Bowen Coking Coal Ltd. announced it has signed mandate documentation including an indicative terms sheet with Taurus Mining Finance Fund No. 2 L.P. in relation to the provision of debt financing to support the Company's capital requirements. The debt financing will mark an important milestone in the Company's transition to coal production, with significant strides made in recent months to operationalise its key development assets.

The new debt facility contemplated by the mandated documentation is proposed to be senior secured with an aggregate limit of $55 million (circa AUD 76 million). The facility is intended to be utilised for capital expenditure, general working capital and expenses incurred in recommissioning the Burton CHPP, developing the Burton and Broadmeadow East projects and operating the Bluff Mine.