# NHC: Presentation on New Hope and Malabar to Combine

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153748

Publisher: asx

Original announcement: 2026-10-18T21:27:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-18T22:14:08.122Z

Atlas analysis updated: 2026-10-18T22:14:08.122Z

- Company: New Hope Group

- Ticker: NHC

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Coal

- Secondary commodities: None reported

- Document categories: Agreement transaction, Resource update

- Extracted: 2026-10-18 22:14:08 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

New Hope Group and Malabar Resources Limited announced a proposed merger via a court-approved scheme of arrangement, aiming to create a leading ASX-listed producer of low-cost, high-quality coal. The transaction, unanimously recommended by both boards, is expected to unlock operational and regional synergies, significantly increase attributable resources by 82% to ~5.2 Bt, and boost combined saleable production. Malabar shareholders will receive 0.500 New Hope shares per Malabar share, with implementation targeted for February/March 2027.

Reasoning: The document announces a proposed merger between New Hope and Malabar, highlighting significant strategic and financial benefits, including increased production, resources, and synergies, with unanimous board support.

- Positive factor: Merger/Acquisition

- Positive factor: Synergies

- Positive factor: Production Growth

- Positive factor: Resource Increase

- Positive factor: Financial Strength

- Positive factor: Board Recommendation

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 36

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 36. Some facts used in scoring do not have a stored record.

## Resource Estimates (36)

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-0)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:9610cae99dd4060d6f8d

#### Resource Data

- Category: probable
- Tonnes: 134000000
- Contained Metal: 134000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for New Acland.

Evidence · table

> 134

Context: New Acland

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-1)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:63e7ebe475ab360db937

#### Resource Data

- Category: proven
- Tonnes: 265000000
- Contained Metal: 265000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for New Acland.

Evidence · table

> 265

Context: New Acland

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-2)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:fe6873802301e2976770

#### Resource Data

- Category: probable
- Tonnes: 70000000
- Contained Metal: 70000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for New Acland.

Evidence · table

> 70

Context: New Acland

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-3)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:6dd34cc69541773034a0

#### Resource Data

- Category: proven
- Tonnes: 142000000
- Contained Metal: 142000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for New Acland.

Evidence · table

> 142

Context: New Acland

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-4)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:c959d66b0efe5982f981
- Ownership percent: 80 %

#### Resource Data

- Category: probable
- Tonnes: 7000000
- Contained Metal: 7000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Bengalla \(80% interest\).

Evidence · table

> 7

Context: Bengalla

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-5)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:451da3cb41722996a8e4
- Ownership percent: 80 %

#### Resource Data

- Category: proven
- Tonnes: 119000000
- Contained Metal: 119000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for Bengalla \(80% interest\).

Evidence · table

> 119

Context: Bengalla

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-6)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:fadb9c78a8767bfe9554
- Ownership percent: 80 %

#### Resource Data

- Category: probable
- Tonnes: 5000000
- Contained Metal: 5000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Bengalla \(80% interest\).

Evidence · table

> 5

Context: Bengalla

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-7)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:d79a574dd3664e3205de
- Ownership percent: 80 %

#### Resource Data

- Category: proven
- Tonnes: 97000000
- Contained Metal: 97000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for Bengalla \(80% interest\).

Evidence · table

> 97

Context: Bengalla

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-8)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:2aaa0e2824f6dfb96d30

#### Resource Data

- Category: probable
- Tonnes: 26000000
- Contained Metal: 26000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Elimatta.

Evidence · table

> 26

Context: Elimatta

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-9)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:bb7f9c57fd30b47d7e30

#### Resource Data

- Category: proven
- Tonnes: 86000000
- Contained Metal: 86000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for Elimatta.

Evidence · table

> 86

Context: Elimatta

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-10)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:500266026534f8b4b802

#### Resource Data

- Category: probable
- Tonnes: 16000000
- Contained Metal: 16000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Elimatta.

Evidence · table

> 16

Context: Elimatta

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-11)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:97fc113bf4b614d3b1b7

#### Resource Data

- Category: proven
- Tonnes: 56000000
- Contained Metal: 56000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for Elimatta.

Evidence · table

> 56

Context: Elimatta

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-12)

Taroom · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Taroom
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:b9a3a75541c66f95b664

#### Resource Data

- Category: probable
- Tonnes: 207000000
- Contained Metal: 207000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Taroom.

Evidence · table

> 207

Context: Taroom

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-13)

Taroom · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Taroom
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:4629c7961ff06fac32f3

#### Resource Data

- Category: probable
- Tonnes: 130000000
- Contained Metal: 130000000
- Contained Unit: t

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Taroom.

Evidence · table

> 130

Context: Taroom

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-14)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:c257487dc2400ebd52b4

#### Resource Data

- Category: measured
- Tonnes: 283000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for New Acland.

Evidence · table

> 283

Context: New Acland

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-15)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:6a31b6d72fafefa1554b

#### Resource Data

- Category: indicated
- Tonnes: 230000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for New Acland.

