Sector Profile/ Resources A natural hub for resource capital

Access capital with confidence, via ASX

ASX is a world leader in resource capital raising, with nearly 150 years experience of funding the industry. Today, it provides access to a sophisticated network of investors, analysts and advisers, and an unrivalled depth of knowledge. Listing with ASX allows you to join a powerful peer group, including several of the world’s largest diversified and specialised resource companies such as BHP, RIO, Woodside Petroleum and , as well as many successful mid-tier producers and junior miners. Developing exploration projects requires the capital equity markets can provide, and ASX investors have supported over 350 resource IPOs in the past 10 years.

Resource and energy companies typically choose to list From junior explorers to world leaders with ASX because it offers: With approximately 800 resource companies involved in mineral xx The opportunity to be part of a world-class peer group, alongside exploration, development and production in over 80 countries, this some of the world’s leading resource companies and a strong group is ASX’s largest industry sector by number of companies and total of junior explorers. market capitalisation. xx Access the one of the largest and fastest growing pension pools Listings from abroad are also popular options. Recent listings include globally, with strong retail and institutional presence. the Canadian miner Kirkland Lake Gold that listed on ASX in 2017 xx A main board listing, broadening investor reach and credibility. on the back of its growing presence in Australia. This followed on from listings on both the Toronto Stock Exchange (TSX) and New York Stock xx Opportunity to be part of specific gold and resources indices, Exchange (NYSE). enhancing investor access and liquidity. Coronado Global Resources, a US incorporated coal producer chose to xx A proven history with nearly 150 years experience of funding list on ASX in order to provide a liquid market for its securities, repay mining companies with a knowledgeable investor base. existing debt facilities and provide them with the financial flexibility Located in one of the world’s major mining regions and in close that improved access to capital markets allow. proximity to Asia, ASX attracts global resource investors.

Capital with confidence ­­— Listing with ASX 1 Value of Metals and Mining Stocks by Industry Value of Energy Stocks by Industry

Aluminum Steel Oil & Gas Refining Coal & 2% 12% & Marketing Consumable Fuels Copper 10% 15% 1%

Integrated Oil & Gas 11% Diversified Gold, Precious Market Cap: Metals & Market Cap: $346 billion $122 billion Metals & Mining Oil & Gas Minerals 60% Equipment 25% & Services 7% Oil & Gas Exploration & Production 57%

Source: Bloomberg as at 9 July 2019, aggregated across global markets. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined. Metals and Mining market capitalisation numbers reflect ASX listed entity valuations for BHP & .

FY19 IPOs

CAPITAL MARKET LISTING RAISED CAPITALISATION ASX CODE COMPANY NAME SUB-INDUSTRY^ DATE (A$ m) (A$ m) LEAD MANAGER/S VEA Viva Energy Group Ltd Oil & Gas Refining & Marketing 13-Jul-18 $2,650.0 $4,861.3 Deutsche Bank, Merrill Lynch, UBS AG CRN Coronado Global Resources Inc Steel 23-Oct-18 $773.7 $3,866.1 Bell Potter, Credit Suisse, Goldman Sachs, UBS AG NIC Nickel Mines Ltd Diversified Metals & Mining 20-Aug-18 $200.0 $485.8 Bell Potter VEN Vintage Energy Ltd Oil & Gas Exploration & Production 17-Sep-18 $30.0 $52.8 RBC, Taylor Collison RLT Renergen Ltd 06-Jun-19 $10.0 $90.1 Level 26 CR1 Constellation Resources Ltd Diversified Metals & Mining 30-Jul-18 $7.0 $7.0 n/a NWM Norwest Minerals Ltd Diversified Metals & Mining 29-Nov-18 $6.6 $12.6 CPS Capital Group EMN Euro Manganese Inc Diversified Metals & Mining 02-Oct-18 $6.5 $43.2 Canaccord Genuity CBY Canterbury Resources Ltd Diversified Metals & Mining 07-Mar-19 $6.1 $23.6 Canaccord Genuity BDG Black Dragon Gold Corp Gold 29-Aug-18 $6.0 $22.2 Hartleys 2BE Tubi Ltd 14-Jun-19 $5.8 $48.5 KTM Capital MOH Moho Resources Ltd Gold 07-Nov-18 $5.3 $8.5 RM Corporate Finance RFR Rafaella Resources Ltd Diversified Metals & Mining 26-Jul-18 $5.0 $7.6 Everblu Capital TMR Tempus Resources Ltd Diversified Metals & Mining 15-Aug-18 $5.0 $7.3 Aesir Capital KWR Kingwest Resources Ltd Gold 24-Aug-18 $5.0 $10.2 Peloton Capital ARN Aldoro Resources Ltd Diversified Metals & Mining 13-Sep-18 $5.0 $6.9 Xcel Capital QEM QEM Ltd Diversified Metals & Mining 19-Oct-18 $5.0 $20.0 Vested Equities YRL Yandal Resources Ltd Gold 14-Dec-18 $5.0 $10.7 Panthea Capital MRZ Mont Royal Resources Ltd 07-May-19 $5.0 $7.5 Peloton Capital SLZ Sultan Resources Ltd Diversified Metals & Mining 16-Aug-18 $4.8 $6.4 ARQ Capital, Xcel Capital GSM Golden State Mining Ltd Gold 08-Nov-18 $4.6 $6.9 Hartleys CRS Caprice Resources Ltd Diversified Metals & Mining 05-Dec-18 $4.5 $6.6 Discovery Capital Partners, Nascent Capital Partners A1G African Gold Ltd Gold 14-Feb-19 $4.5 $11.0 n/a CM1 Coolgardie Minerals Ltd Gold 30-Aug-18 $4.3 $20.7 CPS Capital Group A40 Alliance Mineral Assets Ltd Diversified Metals & Mining 05-Dec-18 – $405.7 n/a KPE Kina Petroleum Corp 05-Apr-19 – $21.5 n/a

