MANAGING DIRECTOR PRESENTATION23 November 2015F

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IMPORTANTINFORMATIONThis document has been prepared by Stanmore Coal Limited (“StanmoreCoal”) for the purpose of providing a company and technical overview tointerested analysts/investors. None of Stanmore Coal, nor any of its relatedbodies corporate, their respective directors, partners, employees or advisersor any other person (“Relevant Parties”) makes any representations orwarranty to, or takes responsibility for, the accuracy, reliability orcompleteness of the information contained in this document, to the recipient ofthis document (“Recipient”), and nothing contained in it is, or may be reliedupon as, a promise or representation, whether as to the past or future.

The information in this document does not purport to be complete nor does itcontain all the information that would be required in a disclosure statement orprospectus prepared in accordance with the Corporations Act 2001(Commonwealth). It should be read in conjunction with Stanmore’s otherperiodic and continuous disclosure announcements lodged with the AustralianSecurities Exchange, which are available at www.asx.com.au.

This document is not a recommendation to acquire Stanmore Coal shares andhas been prepared without taking into account the objectives, financialsituation or needs of individuals. Before making an investment decisionprospective investors should consider the appropriateness of the informationhaving regard to their own objectives, financial situation and needs and seekappropriate advice, including financial, legal and taxation advice appropriateto their jurisdiction. Except to the extent prohibited by law, the RelevantParties disclaim all liability that may otherwise arise due to any of thisinformation being inaccurate or incomplete. By obtaining this document, theRecipient releases the Relevant Parties from liability to the Recipient for anyloss or damage that it may suffer or incur arising directly or indirectly out of orin connection with any use of or reliance on any of this information, whethersuch liability arises in contract, tort (including negligence) or otherwise.

This document contains certain “forward-looking statements”. The words“forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”,“may”, “target” and other similar expressions are intended to identify forwardlooking statements. Indications of, and guidance on, future earnings andfinancial position and performance are also forward-looking statements. Youare cautioned not to place undue reliance on forward looking statements.

Although due care and attention has been used in the preparation of forwardlooking statements, such statements, opinions and estimates are based onassumptions and contingencies that are subject to change without notice, asare statements about market and industry trends, which are based oninterpretations of current market conditions. Forward looking statementsincluding projections, guidance on future earnings and estimates are providedas a general guide only and should not be relied upon as an indication orguarantee of future performance.

Recipients of the document must make their own independent investigations,consideration and evaluation. By accepting this document, the Recipientagrees that if it proceeds further with its investigations, consideration orevaluation of investing in the company it will make and rely solely upon its owninvestigations and inquiries and will not in any way rely upon this document.

This document is not and should not be considered to form any offer or aninvitation to acquire Stanmore Coal shares or any other financial products, andneither this document nor any of its contents will form the basis of any contractor commitment. In particular, this document does not constitute any part of anyoffer to sell, or the solicitation of an offer to buy, any securities in the UnitedStates or to, or for the account or benefit of any “US person” as defined inRegulation S under the US Securities Act of 1993 (“Securities Act”). StanmoreCoal shares have not been, and will not be, registered under the Securities Actor the securities laws of any state or other jurisdiction of the United States,and may not be offered or sold in the United States or to any US personwithout being so registered or pursuant to an exemption from registration.

Marketable Reserves Note: The Isaac Plains Marketable Coal Reserve of 3.7Mt is derived from a run of mine (ROM) Coal Reserve of 5.0 Mt that is JORCcompliant based with a predicted yield of 74%. The 3.7 Mt MarketableReserve is included in the 30.1 Mt JORC Resource (10.0 Mt Measured + 9.1Mt Indicated + 11.0 Mt Inferred Resource).

The Range Marketable Coal Reserve of 94 Mt is derived from a run of mine(ROM) Coal Reserve of 117.5 Mt that is JORC compliant based on a 14.8%ash product and predicted yield of 80%. The 94 Mt Marketable Reserve isincluded in the 287 Mt total JORC Resource (18 Mt Measured + 187 MtIndicated + 82 Mt Inferred Resource).

