Agreement for Sale of Ashford Coking Coal Project Binding Term...

Agreement for Sale of Ashford Coking Coal Project
 Binding Term Sheet entered into for the proposed staged sale of the Ashford Coking Coal Project
to Aus Tin Mining Ltd (“Aus Tin”) (ASX : ANW).
 Consideration to be received to include:
o Laneway being issued a 20% shareholding in Aus Tin (on Aus Tin’s enlarged share capital
after it strengthens its balance sheet by completing a capital raising and other debt for equity
conversions);
o A further $7m payment (consisting of $2m cash and a further $5m in cash or Aus Tin shares
issued at a 20% discount); and
o A retained royalty interest for Laneway to be paid $0.50 per tonne for every tonne of coal
produced from the Ashford project. The current Indicated and Inferred Resource at Ashford
is 14.8 million tonnes1 of in-situ coal.