• Mammoth Underground Mine operations resumed after safety measures implemented
• Australian open-cut operations stabilized after Tropical Cyclone Koji
• US Logan Complex production curtailed due to weak market conditions

Coronado Global Resources Inc. (ASX: CRN) provided an update on certain matters referred to in its Quarterly Activities Report for Q4 2025 and other recent announcements. Operations at the Mammoth Underground Mine, which were suspended following a fatal accident on 2 January 2026, have been permitted to recommence from 11 February 2026 subject to complying with safety measures prescribed by Resources Safety and Health Queensland (RSHQ). Full production from the mine is expected to be safely restored within the coming weeks. Australian open-cut operations have stabilized following Tropical Cyclone Koji, with no resulting material impact to production expected, beyond typical seasonal disruptions. The planned two-week shutdown on the Curragh Complex's coal processing plants has been successfully completed and is expected to unlock improved throughput and product mix from the Curragh Complex mines. The manager of the Queensland Financial Provisioning Scheme has finalized the annual review allocation decision for the Curragh Complex's Environmental Authority, confirming that no surety is required, and only a pool contribution of 6.5% of the Estimated Rehabilitation Cost (~US$15 million) is required. Regarding Coronado's US operations, sustained weakness in the US High-Vol markets has caused realised pricing at Logan to remain below cash operating cost, and the complex is now operating at a loss. Therefore, the Company is taking steps to preserve liquidity and protect shareholder value, including immediately curtailing production to cover contractual commitments carried over from 2025, which are expected to be fulfilled by March 2026. If further profitable offtake cannot be secured by that time, the Logan Complex will be temporarily idled to minimise cash consumption while maintaining optionality should market conditions improve. The Company believes it is well positioned to benefit from recent pricing strength and the designation of metallurgical coal as a strategic or critical mineral in both India and the United States.

In the March 2026 quarter, Coronado's cash flow is expected to benefit from the US$15/t uplift in Premium Low Volatile (PLV) coal pricing that occurred during the December 2025 quarter, with prices averaging $200/t, as compared to $185/t for the nine months ended 30 September 2025. The June 2026 quarter is expected to benefit from the current US$250/t PLV price, representing a further $50/t uplift, and stronger production output.

Market fundamentals for high-quality metallurgical coal remain supportive, underpinned by stable steel production in key regions and supply-side constraints. Coronado believes it is well positioned to benefit from recent pricing strength and the designation of metallurgical coal as a strategic or critical mineral in both India and the United States.