Bowen Coking Coal Ltd. announced the maiden resource estimate for Hillalong North deposit, part of its Hillalong Coking Coal Project located in close proximity to the Glencore, Marubeni and Sumitomo owned Hail Creek mine in the Northern Bowen Basin, Queensland. The 99 km2 Project comprises EPC 1824 and EPC 2141 which is currently the subject of a farm in agreement with Sumitomo Corporation. Exploration expenditure for Hillalong is covered under the Sumitomo Farm-In Agreement wherein Sumitomo currently holds a 10% interest having spent $2.5 million during Phase 1 and if they elect to proceed with Phase 2, may spend up to a further $5 million to earn an additional 10% of the Project. Following the recent drilling program that was completed at Hillalong North in May 2020, the Company confirmed that the target seams were intersected in 26 of the 27 sites, and the main target seams (Elphinstone and/or Hynds Upper) were encountered in approximately 75% of the holes from depths as shallow as 5 m (weathered) and 12 m (unweathered). The 2020 Hillalong North exploration program covered less than 10% of the surface area of the total Hillalong Project, focussing on the northern prospective target area identified from a review of historic Rio Tinto drilling data. Xenith Consulting has estimated a total resource of 43 Mt in accordance with the JORC Code, of which 19.5 Mt is shallower than 150 m deep, a typical depth cut-off for open cut resources. Importantly, the resource area remains open in both directions (East and South West), providing opportunities to expand on this maiden resource estimate. Raw coal quality data is extremely positive in terms of coking coal indicators for both the Elphinstone and Hynds seams. Fast float laboratory testing, a procedure designed to provide an initial indication of the primary coking properties and yields at a 1.375 density cut point, indicated the potential to wash to a high quality coking coal from both the Elphinstone and Hynds Upper seams in all 3 boreholes for which the results have been received to date. CSN results as high as 8.5 (average of 7.5 for all seams) and fluidity as high as 1500 ddpm (average of 735 ddpm for all seams) were observed at an average ash of 8.1% (air dried) at yields ranging between 44% and 80% for a primary product only. Further detail will be released to the market once the wash ability tests has been completed and all the data has been received. Next steps: Fast float and wash ability analysis are underway which will give a more definitive indication of the potential final product quality. Work has already commenced on defining the next phase exploration plan, which will form part of Phase 2 under the Sumitomo Farm-In, should they elect to proceed. Phase 2 will also include conceptual mine planning studies and preliminary environmental studies.