^Bloomberg Source: ASX

Capital with confidence ­­— Listing with ASX 2 Top 100 stocks

MARKET CAPITALISATION COUNTRY OF ASX CODE COMPANY NAME (A$ m)^ SUB-INDUSTRY^ INCORPORATION^ BHP BHP Group Ltd $120,868.3 Diversified Metals & Mining Australia RIO Rio Tinto Ltd $38,829.2 Diversified Metals & Mining Australia WPL Woodside Petroleum Ltd $33,776.3 Oil & Gas Exploration & Produc Australia FMG Fortescue Metals Group Ltd $27,248.8 Steel Australia NCM Ltd $24,422.1 Gold Australia S32 Ltd $15,817.4 Diversified Metals & Mining Australia STO Santos Ltd $14,372.5 Oil & Gas Exploration & Produc Australia ORG Origin Energy Ltd $13,350.0 Integrated Oil & Gas Australia KLA Kirkland Lake Gold Ltd $12,633.4 Gold Canada AGG Anglogold Ashanti Ltd $10,719.0 Gold South Africa OSH Oil Search Ltd $10,642.7 Oil & Gas Exploration & Produc Papua New Guinea WOR Worleyparsons Ltd $7,935.8 Oil & Gas Equipment & Services Australia NST Northern Star Resources Ltd $7,374.5 Gold Australia EVN Evolution Mining Ltd $7,348.3 Gold Australia AWC Alumina Ltd $6,738.8 Aluminum Australia CTX Caltex Australia Ltd $6,290.1 Oil & Gas Refining & Marketing Australia BSL Bluescope Steel Ltd $6,171.9 Steel Australia SOL Washington H. Soul Pattinson And Co Ltd $5,443.8 Coal & Consumable Fuels Australia ILU Ltd $4,470.0 Diversified Metals & Mining Australia BPT Beach Energy Ltd $4,351.5 Oil & Gas Exploration & Produc Australia VEA Viva Energy Group Ltd $4,200.2 Oil & Gas Refining & Marketing Australia YAL Yancoal Australia Ltd $4,185.8 Coal & Consumable Fuels Australia WHC Whitehaven Coal Ltd $3,837.4 Coal & Consumable Fuels Australia CRN Coronado Global Resources Inc $3,431.1 Steel United States of America OZL Oz Minerals Ltd $3,190.2 Copper Australia SAR Saracen Mineral Holdings Ltd $3,002.7 Gold Australia MIN Mineral Resources Ltd $2,923.1 Diversified Metals & Mining Australia IGO Independence Group NL $2,911.2 Diversified Metals & Mining Australia RRL Regis Resources Ltd $2,804.2 Gold Australia ZEL Z Energy Ltd $2,416.0 Oil & Gas Refining & Marketing New Zealand OGC Oceanagold Corp $2,288.2 Gold Canada NHC New Hope Corp Ltd $2,186.2 Coal & Consumable Fuels Australia SBM Ltd $2,184.4 Gold Australia SGM Sims Metal Management Ltd $2,177.3 Steel Australia LYC Lynas Corp Ltd $1,803.1 Diversified Metals & Mining Australia AQG Alacer Gold Corp $1,460.4 Gold Canada ASL Ausdrill Ltd $1,258.3 Diversified Metals & Mining Australia CIA Champion Iron Ltd $1,247.0 Steel Australia SFR Sandfire Resources NL $1,093.0 Copper Australia RSG Resolute Mining Ltd $1,046.2 Gold Australia GOR Gold Road Resources Ltd $1,027.2 Gold Australia MGX Mount Gibson Iron Ltd $1,017.1 Steel Australia SLR Silver Lake Resources Ltd $990.2 Gold Australia PLS Ltd $907.2 Diversified Metals & Mining Australia ZIM Zimplats Holdings Ltd $893.4 Precious Metals & Minerals Guernsey COE Cooper Energy Ltd $859.4 Oil & Gas Exploration & Produc Australia KDR Kidman Resources Ltd $763.0 Diversified Metals & Mining Australia ORE Ltd $730.1 Diversified Metals & Mining Australia PRU Perseus Mining Ltd $723.8 Gold Australia WGX Westgold Resources Ltd $710.2 Gold Australia NIC Nickel Mines Ltd $671.2 Diversified Metals & Mining Australia JMS Jupiter Mines Ltd $666.1 Diversified Metals & Mining Australia OMH Om Holdings Ltd $642.6 Diversified Metals & Mining Bermuda CVN Carnarvon Petroleum Ltd $614.6 Oil & Gas Exploration & Produc Australia WSA Western Areas Ltd $560.8 Diversified Metals & Mining Australia RMS Ramelius Resources Ltd $542.7 Gold Australia GXY Ltd $534.2 Diversified Metals & Mining Australia SXY Senex Energy Ltd $501.3 Oil & Gas Exploration & Produc Australia IMD Imdex Ltd $454.6 Diversified Metals & Mining Australia FAR Far Ltd $439.6 Oil & Gas Exploration & Produc Australia MAH Ltd $398.7 Diversified Metals & Mining Australia AMI Aurelia Metals Ltd $394.9 Diversified Metals & Mining Australia SMR Stanmore Coal Ltd $370.1 Coal & Consumable Fuels Australia

