Ann: Half Year FY24 Results Presentation, page-8

1. 7c fully franked divvy
2. > 95% of BHP mine employees will stay on which will help with a smooth transition when those coking mines come into WHC ownership and we start reaping the rewards

And the outlook for prices looks positive:

• Underlying demand for high-CV thermal coalremains strong, including to supply high-efficiency, low emissions (HELE) electricity generation in traditional and emerging markets in Asia. The structural supply shortfall in the seaborne market for high-CV thermal coal is continuing to grow as a result of underinvestment in new supply and depletion of existing mines, which is supporting strong long-term pricing dynamics for high-CV thermal coal. The gC NEWC index averaged US$141/t in the first half of FY24, and continues to demonstrate price resilience during periods of seasonally weaker demand.

• The metallurgical coal market is also strong and the anticipated growing structural shortfall in hard coking coal (HCC) production to supply Asia demand, particularly to India, is expected to underpin metallurgical coal prices over the longer term. In the first half of FY24, the PLV HCC index averaged US$298/t reflecting strong demand from steel producers and India’s emerging growth. Whitehaven will benefit significantly from metallurgical coal market dynamics, including the well-supported HCC index, through the Daunia and Blackwater acquisition.

Satisfying.