NRW Holdings Limited’s wholly owned subsidiary, Golding Contractors Pty Ltd (Golding), has signed a mining services agreement (MSA)
with Stanmore SMC Pty Ltd (Stanmore) at the South Walker Creek (SWC) mine in central Queensland, Australia.

The MSA has a total value of approximately A$1.6 billion ($1.07 billion) over a five-year term, commencing in January 2026.

The scope of the MSA includes operating and maintaining eight fleets of heavy mining equipment to remove overburden and mine steel-making coal consistent with current contractual arrangements. The Golding-owned assets employed consist of those assets purchased as part of the HSE SWC contract acquisition that completed on August 1, 2024.

South Walker Creek is an open-cut mine 35 km west of Nebo in Queensland’s Bowen Basin. The mine has been operating since 1996 and adopts a multi-bench, open-cut mining method uising a dragline, and truck and hydraulic excavators. With a mine life of 25-plus years, South Walker Creek produced 4.9 Mt of high-quality low volatile PCI coal in the 2021 financial year. Stanmore Resources acquired BHP’s 80% interest in BMC in May 2022, becoming the operator of South Walker Creek.

The MSA provides employment to approximately 650 personnel mostly residing within the region.

NRW Chief Executive Officer, Jules Pemberton, said: “I am delighted to announce that NRW has been awarded this contract with Stanmore,
allowing us to build on the successful relationship we have had with Stanmore over a long period. NRW’s drilling and blasting subsidiary ADB is currently working with Stanmore at SWC and Golding now renews its prior association. With the addition of the SWC MSA, NRW’s order book climbs to a record A$7 billion. I look forward to a successful partnership with Stanmore.”