Financial PositionWith approximately $125 million in cash,...

Financial Position
With approximately $125 million in cash, Bandanna remains fully funded to meet all of
its obligations to the port and rail, including bank guarantees for $52 million under the
agreement with WICET and $15.3 million to QRN. Bandanna will make no further
capital contributions for the proposed WICET port funding and has adequate funds its
complete its BFS studies for Dingo West and Springsure Creek. In addition Bandanna is
in discussions with a number of parties concerning farmins in key Bowen Basin projects,
the outcome of which are both expected in the short term and to provide project
funding solutions for major project capital expenditure.