5Mt (6.5Mt Measured, 44Mt Indicated and 37Mt Inferred)
  • Coal Reserves are 27.4Mt (all classified as Probable)
  • Base case project NPV (10%) valuation of US$57m based on a US$40.00/t long term coal price and US$32.24/t FOB cash cost forecasts1
  • Coal reserves and the valuation in this announcement have been prepared based on an export operation. Realm, in addition, is investigating the potential to supply a domestic mine mouth power station near the project and will provide further updates when possible.

1 Refer to section 3 of this announcement for a summary of the financial model, material assumptions and disclosures in relation to the production target on which the NPV valuation is based

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