Ann: Quarterly Production Report, page-2

• Basically 2/3 of all coal sold in US is clear profit for the next twelve months due to the contracted price. 95% of the coal is Met Coal!

U.S. domestic annual contract negotiations for FY 2022 are largely complete.
Coronado anticipates a volume weighted average price across all grades of Met
Coal products to U.S. domestic customers of approx. $187 per metric tonne
(FOR), reflecting a price that is $100 per metric tonne higher than the price
achieved in FY 2021. These fixed price and tonnage contracts currently cover
32% of annual U.S. production and 92% of all U.S. operating costs.

• Low mining cost, means the current estimate US$300 /tonne represents large upside - You can work these profits!

Group Mining cost per tonne sold year to date was $64.7 per tonne (unaudited)
impacted principally by higher average FX and lower sales volumes from
Australia

• I believe the company will be net debt after the first month in the last quarter. That is actually now, due to the high coal prices. i.e. Easily we will be net positive...the bank account is buiilding for large dividend distribution and/or share buyback.

Improved cash flow generation in the quarter saw Net Debt reduce to $154
million at 30 September 2021 ($236 million at 30 June 2021). Based on current
and forward Met Coal price estimates, Coronado expects to be Net Debt neutral
or in a Net Cash position by 31 December 2021.

Things are looking impressive, and its has been quite the turn around!!