ECORA RESOURCES PLC

Regulatory Filings • Dec 31, 2021

National Storage Mechanism | Additional information

RNS Number : 1136X

Anglo Pacific Group PLC

31 December 2021

News Release

31 December 2021                          

Anglo Pacific Group PLC

Completion of Narrabri thermal coal royalty sale

Further to the announcement on 14 October 2021, Anglo Pacific Group PLC ("Anglo Pacific", the "Company", or the "Group") (LSE: APF, TSX: APY) is pleased to announce the completion of the sale of its 1% gross revenue royalty over the Narrabri mine to the operator, Whitehaven Coal Limited ("Whitehaven") for consideration of up to $36 million.

The consideration is structured as fixed payments totalling $21.6 million and contingent payments which could generate a further $14million. The fixed payments are to be received in instalments until 31 December 2026, of which ~$13 million will be received within the next 18 months.

The completion of the sale of the Narrabri royalty marks the Group's exit from thermal coal as we continue to pursue our strategy of increasing our exposure to commodities that support a more sustainable world. We remain active, evaluating opportunities and are confident in our pipeline and ability to further diversify the business.

The Group will release its Q4 2021 trading update in January 2022, which will include further details on the Chief Executive Officer transition.

For further information:

Anglo Pacific Group PLC	+44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer Kevin Flynn - Chief Financial Officer Marc Bishop Lafleche - Chief Investment Officer
Website:	www.anglopacificgroup.com
Berenberg	+44 (0) 20 3207 7800
Matthew Armitt / Jennifer Lee / Varun Talwar / Detlir Elezi
Peel Hunt LLP	+44 (0) 20 7418 8900
Ross Allister / Alexander Allen / David McKeown
RBC Capital Markets Farid Dadashev / Marcus Jackson / Jamil Miah	+44 (0) 20 7653 4000
Camarco	+44 (0) 20 3757 4997
Gordon Poole / Owen Roberts / Charlotte Hollinshead

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

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