CKA
BOARD
Peter Lynch – Executive Chairman, Mining Engineer, 25 years experience in mining; MIM, Shell Coal, MacArthur Coal, Open Cut & Underground, TSX and ASX:WCI.
Pat Hanna – Executive Director, Geologist, over 30 years experience all coal; Globally consulting on over 40 projects; strong Indonesian track record; exploration manager Riversdale; prior JORC committee member.
Jim Middleton – Managing Director, Mining Engineer, 30 years experience all coal; Corporate and operational roles with BHPB, Xstrata, Glencore, Exxon Coal, Coal & Allied; reputation for capital efficient reliable production.
Domenic Martino – Non-Executive Director, Former CEO, Deloitte Australia; ASX companies including Sydney Gas, Pan Asia, Clean Global Energy, NuEnergy Capital; Strong reputation in China and HKSE; over 12 years successful Indonesian energy and resource dealings with local partners.
Duncan Cornish – Company Secretary, Chartered Accountant, Ernst & Young and PWC; Successful IPO and RTO record on ASX, TSX and AIM listed companies
•Objective: Metallurgical coal producer by mid 2013
Bumi Barito Mineral Project
•High quality metallurgical coal project in Indonesia
•60 Mt JORC Inferred Resource – 60% Coking Coal & 40% PCI
•Low ash, low sulphur and high calorific value (Direct Shipping)
•60 Mt JORC inferred Resource from 8% of BBM lease area
*Calorific values range between 7,591-8,287 Kcal/kg
Announcement today flags possiblity of extra 200-350Mt resource.
http://www.asx.com.au/asxpdf/20120627/pdf/42727wrhkbgt9x.pdf
BBP
60/40 with local owner, PMA company ownership structure. 13k ha directly adjacent to BHP, Maruwai. Has bright coal seam outcrops, laboratory tests indicate low in-situ ash, low sulphur, ultra-low phosphorous and high energy
•2 drill rigs in place
•Targeting potential production commencing 2014
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA (BBP) AND BUMI BARITO MINERAL (BBM) PROJECTS
http://www.asx.com.au/asxpdf/20120601/pdf/426lyf6p07rnqt.pdf
The designation of “Clean and Clear” provides confidence to mining companies that the validity of their mining concession, in this case Cokal’s flagship project BBM and the equally prospective BBP project has been confirmed by MMER. Importantly, the listing confirms that there are no overlapping or conflicting concessions for either project. The listing further confirms that Cokal has met its ongoing exploration obligations in regard to both projects.
AAK
75/25 with local owner, PMA company ownership structure – 5k ha with 5 outcrops (1-2m in thickness) with bright coal and possible anthracite
•Drilling to commence 1H 2012
AAM
75/25 with local owner, PMA company ownership structure 10k ha – 11 outcrops have bright coal
•Drilling to commence 1H 2012
West Kalimantan
•Cokal 75.2% interest in PT Silangkop Nusa Raya (SNR)
•Three IUPs in Singtang Regency, West Kalimantan covers an area of 13,000 hectares
•Out crop samples show high volatile, low ash, moderate sulphur and low phosphorus coking coal
•Commencing drilling before end of 2012
TANZANIA
•Two companies formed
•JV1 – 50:50; JV2 – 60:40
•JV1 has tenement
•JV2 vehicle for further prospects
•Part of Karoo Basin (per Mozambique)
EMEM CO-OPERATION AGREEMENT
•Mozambique Government owned EMEM and Cokal will jointly develop coal projects that EMEM gain title to in the emerging, vast Mozambique metallurgical coal basin
•EMEM will have 20% ownership and Cokal 80% of the JV company
•Cokal will provide funding for exploration over 3 years
•EMEM provide exploration licences
•The Agreement between EMEM & Cokal provides for post exploration development through to mining and sale of coal
•Awaiting leases to be provided by EMEM subject to government review process
BalckRock Group have also recently increased their stake in CKA from 31.6m shares to 41.4m
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