News: BCB Bowen Coking Coal Posts Qtrly Run-Of-Mine Coal Production Of 596Kt

July 24 (Reuters) - Bowen Coking Coal Ltd (BCB) :

• QTRLY RUN-OF-MINE COAL PRODUCTION OF 596KT WAS UP 27.3%
• QTRLY SALES OF PRODUCED COAL WAS 15% HIGHER AT 364KT
• QTRLY TOTAL SALEABLE COAL PRODUCTION WAS UP 85%
• STRATEGIC REVIEW COMMENCED ON BLUFF MINE, TO BE COMPLETED IN NEXT QUARTER
• DURING QUARTER AVERAGED INVOICED COAL SALES PRICE OF US$156.22/T
• FIRST COAL FOR ELLENSFIELD SOUTH REMAINS ON TRACK TO BE DELIVERED LATE IN Q3 OF 2023
• ANNUAL ROM PRODUCTION GUIDANCE FOR BLUFF REVISED TO 0.6-0.9MTPA FOR FY2024
• FOR BLUFF MINE, LOWER THAN EXPECTED ROM PRODUCTION LIKELY TO CONTINUE IN TO SEPT QUARTER
• BROADMEADOW EAST MINE WILL CONTINUE AT TEMPORARY PRODUCTION RAMP CAPACITY OF 1.5MT-1.7MTPA
• PRODUCTION FOR ELLENSFIELD SOUTH PLANNED TO RAMP UP TO STEADY STATE OF 2.0-2.4MTPA BY Q2 2024
• BROADMEADOW EAST MINE'S SHIPPING IS FORECAST TO BE OVER 430KT IN THE NEXT QUARTER