Capital with confidence ­­— Listing with ASX 3 Top 100 stocks continued

MARKET CAPITALISATION COUNTRY OF ASX CODE COMPANY NAME (A$ m)^ SUB-INDUSTRY^ INCORPORATION^ TBR Tribune Resources Ltd $339.1 Gold Australia BGL Bellevue Gold Ltd $338.2 Gold Australia SYR Syrah Resources Ltd $326.9 Diversified Metals & Mining Australia GRR Grange Resources Ltd $318.3 Steel Australia BCK Brockman Mining Ltd $304.3 Copper Bermuda WAF West African Resources Ltd $295.6 Gold Australia RED Red 5 Ltd $273.5 Gold Australia BSE Base Resources Ltd $268.3 Diversified Metals & Mining Australia IMA Image Resources NL $267.3 Diversified Metals & Mining Australia TER Terracom Ltd $256.9 Coal & Consumable Fuels Australia HE8 Helios Energy Ltd $254.4 Oil & Gas Exploration & Produc Australia ATS Australis Oil & Gas Ltd $251.4 Oil & Gas Exploration & Produc Australia MLD Maca Ltd $250.6 Diversified Metals & Mining Australia PDN Ltd $245.3 Coal & Consumable Fuels Australia AJM Altura Mining Ltd $244.4 Diversified Metals & Mining Australia INR Ioneer Ltd $236.0 Diversified Metals & Mining Australia KAR Karoon Energy Ltd $235.1 Oil & Gas Exploration & Produc Australia FMS Flinders Mines Ltd $230.0 Steel Australia BRL Bathurst Resources Ltd $199.8 Steel New Zealand ALK Alkane Resources Ltd $197.4 Gold Australia NCZ New Century Resources Ltd $194.7 Diversified Metals & Mining Australia RND Rand Mining Ltd $186.5 Gold Australia ADT Adriatic Metals Plc $185.5 Diversified Metals & Mining Great Britian A40 Alliance Mineral Assets Ltd $185.4 Diversified Metals & Mining Australia COI Comet Ridge Ltd $182.0 Oil & Gas Exploration & Produc Australia TGN Tungsten Mining NL $178.6 Diversified Metals & Mining Australia PNR Pantoro Ltd $177.5 Diversified Metals & Mining Australia GLL Galilee Energy Ltd $177.2 Oil & Gas Exploration & Produc Australia C6C Copper Mountain Mining $173.1 Copper Canada CII CI Resources Ltd $166.4 Diversified Metals & Mining Australia MLX Metals X Ltd $165.4 Diversified Metals & Mining Australia SEA Sundance Energy Australia Ltd $165.0 Oil & Gas Exploration & Produc Australia CYL Catalyst Metals Ltd $164.1 Gold Australia ATU Atrum Coal Ltd $164.0 Steel Australia LTR Liontown Resources Ltd $161.0 Diversified Metals & Mining Australia GGG Greenland Minerals Ltd $158.6 Diversified Metals & Mining Australia PAN Panoramic Resources Ltd $157.8 Diversified Metals & Mining Australia

^ Bloomberg. Ranked by market capitalisation at 9 July 2019, aggregated across global markets. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined. BHP & Rio Tinto market capitalisation reflects ASX listed entity valuations only.

Capital with confidence ­­— Listing with ASX 4