Supplementary PFS at Groundhog North Delivers $1.7Bn NPV

Atrum Coal NL (“Atrum” or the “Company”) (ASX: ATU) is pleased to announce the results of its optimisation of the Groundhog North underground mine Pre-Feasibility study. New developments at Atrum’s Groundhog Anthracite Project including acquisition of additional leases, additional drilling and coal quality test work, has led to an increase in JORC Resources, which has in turn facilitated
improvements in project economics due to optimisation of the mine plan combined with refinement of road, rail and port infrastructure plans.

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