Financial PerformanceThe company finished the quarter with higher cash reserves than expected due to recent note issuance and working capital unwind.
Operational PerformanceOperationally NHC is performing strongly, with the Bengalla mine operating at an annualized rate of 14.8Mtpa, well above the 13.5Mtpa nameplate of the recently completed expansion.
Production GuidanceThe ramp-up of New Acland Stage 3 (NAC3) is progressing well with NHC securing spot rail capacity, and has upgraded coal sales guidance from 0.66Mt to 0.80Mt for FY24.