20 15 ANNUAL REPORT

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First coal shipment from BNU Mine, Mongolia, October 2014 Our Company, although small, operates with a group of skilled professionals who are committed to progressing Guildford Coal Limited into a midtier, global resources company. I would personally like to thank our management team and staff for their continued loyalty, hard work and passion and congratulate them for their achievements over the financial year. As we move through the implementation of our corporate strategy, I would like to thank you, our shareholders, for your ongoing support and commitment. The Honourable Craig Wallace Chairman GUILDFORD COAL ANNUAL REPORT Page 6
GUILDFORD COAL GROUP MANAGING DIRECTOR’S REPORT I am pleased to present to you our progress over the last twelve months as part of Guildford Coal’s Annual Report. In particular I’d like to highlight aspects of our new corporate strategy as we look to the future with confidence. Managing Director - Michael Avery Dear Shareholders, At Guildford Coal, our management team has made significant gains on implementing our strategy, particularly over the last six months and we have some exciting and beneficial opportunities facing us into the next half year and beyond. Vision & Strategy A globally diverse strategy in the resource and energy sector with the principal and unrelenting focus on the development of a high yielding diversified asset portfolio for our investors. Guildford continues to investigate the merits and mechanisms for a potential listing on an Asian stock exchange. This was a crucial recommendation flowing from the strategic review of the Company which was completed in early 2015. However, shareholders are advised that there is no certainty or assurance that the potential listing will proceed or be completed. The Company will make the necessary announcements when there are further developments in relation to the listing. Guildford Coal has established a regional presence in Singapore, a strategic move towards being closer to operations, customers, financiers and key shareholders. To rationalise the Corporate structure and reduce overheads, the Brisbane Office was closed and the Guildford corporate headquarters is now located in Townsville, Australia. One of our key achievements has been the commissioning of the Mongolian Baruun Noyon Uul (BNU) coking coal mine, enabling the Company to transition from explorer to miner status. Multi Market Growth During the financial year we have successfully transitioned from explorer to operator; our future continues to focus on growth through acquisitions and moving our existing exploration assets into the operational space. The continued development and ramp up of the BNU mine to commercial production levels saw the following material movements since commencement and as at June 30, 2015: GUILDFORD COAL ANNUAL REPORT Page 7
Page 1 and 2: 20 15 ANNUAL REPORT GUILDFORD COAL
Page 3 and 4: GUILDFORD COAL CONTENTS COMPANY OVE
Page 5: GUILDFORD COAL CHAIRMAN’S LETTER
Page 9 and 10: Above : BNU Operations, Mongolia Ri
Page 11 and 12: STRATEGY Explorer to global produce
Page 13 and 14: PROJECT UPDATE MONGOLIA Equity stak
Page 15 and 16: Mongolia - South Gobi The South Gob
Page 17 and 18: GUILDFORD COAL ANNUAL REPORT Page 1
Page 19 and 20: Above : Map of Queensland Guildord
Page 21 and 22: Springsure Project Key highlights:
Page 23 and 24: Logistics: The projects proximity t
Page 25 and 26: Sierra Project Key highlights: •
Page 27 and 28: mineralisation on Mid Gobi Project
Page 29 and 30: DIRECTORS’ REPORT FOR THE YEAR EN
Page 31 and 32: Mr Michael Avery Qualifications Exp
Page 33 and 34: Loo Hwee Fang Independent Director
Page 35 and 36: Mr Peter Kane Qualifications Experi
Page 37 and 38: - Dates for conversion: at any time
Page 39 and 40: INCOME STATEMENT ANALYSIS The Group
Page 41 and 42: ii. Subsequent to this, an in princ
Page 43 and 44: • JORC Code (2012) resource of 32
Page 45 and 46: elation to OCP convertible notes an
Page 47 and 48: producers, climate, inflation, inte
Page 49 and 50: • There has been no increase to b
Page 51 and 52: 8. Remuneration details for the yea
Page 53 and 54: (6) Craig Ransley is a 0.09% shareh
Page 55 and 56: elation to gender, age, cultural ba
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Ernst & Young 111 Eagle Street Bris
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED STATEMENT OF CHANGES I
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The financial report of Guildford C
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the subsidiary and ceases when the
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Other taxes Revenues, expenses and
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The effective interest method is us
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Exchange differences arising on tra
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t) Earnings per share Basic earning
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w) New Accounting Standards and Int
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2015 2014 $ $ Other operating expen
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Basis of accounting for purposes of
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e) Segment assets and liabilities A
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Note 9 Other assets 2015 2014 $ $ C
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Movements in carrying amounts of in
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12929X Mid Gobi, Mongolia 100% 100%
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to extend the principle repayment o
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until 8 July 2015. The Group was th
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) Acquisition reserve Acquisition r
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Note 20 Cash flow Information a) Re
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$ Consideration received - Net asse
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Note 23 Fair value measurement The
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Note 25 Financial risk management T
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Foreign currency risk sensitivity a
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Note 27 Contingencies Contingent li
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Note 29 Events occurring after the
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DECLARATION BY DIRECTORS The direct
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i ii giving a true and fair view of
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GUILDFORD COAL ANNUAL REPORT Page 1
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20 15 ANNUAL REPORT

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