Cokal Limited · ASX:CKA
Cokal — CLSA Corporate Day (June 2020)
22 slides from Cokal's conference presentation, Jun 18, 2020
Slide 1: ASX Announcement: Corporate Presentation
T +61 2 8319 9299 E info@cokal.com.au Level 5, 56 Pitt Street Sydney NSW 2000 ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au ASX ANNOUNCEMENT / MEDIA RELEASE 18 June 2020 For personal use only Corporate Presentation Cokal Limited (ASX:CKA, “Cokal” or “the Company”) provides its Corporate Presentatio
Slide 2: Corporate Presentation - CLSA Corporate Day
For personal use only Corporate Presentation CLSA Corporate Day Presented by Karan Bangur, Director Cokal Limited June 2020 1 Corporate Presentation for CLSA Corporate Day
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Cokal Limited (“CKA”). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation (“material”) is not and does not constitute an offer, invitation
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Share Price (A$ per share, 2 year basis) $0.08 ASX Ticker CKA $0.07 Share Price (15 Jun 20) A$0.043 $0.06 $0.05 Shares on Issue 923m $0.04 Market Cap A$39.7m $0.03 $0.02 EV A$46.8m $0.01 $0.00 15/06/18 15/08/18 15/10/18 15/12/18 15/02/19 15/
Slide 5: Highlights
Highlights • Key project (BBM) is permitted with initial production scheduled in 2021 For personal use only – Mine development in Q4CY20, ramping up to 2 mtpa in year 3 • High quality met coal – >90% vitrinite content, high free swelling index >9 – Low phosphorus, sulphur and ash – Offtake open and
Slide 6: Project Portfolio & Development Status
Project Portfolio & Development Status For personal use only Projects Preparation / Exploration Production BBM • Permitted (Bumi Barito Mineral) • Production to 60% interest commence in 2021 BBP • Exploration licence granted (Borneo Bara Prima) • Work plan and budget submitted 60% interest • Awaitin
Slide 7: Developing a new Coking Coal Province
Developing a new Coking Coal Province For personal use only 6 Corporate Presentation for CLSA Corporate Day
Slide 8: Developing a new Coking Coal Province
Developing a new Coking Coal Province Most developed coalfields in Indonesia are low rank thermal coals: For personal use only • *Data from ESDM • All the coal in Cokal’s tenements is metallurgical coal • Metallurgical coals comprise anthracite, PCI coal and coking coal, used primarily to make steel
Slide 9: BBM Permitted
BBM Permitted All Approvals in place for BBM : For personal use only • IUP (Exploration) on ‘Clean & Clear’ List • PT BBM approved Foreign Owned company (PMA status) • Cokal Shareholding of PT BBM approved by BKPM (Central Government Foreign Investment Co-ordination Board) • Forestry Permit already
Slide 10: BBM JORC Resources – 266Mt
BBM JORC Resources – 266Mt Sufficient Resource to underwrite 2Mtpa initial open cut production plan For personal use only Resources by Seam and Category Resources by Category and Depth of Cover 9 Corporate Presentation for CLSA Corporate Day
Slide 11: Current Progress – Infra & Ops
Current Progress – Infra & Ops Cokal has entered into a MOU with CRCC for development of its infrastructure For personal use only • surrounding BBM and TBAR including Roads and Jetty. • BBM has secured an exclusive corridor license for its hauling road from Pit 3 to KM 52 intersection. • Tenders for
Slide 12: BBM Year Mining Plan
BBM 5 Year Mining Plan 5 years plan will include Pit 2 and Pit 3 For personal use only • • PCI coal will be produced from Pit 2 and Coking coal from Pit 3 • Mine development will commence by Q4 2020 and production is planned to start in 2021 in Pit 3 with a production plan of 646 Kton of coal @ SR 1
Slide 13: BBM Year Mining Plan
BBM 5 Year Mining Plan For personal use only Saleable Coal 2,500 25.00 2,000 20.00 K T 1,500 15.00 o S n R n 1,000 10.00 e s 500 5.00 - - 1 2 3 4 5 Year Yearly Total Coking (85% Recovery Assumption) PCI SR 12 Corporate Presentation for CLSA Corporate Day
Slide 14: Costs (FOB MV Basis)
Costs ( FOB MV Basis) For personal use only Operating Costs 100 90 80 70 60 USD/tonne 50 40 30 20 10 0 1 1.5 2 2.5 3 3.5 4 4.5 5 Year OPEX (Total costs per product tonne) Extracted from the DFS, Resindo, 2015. 13 Corporate Presentation for CLSA Corporate Day
Slide 15: Coal Quality
Coal Quality Coking Coal Quality of J Seam For personal use only Calorific Inherent Volatile Fixed Total Relative Phos- Product Yield Ash Value CSN Moisture Matter Carbon Sulphur Density phorus Kcal/kg Raw Coal 100 1.0 13.2 17.6 68.2 0.38 7,412 9 1.39 0.007 Washed 81 0.7 5.3 18.1 76.0 0.42 8,300 9 1
Slide 16: Marketing
Marketing J Seam For personal use only • The BBM coal from Seam J is unique in terms of its marketing potential. Features: – Very high rank 1.58 – 1.87% reflectance of vitrinite – Potential to produce a very low ash product – 4 – 5% ash – High fixed carbon (76.2%) – Strong coking properties as measu
Slide 17: Proposed Jetty Location
Proposed Jetty Location BBM has in principle approval from For personal use only • one of existing jetty owner/operator to use their jetty to load coal onto barges for the initial period of 1-2years while its permanent jetty is being built which will be located in the adjacent area also • The same e
Slide 18: Offtake Markets and Potential Customers
Offtake Markets and Potential Customers For personal use only • PCI coal will be sold as a priority to local steel industry • Leading Japanese trading houses expressed keen interest • coking coal will be sold into Japan , Korea, Taiwan , China and India • Tier 1 trading houses and steel mills show k
Slide 19: Logistics
Logistics For personal use only • Former logging road, eastern 58km of which is still at a high standard of maintenance and repair. BBM has obtained the exclusive right to use this road. • Total 104km dedicated coal haul road from Pit to Bumban jetty. • This eliminates the necessity to use a 160km c
Slide 20: Logistics
Logistics For personal use only • After completing a bathometric survey, the results of which helped defined an all year round jetty at Bumban, offering min 2.5m water depth requirement and less river obstructions than other closer to pit river jetty options. • In addition, special purpose built sha
Slide 21: Logistics
Logistics For personal use only • Coal will be loaded to bulk carrier from the larger conventional barges either by using the ship’s gear or using a Conventional Transhipment Facility at Taboneo. • Taboneo is 176km from Kelanis. Ship Loading 20 Corporate Presentation for CLSA Corporate Day
Slide 22: Thank You
For personal use only Thank You... www.cokal.com.au 21 Corporate Presentation for CLSA Corporate Day