The Board of Stanmore Coal Limited has been notified by Craig McCabe of his resignation from the company. Mr. McCabe has served as CEO of Stanmore since April 2020, successfully transitioning the company to its new majority owners, Golden Investments (Australia) Pte Ltd. Mr. Marcelo Matos has been appointed as Interim CEO to ensure an orderly transition of leadership. Mr. Matos will remain a Director of the company throughout the appointment. Mr. Matos has over 20 years of experience in management, marketing, strategy and planning, and business development roles in the mining sector in Australia, Asia, Mozambique and Brazil. Mr. Matos worked for Vale for many years in various senior roles, including as its Chief Marketing and Strategy Officer for Coal as well as its Managing Director in Australia, where he was responsible for the various operations and projects in Australia, including Vale's interests at the Isaac Plains Joint Venture at the time. Mr. Matos' executive role prior to the current appointment was as Chief Commercial Officer for M Resources. Mr. McCabe's services will be available to the business, if required, until 30 September 2020 to work with Mr. Matos and the leadership team to manage the transition.