Cokal announces JORC resource

By Demas Simbolon

ASX-listed Cokal Limited recently announced the results of its Stand Alone Development Study at its flagship project Bumi Barito Mineral Project, to be continued by a Definitive Feasibility Study stage and production scheduled on the first Half of 2014, awaiting environmental approval (AMDAL), IUP Production Licence and Forestry Permit.

The initial development study, conducted by SMEC revealed a JORC resource of 77 million tons, consisting of 70 million tons inferred and 7 million tons indicated resource of premium coking coal, semi soft 90%/10% with CV ranging between 7,591 kcal/kg to 8,287 kcal/kg and bellow 18.3 VM.

The company stated it intends to conduct single strip open cut mining method in the project, with 2 mtpa target in first stage.

Coal from BBM's tenement in Central Kalimantan will be transported in three phases, accounting approximately 774km from mine site to Java Sea. The distance covers 55km haul road to Barito River, 500km down the river to Kelanis intermediate stockpile and some 200km to Taboneo anchorage.

Cokal said in a statement that its 55km haul road is underway, with 120t truck load capacity planned.

Cokal is known to also control other tenements in Central Kalimantan, namely BBP, which it owns 60 percent share, consisting of 13,000 ha area adjacent to BHP Maruwai, AAK with 75 percent shares and 5,000 ha tenement as well as AAM with 75 percent share ownership consisting of up to 11,000 ha tenement.

Editing by Er Audy Zandri