Ann: September 2021 Coal Sales Update, page-3

BLAIR ATHOL RESULTEQUITY TONNES2170 - 170211 271 482 Export (000’s) Domestic (000’s) Total (000’s) Export (000’s) Domestic (000’s) Total (000’s) South Africa 85 553 638 41 271 312Blair Athol (BA) achieved coal sales revenue of AU$177 per tonne in the month of September 2021, which is in line with forecast announced to the ASX on 9 September 2021.Coal sales from BA for the December 2021 quarter are forecast to be approximately 575,000 tonnes, which represents an annualised run rate of 2.3 million tonnes per annum. Given the exceptional seaborne coal pricing, the Company is forecast to generate revenue of AU$230 per tonne2 in the December 2021 quarter. If achieved, this forecast revenue will result in an operating cash margin in excess of AU$140 per tonne3.