Ann: Appendix 5B - June 2017, page-3

I guess the remaking of the road May-July has been included in the $5 mil odd production costs for the forward Sept estimate.
The revenue forward estimate of $5.3 mil seems abit light-on and does not account for the extra 100K
ton of exportable coal trucked to the port from July until freeze-up. If my hunch is right we should see
an improvement in the coking coal mix which should lift the average price/ton.

The temporary closure of 4 Queensland coal mines due to inadequate dust suppression should add a few
extra dollars/ton for this quarter's sales. The health safety audit was prompted by an increase in black lung disease.