Letter of Demand received from BUMA Australia Pty LtdSummary•...

Letter of Demand received from BUMA Australia Pty Ltd
Summary
• Bowen Coking Coal Ltd has received a letter of demand from BUMA Australia Pty Ltd for
payment of invoices totalling $15,288,017.28 (incl. GST) .
• Bowen is considering whether continuing commercial negotiations and recapitalisation
efforts remain viable.
Bowen Coking Coal Ltd (ASX : BCB) (‘Bowen’ or ‘the Company’) advises that after market
close on 14 July 2025, it received a letter of demand from BUMA Australia Pty Ltd (‘BUMA’)
for the payment of $15,288,017.28 (incl. GST) by midday 16 July 2025.
Until receipt of this demand, the Company has been pursuing commercial negotiations with BUMA
and its senior secured lender, Taurus, on payment deferment or alternative consideration to BUMA.
In light of receipt of this demand, the Company is reconsidering its financial and legal position.
While the Company wishes to continue active engagement with BUMA to find a reasonable
commercial resolution, unless BUMA immediately withdraws the demand or offers an extension of
time for payment to allow further negotiation, the Company is compelled to consider whether
continuing commercial negotiations with BUMA and Taurus, and discussions with the Queensland
Revenue Office, as referenced in its ASX announcements of 14 July 2025 , remain viable.
The Board of the Company has authorised the release of this announcement to the market.