Exploration Target Note: All statements as to exploration targets of StanmoreCoal and statements as to potential quality and grade are conceptual in nature.There has been insufficient exploration undertaken to date to define a coalresource and identification of a resource will be totally dependent on theoutcome of further exploration. Any statement contained in this document as toexploration results or exploration targets has been made consistent with therequirements of the Australasian code for reporting of exploration results,mineral resources and ore reserves (“JORC Code”).

Competent Persons Statement:

The information in this report relating to exploration results and coal resourcesis based on information compiled by Mr Troy Turner who is a member of theAustralian Institute of Mining and Metallurgy and is a full time employee ofXenith Consulting Pty Ltd. Mr Turner is a qualified geologist and has sufficientexperience which is relevant to the style of mineralisation and type of depositunder consideration and to the activity which he is undertaking, to qualify asCompetent Person as defined in the 2012 Edition of the “Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves”. MrTurner consents to the inclusion in the report of the matters based on theinformation, in the form and context in which it appears.

The information in this report relating to coal reserves for Isaac Plains is basedon information compiled by Mr Ken Hill who is a full-time employee of XenithConsulting Pty Ltd. Mr Hill is the Managing Director of Xenith Consulting PtyLtd, is a qualified civil engineer, a member of the Australian Institute of Miningand Metallurgy (AusIMM) and has the relevant experience (30+ years) inrelation to the mineralisation being reported to qualify as a Competent Personas defined in the “Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves (The JORC Code 2012 Edition)”. Mr Hillconsents to the inclusion in the report of the matters based on the information,in the form and context in which it appears.

The information in this report relating to coal reserves is based on informationcompiled by Mr Richard Hoskings who is a member of Minserve Pty Ltd. MrHoskings is a mining engineer, a Fellow of the Australian Institute of Mining andMetallurgy (AusIMM) and has the relevant experience (30+ years) in relation tothe mineralisation being reported to qualify as a Competent Person as definedin the “Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves (The JORC Code 2012 Edition)”. Mr Hoskingsconsents to the inclusion in the report of the matters based on the information,in the form and context in which it appears.

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YEAR IN REVIEWCompany Highlights since 2014 AGMContinuation of our strong safety recordNo lost time injuries across drilling programs conducted during the year

Strategic acquisitions provide Stanmore with an established coking coal mine and expansion projectIsaac Plains Open Cut Coking CoalCompletion of Isaac Plains East acquisition1 (previously named Wotonga - MDL 135 and part of MDL 137)

Contracted to acquire 100% of the Isaac Plains Coal Mine from Vale S.A. and Sumitomo Corporation2

Targeting mining recommencement for 1H 2016 and an initial production rate of 1.1Mt per annum

Acquired assets to provide strategic platform in the region as we seek to build a scale coking coal business at a cyclical low point in the coalmarket featuring depressed asset prices

Substantial progress on other development projectsClifford Thermal Coal ProjectMaiden JORC Resource3 of 370 Mt at the Clifford Project with 80 Mt of Indicated and 290 Mt of Inferred Resource

Encouraging initial in-situ strip ratio of between 6-7:1 with high energy, low emission coal quality characteristics

Belview Coking Coal ProjectCompleted exploration program utilising $1.5 million funding support provided by Taiheiyo Kouhatsu and JOGMEC

Coal quality analysis work confirms the project can produce a high quality coking coal plus secondary PCI product, with a high total productyield. Pre-Feasibility Study underway with a focus on reducing capital costs and developing initial mining options

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1. Refer to ASX announcement on 1 July 20152. Refer to ASX announcement on 30 July 2015. Completion anticipated by end November 20153. Refer to Competent Persons Statement (p. 4)

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Queensland based coaldevelopment company,transitioning to productionthrough the acquisition ofIsaac Plains

Fully-funded acquisition withno dilution for existingshareholders

Advanced metallurgical andthermal coal developmentprojects in the Bowen andSurat Basin

Rail and port infrastructure inplace for key metallurgicalcoal projects

Highly experienced Boardand management team withproven track record ofdeveloping and operatingcoal mines

