• Stanwell to provide up to US$150M in near-term liquidity to Coronado
• Coronado to supply Stanwell up to 800,000 tpa of thermal coal for 5 years starting in 2027
• Transaction expected to result in significantly lower costs, improved margins and cash generation for Coronado

Coronado Global Resources Inc. ('Coronado') has announced that the company and Stanwell Corporation Ltd ('Stanwell') have concluded an agreement whereby Stanwell will provide up to US$150 million of near-term liquidity to Coronado, in exchange for thermal coal supply of up to 800,000tpa over a five-year period commencing in 2027. This transaction, in addition to the recently announced US$150 million ABL refinancing, provides up to US$300 million in additional liquidity to Coronado. The additional liquidity comprises a US$75 million prepayment and a rebate waiver and deferral from April to December 2025, which is expected to provide ~US$75 million at current prices. The additional liquidity bears 13% p.a. interest and will be settled by physical coal delivery starting in 2027 over five years. Under the agreement, Coronado will supply Stanwell up to 800,000 tpa of thermal coal for five years starting in 2027, with 400,000 tpa fully exposed to the prevailing market price and 400,000 tpa priced at a fixed forward curve that is higher than the current spot price. This is expected to result in significantly lower costs, improved margins and cash generation for Coronado, amounting to approximately US$150 million in incremental annual cash flow commencing in 2027. The combination of this transaction, the recently announced ABL refinancing, Coronado's expansion projects, and US$100M in cost saving initiatives are expected to materially improve the company's liquidity position to withstand the current low metallurgical coal price environment.

The additional liquidity and coal supply agreement with Stanwell is expected to result in significantly lower costs, improved margins and cash generation for Coronado, amounting to approximately US$150 million in incremental annual cash flow commencing in 2027.

Coronado expects that the additional liquidity, together with the confidence in production delivery and ongoing management actions to reduce cost and capital expenditure, puts the company in an improved position to weather the current, prolonged low-price environment and preserve the inherent value of its long-life, high quality metallurgical coal assets.