Bowen Coking Coal Ltd. announced that the acquisition of the Broadmeadow East coking coal project, located within the undeveloped Mining Lease 70257 ("Project" or "Broadmeadow East"), is now completed, following the satisfaction and/or waiver of all conditions precedent. As announced on the 24 June 2020, the Company's independent resource consultancy, Xenith Consulting, was commissioned to review all available and relevant data and have concluded with a Resource Estimate of 33Mt, in accordance with the JORC Code (2012). The transaction includes access rights to both the New Lenton Joint Venture Coal Handling and Preparation Plant ("CHPP") and the Train Load Out Facility ("TLO"), which are connected by an established haul road passing immediately adjacent to ML 70257. The Company has secured throughput capacity of a minimum of 1 Mtpa, with the ability to potentially increase this capacity to a total of 2 Mtpa subject to agreement. Broadmeadow East is covered by ML 70257 and is located about 25km northeast of the township of Moranbah, within the Central Bowen Basin in Queensland. It is approximately 30km north west of BCB's Isaac River project and 45km south of the Company's Hillalong Coking Coal Project. The Project is abutting Fitzroy's Ironbark No 1 project in the North East, Broadlea pit in the South and Peabody's Broadmeadow West mine to the West. Infrastructure Access: As part of the transaction, the Company has secured access to the New Lenton Joint Venture CHPP and associated TLO. The CHPP is located approximately 20km north of Broadmeadow East, whereas the TLO is located 10km to the south. The CHPP and TLO are currently on care and maintenance, however the recommissioning process is well understood. The TLO links into the Goonyella Rail System and is about 170 km by rail from the Dalrymple Bay Coal Terminal. Both the CHPP and TLO are owned by the New Lenton Joint Venture (New Hope Corporation Ltd & Formosa Plastics Corporation), who acquired adjoining mining leases and associated infrastructure from Peabody as part of the proposed development of their New Lenton Project. In that transaction, Peabody retained certain access rights to the CHPP and TLO, part of which are now being assigned on to BCB as part of this transaction. A number of wash plants exist in close proximity to Broadmeadow East providing additional near term processing options to tie in with the Company's rapid development schedule. The acquisition also includes land access for the purposes of exploration, development and mining. Next steps: The Company has engaged Xenith Consulting to conduct mine planning and design work and also Nitro Solutions to manage the environmental approval processes while the final transfer of title is underway. The Company is also designing a mini exploration program which will test the potential extension of the resource towards the South. Relevant environmental impact assessment data will also be collected during this program. Initial analysis of the washability data has determined that the coal can be washed at lower density levels (albeit at lower primary yields) to create a higher quality coking coal at 8.7% ash with CSN as high as 7 whilst still producing a high energy secondary thermal coal. Therefore, the exploration plan will include large diameter drill holes to provide detail coal quality analysis which will be used for marketing purposes.