A NI-43-101 technical report on Kestrel coal mine royalty, Queensland, commonwealth of Australia / Технический отчет по каменноугольной шахте Кестрел

SRK Consulting (UK) Limited (“SRK”) is an associate company of the international group holding company, SRK Consulting (Global) Limited (the “SRK Group”). SRK has been commissioned by Anglo Pacific Group Plc (“Anglo Pacific”, hereinafter referred to as the “Company”) to prepare a technical report (the “Technical Report”), in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), Form 43-101F1 – Technical Report (the “Form 43-101F1”), and Companion Policy 43-101CP (the “Companion Policy”) as published and updated from time to time (latest 23 December 2005) by the Canadian Securities Administrators (“CSA”) on the Company’s royalty in relation to the Kestrel Coal Mine (“Kestrel Mine”), Queensland, Commonwealth of Australia (“Australia”). The Company, via its wholly owned Australian subsidiary Gordon Resources Limited (“GRL”), owns half of the royalty entitlement (the remaining 50% is held by three other major institutions) to the output from: 
 Kestrel Mine which is operated by Kestrel Coal Pty Ltd (“Kestrel Coal”) and for which the most recent marketable reserves over which the royalty is applicable is circa 56Mt. This 
is from 68Mt of ‘Coal Reserves’ and an assumed yield of 82.4%; and 
 Gregory Crinum Mine which is operated by BHP Billiton Mitsubishi Alliance (“BMA”) and for which the most recent marketable reserves over which the royalty is applicable is circa 17Mt. This is from 21Mt of ‘Coal Reserves’ and an assumed yield of 82.4%. <...>