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31/07/20
12:25
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Bowen Coking Coal (ASX:BCB) reports a steady June quarter
- Bowen Coking Coal (BCB) has provided an update on operations and its cash position for the June quarter
- An important milestone for the company was the binding agreement with Peabody to acquire the Broadmeadow East Project in Queensland
- Conveniently, the project lies 30 kilometres northwest of BCB's Isaac River Project and 45 kilometres south of its Hillalong Coking Coal Project
- Sumitomo chose to proceed with the Hillalong Joint Venture by funding $2.5 million to gain a 10 per cent interest in the project
- In late-June, Bowen Coking Coal raised $2.25 million to go towards the Isaac River Project
- Furthermore, Bowen Coking Coal ended the quarter with just shy of $2.4 million
- Company shares ended the day in the grey, to trade for 5.3 cents each.
Read the full article on The Market Herald here: https://themarketherald.com.au/bowen-coking-coal-asxbcb-reports-a-steady-june-quarter-2020-07-31/
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