Name of the Project
Bumi Barito Mineral (BBM) coal project.

Location
The project is located in Central Kalimantan, Indonesia.

Client
Cokal (60%).

Cokal is preparing a submission regarding the BBM underground mining project to the Indonesian government for its consideration in granting the maximum foreign ownership (70%) of BBM for the life-of-mine.

Project Description
The project envisages the construction of an underground mine, which will use three continuous miner development units and a built-for-purpose longwall plow.

The highwall punch mine configuration and shallow nature of the inferred resources mean longwall output is not constrained by outbye coal clearance systems, as is experienced in similar plow operations installed in existing older mines.

The project is expected to produce two-million tonnes a year of saleable coal from its third year of production

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
As a result of ASX restrictions on forward statements, Cokal may not provide any of these estimates in a public statement.

Capital Expenditure
As a result of ASX restrictions on forward statements, Cokal may not provide any of these estimates in a public statement.

Planned Start/End Date
Not stated.

Latest Developments
Cokal has secured a $20-million debt financing facility to fund the development of BBM.

A binding letter of intent has been provided by China Railway 21st Bureau Group International Engineering Co and Beijing Fidick International Trade Co, with the funding to become available for drawdown on the execution of a definitive agreement, which will be completed within the next 60 days.

Cokal has been in discussion with the funding partners for more than 12 months, with both financiers having completed due diligence on BBM and its associated infrastructure.

Once final documentation has been signed, the funding can be drawn down in multiple tranches, with each tranche repayable within five years from the date of drawdown. Cokal is expected to repay the debt from project operations.

The fee for the debt finance is aligned to BBM mining operations and will be capped at $40-million.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Cokal, tel +62 21 5790 3265 or email info@cokal.com.au.