Morning trading November 28, page-88

NAE - next cab off the rank?

highlights from today's announcement:

• A review of the 2014 Scoping Study¹ as previously updated in 2017² has been
completed by Palaris which confirms the project economics of the Lochinvar
Metallurgical Coal Project remain robust, despite recent cost increases in the UK

• A metallurgical Coal Resource of 111 Mt³ has previously been defined within the
Lochinvar project area (49 Mt Indicated Resource and 62 Mt Inferred Resource)³

• Ideally positioned to become a supplier of low cost, high quality metallurgical coal