• Cash flow in H2 2025 expected to improve with expansion projects
• Cost position materially improved, with 10% reduction in average mining costs per tonne
• Further $100M in cost and capital reductions expected in FY2025

Coronado's Q1 2025 report demonstrates the company's operational flexibility and resilience. Despite rainfall impacts in Queensland, the Curragh Complex achieved ROM production in line with plan, while the US operations also saw significant improvement in ROM and saleable production. The report highlights a 10% reduction in average mining costs per tonne sold compared to Q1 2024, and further cost and capital reductions of up to $100 million expected over the remainder of the financial year. The company's expansion projects at Mammoth and Buchanan are nearing completion and are expected to deliver a step change in production and lower capital expenditure in the second half of 2025. While near-term Met coal prices have been volatile, Coronado remains confident in the medium to long-term market fundamentals and is pursuing initiatives to ensure adequate liquidity during the current low-price environment, including restructuring its ABL facility. The company intends to release its Q1 2025 financial results on May 9, 2025.

Cash flow in the second half of 2025 is expected to benefit from the Mammoth and Buchanan expansion projects with a step change in production and much lower capital expenditure.