Corporate Governance Statement
Appendix 4G Corporate Governance Statement
ASX Notification of dividend / distribution
Highlights: initial stages of the strategy successfully executed leading to strong results and a maiden dividend
Stanmore Coal has adopted a robust business planning cycle that incorporates strategy development, Life of Mine (LOM) planning processes, annual business risk assessments, and annual budget planning and forecasting.
Stanmore Coal is pleased to announce that the Coal Reserves for the Isaac Plains Complex have been updated in August 2018, in line with new business planning cycle reporting practices adopted by the Company.
Stanmore Coal is pleased to announce that it has completed the acquisition of MDL1371 and EPC7282 (Wotonga South) from Millennium Coal Pty Ltd (Peabody Australia). Stanmore Coal will rename the development project as the “Isaac Downs Project” and will develop the coal resource area as a satellite pit for the Isaac Plains Complex (IPC).
Stanmore Coal Limited (Stanmore or the Company) (ASX: SMR) is pleased to announce Coal Resources for the Isaac South Project (within EPC755). These Coal Resources have been upgraded to the standard required by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the 2012 JORC Code’) based on exploration data generated in 2012 and represent coal within Stanmore Coal’s 100% owned tenement.
Mining performance at Isaac Plains during the June quarter benefited from the acceleration plan
put in place to ensure production guidance for the full year (following geotechnical issues), which
utilised both dragline and truck and excavator overburden removal for coal production.