Cokal Limited provided the above updates on the Bumi Barito Mineral (BBM) coking coal mine (Cokal 60%). Cokal announced that the second barging shipment from Krajan to Batu Tuhup jetty is now compete, following successful completion of the first shipment earlier this month. Barging operations remain ongoing and are set to accelerate with the planned fleet expansion post the recent capital raising. Now that the capital raising is complete the Company has identified additional barging fleets for acquisition and is in the process of finalising these acqusitions which will enable increased
transportation of coal in the near term alongside to completion of the 98km haul road. The Company looks forward to updating the market on the following key items in the near term; Update on progress of haul road ­ a key part of CKA's dual pronged logistics chain; Initial coal sales from the BBM Project into the domestic market. Commencement of drilling at the neighbouring TBAR project, as well as infill drilling at BBM aimed at further resource/reserve definition.