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    BCB   AU000000BCB5

BOWEN COKING COAL LIMITED

(BCB)
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Noosa Mining Conference Presentation

11/11/2021 | 07:07pm EST

12 November 2021

Noosa Mining Conference

onlyBowen Basin's next independent coking

usecoal producer.

Nick Jorss

Executive Chairman ersonal

Disclaimer

Cautionary Statement

onlyThis presentation has been prepared by Bowen Coking Coal Limited (BCB, ASX:BCB or Bowen). This document contains background information about Bowen current at the date of this presentation. The presentation is in summary form and does not purport to be all- inclusive or complete. Recipients should conduct their own investigations into the completeness of the information, statements and opinions contained in this presentation and perform their own analysis in order to satisfy themselves as to the accuracy of this information.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law. This presentation and the announcement to which it is attached does not and will not form any part of any contract or commitment for the acquisition of BCB securities.

No action has been (or will be) taken to register BCB securities or otherwise permit a public offering of BCB securities in any jurisdiction outside of Australia and New Zealand.. The BCB shares to be offered in the capital raisings referenced in this presentation and the announcements contemporaneous with this presentation have not been and will not be registered under the U.S. Securities Act of 1933, as

useamended ("Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws of any state or other jurisdiction of the United States (which BCB has no obligation to do or procure) or pursuant to an exemption from, or in a transaction exempt from or not subject to, such registration requirements and any other applicable securities laws. This presentation and the announcement to which it is attached should also be read in conjunction with BCB's other periodic and continuous disclosure announcements lodged with ASX which are available at www.asx.com.au.

This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments. The information contained in this presentation and

related market announcements should not be considered to be comprehensive or to comprise all the information which a shareholder or ersonalpotential investor in BCB may require in order to determine whether to deal in BCB securities or otherwise participate in any offer to

acquire or sell securities, nor does it contain all the information which would be required in a prospectus, product disclosure statement or other offer document prepared in accordance with the Corporations Act 2001 (Cth).

To the fullest extent permitted by law, Bowen, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted. To the maximum extent permitted by law, BCB and its directors, officers and employees exclude and disclaim all liability, including without limitation for negligence or for any expenses, losses, damages or costs incurred by you as a result of your participation in any offer or dealing in BCB securities or the information in this presentation and market announcements to which it is related being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise.

This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Bowen. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Bowen does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward-looking statement is based.

Listing Rule 5.23 and 5.19.2 Statements

The statements in this presentation concerning Mineral Resource Estimates at Cooroorah Project are as set out in an announcement dated 27 April 2018, for Isaac River Project are as set out in an announcement dated 1 November 2018, for Hillalong are as set out in an announcement dated 9 June 2020, Broadmeadow East are as set out in an announcement dated 24 June 2020, Burton/Lenton are as set out in an announcement dated 4 August 2021 and Bluff are as set out in an announcement dated 26 October 2021.

The statements concerning exploration results at:

Cooroorah refer to announcements released on 14 December 2017, 21 December 2017, 12 February 2018, 14 February 2018, 27 April 2018, 20 June 2018, 19 November 2018, 6 December 2018, 12 February 2019 and 3 April 2019;

Hillalong refer to announcements released on 15 February 2018, 9 July 2018, 27 November 2019, 5 May 2020, 9 June 2020, 28 August 2020, 5 March 2021 and 16 June 2021;

Isaac River refer to announcements released on 4 December 2017, 1 November 2018, 11 March 2019, 8 May 2019, 3 June 2019, 5 July 2019, 23 August 2019, 12 September 2019, 1 October 2020 and 26 July 2021;

Broadmeadow East refer to announcement released on 24 June 2020, 30 September 2020, 12 February 2021, 8 June 2021 and 26 July 2021; 4 August 2021 concerning acquisition by the Company of an entity holding a 90% joint venture interest in the Burton and Lenton Projects; and 26 October 2021 concerning acquisition by the Company of the Bluff mine and properties.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of mineral resources or ore reserves and production forecasts and forecast financial information, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

This presentation incorporates material in BCB's ASX announcement dated 4 August 2021 headed "Transformational Acquisition of Burton Mine & Lenton Project", Production targets for Bluff Mine as per BCB's ASX Release dated 26 October 2021 "Option to acquire Bluff Mine", Production targets for Broadmeadow East and Isaac River as per BCB's ASX Release dated 28 July 2021 "Production Targets for Broadmeadow East and Isaac River"" . BCB confirms in accordance with Listing Rule 5.19.2 that all material assumptions underpinning the production target and corresponding financial information continue to apply and have not materially changed.

Competent Persons Statement

The information in this presentation relating to coal resource estimates is based on information compiled and reviewed by Mr Troy Turner, who is a Member of the Australian Institute of Mining & Metallurgy. Mr Turner, Managing Director and a fulltime employee of Xenith Consulting Pty Ltd, has sufficient experience that is relevant to the styles of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Turner consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

ASX: BCB

SLIDE / 2

Mission

onlyBowen Coking Coal is targeting 5Mt ROM coking coal production

useby 2024.

ersonalFirst production target 20221.

1For BCB production targets, refer to ASX release 26 July 2021, 4 August 2021 and 28 October 2021. The Company confirms that all material assumptions underpinning the production target and related forecast financial information in those releases continue to apply and have not materially changed.

Profile

Bowen Coking Coal is well onlypositioned to emerge as the

next large scale coal producer in the Bowen Basin.

useersonal

Three recent acquisitions have propelled Bowen's transition to production:

1. Acquisition of Broadmeadow East from Peabody in 2020.

2. Entered binding agreement to acquire New Hope's majority interest in the New Lenton JV in August 2021.

3. Binding agreement with MACA Limited to acquire the Bluff PCI Coal Mine.

Fully funded (subject to entering into binding debt finance documents) to commence operations at Bluff and Broadmeadow East projects.

ASX: BCB

SLIDE / 4

Investment highlights

1.

High-quality coal reserves in the Bowen Basin,

only2.

with an attractive product mix favouring

metallurgical coal.

Clear pathway to production, supported by

use

outsourced mining operations and

infrastructure sharing arrangements.

3.

Demand for Australian export coking coal is

ersonal

expected to be underpinned by its attractive

coking qualities and strong demand across key

Asian markets.

4.

Four near-term operational assets with more

than 5Mtpa ROM production potential over 10+

years

5. Management team with extensive global coal operations experience.

6. Strong commitment to sustainability and delivering new economic stimulus to the local communities we work in.

7. Track record of equity support complemented by sizeable debt capacity to accelerate project development and ramp-up

8. Funded to start operations at two first projects through $15m debt funding facility and cash of c $24m

ASX: BCB

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This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bowen Coking Coal Limited published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 00:06:03 UTC.


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Financials
Sales 2021 0,00 M 0,00 M 0,00 M
Net income 2021 -3,22 M -2,32 M -2,32 M
Net cash 2021 2,87 M 2,07 M 2,07 M
P/E ratio 2021 -19,8x
Yield 2021 -
Capitalization 225 M 162 M 162 M
EV / Sales 2020 346x
EV / Sales 2021 123 587x
Nbr of Employees -
Free-Float 60,5%
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Managers and Directors
Gerhard Redelinghuys Chief Executive Officer, MD & Director
Daryl Edwards Chief Financial Officer
Nicholas Christian Jorss Executive Chairman
Michael McKee Chief Operating Officer
Neville William Sneddon Non-Executive Director