• Bathurst has built significant consolidated cash reserves of NZD $170m
• Focused on maintaining safe, profitable operations and fast-tracking development of 100%-owned Buller and Tenas projects
• Exporter of high-quality coal primarily for steel production in Japan, South Korea, China and India

Bathurst Resources Ltd (ASX: BRL) has presented a roadshow highlighting its strong financial position and growth plans. The company has built significant consolidated cash reserves of NZD $170m as of 31 May 2025, with no debt on its balance sheet (other than finance leases of $1.6m). In FY24, BRL generated $91m in consolidated EBITDA, with a consolidated FY25E forecast EBITDA of NZD $45-55m. Bathurst is focused on maintaining safe and profitable operations at its existing mines, including Takitimu, Stockton, Maramarua, and Rotowaro, while leveraging its operational expertise to fast-track the development of its 100%-owned Buller and Tenas projects. This is expected to generate incremental free cash flow for the company, which the directors plan to return to shareholders. Bathurst is an exporter of high-quality coal primarily for steel production in Japan, South Korea, China, and India, with a focus on low-ash, low-sulphur thermal coal for the domestic New Zealand market and high-quality, low-ash metallurgical coal for export.

Bathurst forecasts consolidated FY25E EBITDA of NZD $45-55m.

Bathurst is focused on maintaining safe and profitable operations at its existing mines, while leveraging its operational expertise to fast-track the development of its 100%-owned Buller and Tenas projects to generate incremental free cash flow for the company.