Successful Transition of the Company • Established as profitable producer and exporter • In 2010/11 sales revenues increased to approx. A$51m from zero in the previous year • In 2010/11 substantial investments made with approx. A$76m spent on exploration expenditure and acquisition of assets • This investment is now beginning to be rewarded: • Record run-of-mine production and record thermal coal sales • Revenues of approx. A$45m for 6 months to Dec 2011 • Ferreira and Vlakvarkfontein Coal Mines generate aggregate EBITDA of approx. A$9m for 6 months to Dec 2011 • CCL generates unaudited EBITDA of approx. A$4m for 6 months to Dec 2011 • Development of Penumbra proceeding on track and forecast to have significant impact on earnings in 2
CCC Price at posting:
25.5¢ Sentiment: ST Buy Disclosure: Held