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industry had been through fve years of decline “That’s a a a a characteristic of our our company our our board is is particularly disciplined in in in making capital investment decisions We are fortunate that we have a a a a lot of very experienced managers that have seen many coal price cycles ” Stephan is a a a a leading example with over 35 years’ experience in the resources sector Operational assets New Hope Group is headquartered in Ipswich Queensland and and all its current core operating assets are located in in the state The fagship project is the 100% owned New Acland mine Situated just outside the town of Oakey New Acland is a a a a a 5mtpa thermal coal mine it has a a a a low strip-ratio and is a a a a multiple thin seam mining operation The yield - product coal from the raw coal mined - sits at 52% and Stephan says New Hope is acknowledged in in the industry as highly profcient when it comes to thin seam mining The product from New Acland is transported by rail to New Hope Group’s 100% owned Queensland Bulk Handling (QBH) facility at the Port of Brisbane where it is is shipped to market New Hope’s major operating asset has also acted as a a a a key employer in the local area and injected much-need funds into the local economy The mine provides 300 direct jobs for local people 160 contractors and contributes to 2 300 indirect jobs The operations in Acland inject AUS$110 million into 

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