• Increase in Resource estimates for West Muswellbrook deposit
• Bengalla and New Acland Resources and Reserves based on depletion
• Exploration drilling undertaken at Bengalla Exploration Licence EL9431

New Hope Corporation Limited has announced the 2025 update of its Coal Resources and Reserves, in accordance with the JORC Code 2012. Key updates from the previous reporting period include an increase in Resource estimates for the West Muswellbrook deposit as a result of a new geological model, and the Bengalla and New Acland Resource and Reserves volumes (tonnes) are based on depletion between reporting periods. The West Muswellbrook geological model is the result of a comprehensive seam correlation and coal quality data review carried out during the 2024 and 2025 financial years. The Bengalla Resources and Reserves estimate utilises the 2024 financial year geological model data, with no material changes to the geological model within the mining lease over the 2025 financial year. Exploration drilling has been undertaken within the Bengalla Exploration Licence EL9431, and an update to Bengalla's Resources to include this licence area is expected in 2026. Exploration has also been undertaken within the New Acland Stage 3 mining pit limits over the last 18 months, and an updated geological model is in the process of being developed. All remaining Resource and Reserves estimates remain unchanged from 2024, with no further exploration activities conducted outside of the two operating assets. Coal Resources and Reserves are stated as at 31 May 2025, and production information for the 2025 financial year is available in the Annual Report 2025.