Appalachian Coal Prices, page-2

We draw attention to Note 1(a)(v) in the financial report, which indicates that the Group incurred a total comprehensive loss of $42,415,000 and a net cash outflow from operating activities of $12,133,000 during the financial year ended 30 June 2017 and will require additional funding to meet the Group’s liabilities in respect of forecast expenditure within twelve months from the date of this report. These conditions, along with other matters set forth in Note 1(a)(v), indicate that a material uncertainty exists that may cast significant doubt about the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.