Evidence · table

> 230

Context: New Acland

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-16)

New Acland · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: New Acland
- Commodity: coal
- Region: qld
- Reported Region: QLD
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:075c7a5052d145614421

#### Resource Data

- Category: inferred
- Tonnes: 123000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for New Acland.

Evidence · table

> 123

Context: New Acland

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-17)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:9ca07e77233f3363ab0e
- Ownership percent: 80 %

#### Resource Data

- Category: measured
- Tonnes: 155000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Bengalla \(80% interest\).

Evidence · table

> 155

Context: Bengalla

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-18)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:69ef8190e3d0678be39c
- Ownership percent: 80 %

#### Resource Data

- Category: indicated
- Tonnes: 162000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Bengalla \(80% interest\).

Evidence · table

> 162

Context: Bengalla

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-19)

Bengalla · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bengalla
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:720e1f3d25d660e695e1
- Ownership percent: 80 %

#### Resource Data

- Category: inferred
- Tonnes: 267000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Bengalla \(80% interest\).

Evidence · table

> 267

Context: Bengalla

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-20)

West Muswellbrook · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: West Muswellbrook
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:bb83b71f9e66769b00eb

#### Resource Data

- Category: measured
- Tonnes: 49000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for West Muswellbrook.

Evidence · table

> 49

Context: West Muswellbrook

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-21)

West Muswellbrook · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: West Muswellbrook
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:9a73d0438c134ddc9db5

#### Resource Data

- Category: indicated
- Tonnes: 270000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for West Muswellbrook.

Evidence · table

> 270

Context: West Muswellbrook

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-22)

West Muswellbrook · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: West Muswellbrook
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:dd170dfd69e45616e188

#### Resource Data

- Category: inferred
- Tonnes: 337000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for West Muswellbrook.

Evidence · table

> 337

Context: West Muswellbrook

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-23)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:9036c1ecf1b4483e057f

#### Resource Data

- Category: measured
- Tonnes: 110000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Elimatta.

Evidence · table

> 110

Context: Elimatta

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-24)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:62ad027b957c13357436

#### Resource Data

- Category: indicated
- Tonnes: 86000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Elimatta.

Evidence · table

> 86

Context: Elimatta

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-25)

Elimatta · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Elimatta
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:7793ac48d59b2d34f33c

#### Resource Data

- Category: inferred
- Tonnes: 43000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Elimatta.

Evidence · table

> 43

Context: Elimatta

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-26)

Collingwood · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Collingwood
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:166e31dd1176bb9c3b66

#### Resource Data

- Category: measured
- Tonnes: 43000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Collingwood.

Evidence · table

> 43

Context: Collingwood

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-27)

Collingwood · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Collingwood
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:3af9d94aa8f890796855

#### Resource Data

- Category: indicated
- Tonnes: 139000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Collingwood.

Evidence · table

> 139

Context: Collingwood

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-28)

Collingwood · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Collingwood
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:450ee21036b1a20c752b

#### Resource Data

- Category: inferred
- Tonnes: 94000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Collingwood.

Evidence · table

> 94

Context: Collingwood

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-29)

Taroom · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Taroom
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:a2cf6e5663b1dcba4a33

#### Resource Data

- Category: indicated
- Tonnes: 338000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Taroom.

Evidence · table

> 338

Context: Taroom

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-30)

Taroom · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Taroom
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:0737044190bc9fc6406d

#### Resource Data

- Category: inferred
- Tonnes: 122000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Taroom.

Evidence · table

> 122

Context: Taroom

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-31)

Woori · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Woori
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:b797775392d04ba9b203

#### Resource Data

- Category: indicated
- Tonnes: 67000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Woori.

Evidence · table

> 67

Context: Woori

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-32)

Woori · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Woori
- Commodity: coal
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:e4a62c9aa0a2f57f1729

#### Resource Data

- Category: inferred
- Tonnes: 42000000

#### Prior Estimate

- Resource Date: 2026-05-31

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Woori.

Evidence · table

> 42

Context: Woori

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-33)

Maxwell · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Maxwell
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:49be35b84b0f1418e6b0
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 602000000

#### Prior Estimate

- Resource Date: 2026-02-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-24T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Maxwell.

Evidence · table

> 602

Context: Total

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-34)

Maxwell · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Maxwell
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:1bc750f2d525f3f3cb32
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 996000000

#### Prior Estimate

- Resource Date: 2026-02-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-24T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Maxwell.

Evidence · table

> 996

Context: Total

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nhc-presentation-on-new-hope-and-malabar-to-combine--19bad9b2-8093-431a-965a-c16907f46364#fact-resource-facts-35)

Maxwell · coal

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Maxwell
- Commodity: coal
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: NHC

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:6acb27712658bb42f687
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 722000000

#### Prior Estimate

- Resource Date: 2026-02-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-09-24T00:00:00.000Z

#### Dates

- Event date: 2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Maxwell.

Evidence · table

> 722

Context: Total

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.