Cokal announces additional 10 mt JORC inferred for BBM project

By Demas Simbolon

ASX-listed metallurgical coal group Cokal Ltd announced the addition of 7 million tons indicated and 10 million tons inferred coal resources from the recently defined ?J? seam in JORC resource statement for Bumi Barito Mineral (BBM) coal project.

With the new finding, the project covering an area of 19,920 ha now consists of 7 million tons indicated and 70 million tons inferred Resource comprising 70 percent of coking coal and 30 percent of PCI.

?The upgrade in indicated and inferred resource estimate is attributable to the recently defined ?J? seam. This increase is 100 percent premium coking coal confirming our view that the coal quality of the BBM project continues to develop as a primarily coking coal project as we progress towards the east,? Cokal Executive Director, Pat Hanna said.

The drilling is continuing to define further Coal Resources which are generally in areas of low strip ratio and with higher percentages of coking coal.

Editing by Adianto P. Simamora