Ann: Annual Report, page-11

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30/09/21

16:09

Post #: 56472455
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Originally posted by Yeatesy: ↑

From the annual report.... This could be absolutely amazing! Cokal might be looking at a production rate 4-5Mt/year by late next year/early 2023.

Post year end, the Group has called for tenders for resource delineation drilling at its Tambang Benua Alam Raya (TBAR)
lease area in the Puruk Cahu Regency of Central Kalimantan. Due to the proximity of TBAR, next door to BBM and its
prospectivity evidenced in earlier exploration, the possible delineation of a commercial resource at TBAR will increase
the opportunity for early expansion of production well beyond the production profile that Cokal has planned for BBM.
Future development of TBAR will be supported by the existing BBM infrastructure saving costs which will also assist in
fast tracking its development. During the year the TBAR IUP for exploration licence was extended, and the Group is
focussed on the development of the TBAR resource as a priority for this current financial year.

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well said yeatesy

at a production rate of 4Mtpa and at a conservative average coking coal price of $200usd pt in 2022 calendar year

that's revenue of $800m py

imagine recycling that usd$ cashflow into into more tenements and fast racking tbar and you can see that paying dividends becomes a reality

onwards and upwards

CKA Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

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