CKA 11.1% 8.0¢ cokal limited

Ann: Trading Halt, page-68

  1. 237 Posts.
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    Underground mining was always the plan for BBM, seams D and J were also economical for open pit mining. The initial scoping report notes strong roof conditions for underground mining, and the J seam is approx 1.2m x 0.3. This sounds relatively low risk.

    We haven’t heard much about seam D, is this accessible yet? Will they exhaust J before starting D?

    I also note that CKA can retain up to 70% ownership of BBM with the provision of underground mining. Does this mean we will be looking to acquire an additional 10% from our 40% sponge once complete?
 
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