ASX announcement

ASX announcement 11th July 2012

Concept Mining Study Completed for Belview Coking Coal Project

Highlights

ƒ 3.4Mtpa ROM production, $907m capital cost and $104/t FOB cost (ex royalty)

ƒ Primary high quality coking plus secondary low vol PCI products

ƒ Potential for additional production from additional shaft and second longwall

Stanmore Coal Limited (ASX:SMR, "Stanmore Coal"), in conjunction with MineCraft Consulting Pty Ltd ("MineCraft"), has completed a Concept Mining Study for the Belview coking coal project based on 3.4Mtpa Run of Mine (ROM) coal produced from a multi