Highly skilled andexperienced executive teamwith low overhead cost base

Well funded with a strongshareholder base

Actively pursuing furtheropportunities in thecurrent market downturnconditions

Share ownership

GreatgroupBoard and ManagementInstitutional InvestorsOther

ASX Code SMR

Share price A$0. 182

Shares 222.5m

Market cap $40.0m2

Cash A$11.4m3

1. Refer to Competent Persons Statement (p.2) • 2. As at 20 November 2015 • 3. As at 30 September 2015 • 4. 28 Mt Measured, 352 Mt Indicated, 941 Mt Inferred

25%

20%34%

21%

657664

Surat BasinBowen Basin

830

491

Open CutUnderground

OVERVIEWOF STANMORE COAL

Total Resources 1,321 Mt1,4

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Our Projects

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ISAAC PLAINS& ISAAC PLAINS EAST

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LOCATION Located approximately 7

km east of the township ofMoranbah in the heart ofthe northern Bowen Basin

172 km from DalrympleBay Coal Terminal (DBCT)via Goonyella rail line

Surrounded by large scaleoperating coking coalmines

HISTORY Commenced production in

2006 as atruck shovel operation

Dragline operationscommenced in 2011

Placed on care andmaintenance late 2014

Last coal shipped inFebruary 2015

ISAAC PLAINSRESUMING COKING COAL PRODUCTION

Stanmore is set to become an independent producer of high quality coking coal, a keyraw material for the world’s steel industry

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ISAAC PLAINSAQUIRED ASSETS – A FULLY OPERATING MINE

DRAGLINE TRAIN LOADOUT

Bucyrus BE1370 High performance machine –

in last year of operation moved>15 million bank cubic metres (bcm)

Major pre-start service underwayincluding replacement of swing-rack

CHPP, product stockpile and trainloadout in close proximity

Conveyor feed to rail surge/loading bin

COAL HANDLING AND PROCESSING PLANT OFFICE FACILITIES AND WORKSHOPS

Coal trucked to the CHPP andwashed to form multiple products ata total yield of 70–75%

Excess capacity - 500tph feed rate(3.5 Mtpa) constructed in 2006

Belt press filter – no tailings dams Flexible operating setup to produce

multiple coal products

Established office setup includescommunications and otherinfrastructure

Several maintenance workshops

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RIGHT SCALE OF OPERATION Asset re-optimised at 1.1Mtpa to maximise

proportion of low cost dragline Open cut mining of lower strip

ratio northern pits only Contractors’ rates are significantly lower

than recent boom period Utilise existing infrastructure to develop

low strip ratio extension at Isaac PlainsEast

Reduction in take-or-pay contracts from2.8 Mtpa to 1.1 Mtpa match optimisedproduction level

ISAAC PLAINSA LOW COST APPROACH

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Extensive exploration program underway,targeting both Isaac Plains underground and IsaacPlains East open cut deposits

Significant 2D seismic analysis and line ofoxidation definition to inform geological model

Updated JORC report anticipated by June quarter2016

Current Isaac Plains JORC Status1

Measured 10.0 MtIndicated 9.1 MtInferred 11.0 MtTotal Resources 30.1 Mt

Proven 3.7 MtProbable 1.3 MtTotal Reserves 5.0 Mt

1. Refer Competent Persons Statement and Reserves Note (p2)

ISAAC PLAINSEXPLORATION UNDERWAY TO SUPPORT MINE EXTENSIONS

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ISAAC PLAINSINDICATIVE TIMETABLE TO PRODUCTION

Contractormobilised

Transactioncompletion(by end Nov 2015)

First coalprocessed

First coalrailings

Steady stateproduction

2H 2015 1H 2016 2H 2016

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SIGNIFICANT COKING COAL PROJECT IN THE BOWEN BASIN100% OWNED Substantial coking coal deposit in heart of the Bowen Basin –

330 Mt JORC Resource (50 Mt Indicated, 280 Mt Inferred) Coal quality results to date confirm attractive coking properties across

multiple seams Infrastructure in place – located on existing Blackwater Rail Line

to Gladstone Port 2015 JOGMEC / Taiheiyo funded drilling resulted in updated Inferred

