some good news at last

Level 2, 66 Hunter Street Sydney NSW 2000 Australia T: (61 2) 9300 3333 F: (61 2) 9221 6333
E: [email protected] W: www.cockatoocoal.com.au
28 June 2012
The Manager Companies
ASX Limited
20 Bridge Street
SYDNEY NSW 2000 (2 pages by email)
Dear Madam
COCKATOO SECURES 4.2 Mtpa WIGGINS ISLAND EXPANSION 1 PORT CAPACITY
The Directors of Cockatoo Coal Limited (‘Cockatoo’ or 'the Company') are pleased to advise that
Cockatoo, as Manager of the North Surat Joint Venture, has been selected as a 4.2 million tonnes
per annum ('Mtpa') user of the planned Wiggins Island Coal Export Terminal ('WICET') Expansion
1 ('WEXP1'), at Gladstone, Queensland.
Summary
• Cockatoo invited to participate in a 4.2 Mtpa allocation to WEXP1.
• WEXP1 target commencement of 2016 for supply of coal from the Surat Basin.
• Cockatoo has cash reserves of $105 million after meeting its initial WEXP1 funding
contribution.
The Company plans to use the WEXP1 allocation to initially load coal from its Collingwood project,
part of the North Surat Joint Venture, a 51:49 joint venture between Cockatoo and Mitsui & Co., Ltd
related entities ('Mitsui').
The North Surat Joint Venture comprises the Collingwood, Taroom and Woori thermal coal
projects in the Surat Basin with the following reported JORC compliant Reserves and Resources: