Lublin Coal Project provided Prairie Mining with 6.34 mln tons of coal

Prairie Mining Limited, an Australian emerging coal developer in Poland, produced 6.34 million tons of coal from the Lublin Coal Project ("LCP"). The Lublin Coal Project currently has 139.1 million tons of marketable reserves, that equals a 24-year mine life from the start of production. Operating costs of coal production is $25 per ton. Annual EBITDA is estimated at USD 348 mln. Prairie has also confirmed Free Swell Index (FSI) numbers of 3.5 – 6.0 in all target mining areas of the key 391 coal seam, comparable to the international benchmark for semi-soft coking coals as well as semi-soft coking coals already produced in Poland.