Resource, maiden Indicted Resource and improved coal qualityunderstanding

Pre-Feasibility Study underway with a focus on reducing capital costsand developing initial mining options

BELVIEWPROJECT

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LARGE EXPLORATION AREA WITH OPEN CUT POTENTIAL Substantial exploration opportunities within the Clifford Project Potential to host a substantial thermal coal deposit suitable for open cut

mining Substantial synergies with the Range JOGMEC funding allows for up to $4.5M of exploration activity at

Clifford over 3 years Strategic Japanese government interest in the Surat Basin supports

long term value in Stanmore projects

Category Grange (Mt) Liberty (Mt)

JORC Indicated Resource1 80

JORC Inferred Resource1 190 100

Total 270 100

1. Refer to Competent Person Statement (p.2)

CLIFFORDPROJECT

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EPC 1274 & 1276 Extensive tenure area in excess of 1,100km2

Historically held by MIM/ Xstrata and others Several hundred historical coal boreholes in area Drilling program this year has focussed on two potential open cut

targets:

Parameter Unit Basis Liberty GrangeProximate analysisAsh % ad 9.9 9.3Volatile Matter % ad 42.6 42.7Fixed Carbon % ad 41.4 40.9Fuel Ratio 0.97 0.96Sulphur % ad 0.47 0.42GCV kcal/kg nar 5,933 5,920HGI Ad 34 33Abrasion index ad <10 <10Ash fusion temperatureDeformation C 1,540 1,520PetrographicsR max % 0.51 0.48

Total vitrinite vol % 66.9 70.8

Note: 1. “C” represents “centigrade”; “kcal/kg” represents “kilocalories per kilogram”2. “ad” represents “air dried”; “ar” represents “as received”; “nar” represents “net as received”; “daf” represents “dry ash free”3. GCV represents gross calorific value

CLIFFORDLOCATION AND GEOLOGY

- Grange – in situ strip ratio commences at 6:1- Liberty – in situ strip ratio commences at 7:1

Strong coal quality results with a high laboratory yield of 82% andenergy of over 5,900 kcal/kg nar

Further JOGMEC funded exploration program of up to 27 rotaryand 13 cored holes underway in 2H 2015

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Asset

JORCMarketable

Coal Reserve1,2

JORCRecoverable

Coal Reserve1,2

JORCMeasuredResource1

JORCIndicated

Resource1JORC Inferred

Resource1Total JORCResource1

Isaac Plains Coking/Thermal 3.7 5.0 10.0 9.1 11.0 30.1

The Range Thermal 94.2 117.5 18.0 187.0 82.0 287.0

Clifford Thermal - - - 80.0 290.0 370.0

Mackenzie Coking - - - 25.7 117.5 143.2

Belview Coking - - - 50.0 280.0 330.0

Tennyson Thermal/Coking - - - - 161.0 161.0

Total 97.9 122.5 28.0 351.8 941.5 1,321.3

1. Refer to Competent Persons Statement (p. 2)2. Refer to Marketable Reserves Note (p. 2)

RESERVESAND RESOURCES

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A few key facts about coal

Source 1: Aurizon Concise Sustainability Report 2015Source 2: IEA: South East Asia Outlook 2015

Source 3: World Coal Association 2015

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Electricity generation demand in South East Asia, today to 20402:

By 2040, coal will overtake oil to become the largest fuelin Southeast Asia’s energy mix.

32%Coal,to

50%44%Oil & gas,to

22%

OVER40%of global electricity,and

of the world’s steel isproduced using

COAL3

Global steel production will grow 25% to 20251

Using the most efficient technology available in conjunctionwith AUSTRALIAN HIGHER QUALITY COAL CAN REDUCECO2 EMISSIONS by up to 48%1

24%Other,to

28%70%

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STANMORE COAL HIGHLIGHTS

Stanmore set to become a coking coal producer by 1H 2016, targeting an initial

1.1Mt per annum production rate

Isaac Plains East provides a low cost, open cut extension adjacent to existing

Isaac Plains infrastructure

Strategic acquisitions provide a platform in the Bowen Basin region to build a

scale coking coal business at a cyclical low point in the coal market

Experienced management team

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