Feasibility study delivered to Eskom and final burn test nearing completion The Waterberg Coal Company Limited (formerly Range River Gold Limited) (Incorporated in Australia) (Registration number ABN 64 065 480 453) ASX: WCC | JSE: WCC | ISIN: AU000000WCC9 (“WCC” or “the Company”) ASX Release FEASIBILITY STUDY DELIVERED TO ESKOM AND FINAL BURN TEST NEARING COMPLETION 6 February 2014 LETTER OF INTENT SIGNED WITH ARDBEL Highlights THE WATERBERG COAL COMPANY - Eskom Feasibility Study delivered LIMITED - Final bulk sample burn test presently underway ABN 64 065 480 453 - Final Coal Supply Agreement negotiations continue - Letter of Intent for Engineering and Procurement and Construction Level 1 Contractor Signed 330 Churchill Avenue Subiaco WA The Waterberg Coal Joint Venture Partners (WCJVP) are very pleased to report that Australia they have completed a Feasibility Study (Study) into the development of an opencast mining operation to produce 10 million tonnes of coal (Product) per annum for Eskom for an initial term of 30 years. Tel:+61 8 9200 4243 Fax: +61 8 9200 4469 The Study was completed pursuant to the Memorandum of Understanding (MOU) with Eskom for the proposed Coal Supply Agreement (CSA) and is confidential. Contact: The WCJVP are presently updating the Study which will be released as a full Bankable Mr Brian McMaster Feasibility Study (BFS) on completion. Executive Chairman A condition precedent of the CSA is for Eskom to complete a burn test on a bulk sample of approximately 200,000 tonnes of Product. Eskom has now taken delivery of E-mail: this bulk sample and it is expected that this Product will be tested over the course of info@waterbergcoal.com.au the next 30 days. Discussions between the WCJVP and Eskom as to the terms of the CSA are well advanced. Directors: Brian McMaster The Company is also very pleased to announce that it has entered into a Letter of Stephen Miller Intent with Ardbel, a joint venture between ELB engineering services and the DRA Mathews Phosa group, which collectively are the pre-eminent materials handling and engineering Jonathan Hart services provider to the mining sector in South Africa as its preferred Engineering, Procurement and Construction contractor for the proposed development of the Daniel Crennan Waterberg Coal Project. Scott Funston Stephen Miller Director ASX / JSE Symbol: WCC The Waterberg Coal Company Limited 6 February 2014 JSE Sponsor The Standard Bank of South Africa Limited Date: 06/02/2014 10:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.