• No serious accidents for three consecutive quarters
• Saleable production of 3.3Mt, in line with prior quarter and previous year
• FOB Cash Costs tracking at low end of Guidance, despite lower sales

Stanmore Resources reported that it maintained saleable production levels quarter-on-quarter at 3.3Mt, despite more than 470mm of rainfall during the quarter, which was the highest quarterly amount since recording began. The abnormal weather conditions resulted in adverse mining conditions and logistical infrastructure challenges, impacting sales performance. Nonetheless, strong closing inventories for 2024 provided a buffer, enabling Stanmore to hold full-year saleable production Guidance steady. Furthermore, the company announced reductions to FOB Cash Cost and Capital Expenditure Guidance, primarily due to cash preservation and improvement initiatives undertaken to enhance the resilience of the business during a time of heightened macro-economic and coal price uncertainty. Prime hard coking coal prices traded in a downwards direction throughout the quarter, as elevated Chinese steel exports persisted. Stanmore also released its maiden JORC compliant Reserves for the Isaac Downs Extension Project, reaffirming the long-term benefit of this project. The company concluded the quarter with total liquidity of US$389 million, including US$220 million of undrawn working capital facilities.

Saleable Production: 13.8 - 14.4Mt FOB Cash Cost: US$85 - US$90/t Capital Expenditure: US$80 - US$90 million Assumes average AUD/USD of 0.6450 for 2025.