Re Bad News 4th bullet point: The coal prices quoted are the gC NEWC index average price for the quarter. However, NHC's average realised sales price achieved for the quarter was A$221.45. The FOB cash cost excludingState Royalties for the 2024 financial year is expected to average between A$72 – A$81 per sales tonne so there is still a healthy margin.
The answer to your last question is answered in that the dragline shutdown was brought forward. Coal sales were down due tobelow plan ROM production with some vessels slipping to next quarter. Production is scheduled to belower in the first half of the financial year given the dragline and the CHPP shutdown. These upgradeswill provide a strong production runway for the second half of the financial year. So I'm not worried by what is essentially a timing issue.
Ann: Quarterly Activities Report, page-5
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