Cokal Limited · ASX:CKA

Cokal — Investor Presentation (February 2012)

17 slides from Cokal's investor presentation, Feb 1, 2012

1. Slide 1: Investor Presentation February 2012

   For personal use only Investor Presentation February 2012

2. Slide 2: Disclaimer

   DISCLAIMER For personal use only This presentation has been prepared by the management of Cokal Limited (the Company) in connection with meetings with institutional investors, for the benefit of brokers and analysts and not as specific advice to any particular party or person. The information is bas

3. Slide 3: Our Focus

   OUR FOCUS For personal use only  Building A Global Metallurgical Coal Business  Positive and Agile Decision Making  Respect for all Stakeholders  Ethical Decision Making  Technical Skills for Innovative Solutions  Results Orientated 3

4. Slide 4: Strong Board - Coal Pedigree

   STRONG BOARD COAL PEDIGREE For personal use only Peter Lynch - Executive Chairman, 47 Mining Engineer, 24 years experience in mining; MIM, Shell Coal, MacArthur Coal, Open Cut & Underground, TSX and ASX:WCI. Pat Hanna - Executive Director, 56 Geologist, 30 years experience all coal; Globally consult

5. Slide 5: Diverse and Experienced Management

   DIVERSE AND EXPERIENCED MANAGEMENT For personal use only Vic Kuss – Chief Financial Officer, Chartered Accountant; successful growth and development of resources and resource related companies; M&A activities and capital raising; worked extensively in a number of overseas mining and resource related

6. Slide 6: Executive Summary

   EXECUTIVE SUMMARY For personal use only Cokal Limited (CKA) COKAL CAPITAL • Listed on the ASX in December 2010 STRUCTURE • Developing Metallurgical Coal Projects in Central Kalimantan AS AT 31 JANUARY 2011 • Objective: Metallurgical coal producer by mid 2013 ASX Code CKA Bumi Barito Mineral Project

7. Slide 7: Project Locations - Indonesia

   PROJECT LOCATIONS – INDONESIA For personal use only 7

8. Slide 8: Project Locations - Indonesia

   PROJECT LOCATIONS - INDONESIA For personal use only 8

9. Slide 9: Indonesia

   INDONESIA For personal use only Four tenements and company structure:  BBM – 60/40 shareholding through PMA company ownership of IUP with local owner. 19,920 ha straddles the Barito River, with outcrops that have bright coal. Drilling and lab analysis confirm metallurgical coal – low in- situ ash,

10. Slide 10: Indonesia cont.,

    INDONESIA cont., For personal use only  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. Drilling commenced early 20

11. Slide 11: BBM JORC Inferred Resource

    BBM JORC INFERRED RESOURCE For personal use only  60 Mt JORC inferred resource from 8% of BBM lease area  60% Coking Coal and 40% PCI  Continuing to define further Coal Resources in areas of Low strip ratio with higher percentages of Coking Coal  Good potential to increase resource size, open al

12. Slide 12: BBM - High Quality Coal Attributes

    BBM - HIGH QUALITY COAL ATTRIBUTES For personal use only Depth Category Inferred Coal Resource (m) (Mt) Inferred Seam Thickness Seam Name Resources (m) (Mt) 0 – 50 5.0 50 – 100 10.0 D 1.30 25.0 100 – 150 10.0 C 1.06 20.0 150 – 200 10.0 B 0.87 15.0 200 – 300 25.0 TOTAL 60.0 TOTAL 60.0 Volatile Calori

13. Slide 13: Project Delivery Schedule

    PROJECT DELIVERY SCHEDULE For personal use only 13

14. Slide 14: Market Capitalisation

    MARKET CAPITALISATION For personal use only Million Dollars A$ Coal Companies $1,62 $504 $444 $434 $386 $193 $174 $156 $103 BORN.JK CZA.AX BTU.AX HUN.AX COK.AX CKA.AX NCR.AX CLR.AX AFR.AX As at 23 January 2012 14

15. Slide 15: Project Location - Tanzania

    PROJECT LOCATION - TANZANIA For personal use only  Two companies formed  JV1 - 50:50; JV2 - 60:40  JV1 has tenement  JV2 vehicle for further prospects  Part of Karoo Basin (per Mozambique) 15

16. Slide 16: EMEM Co-operation Agreement

    EMEM CO-OPERATION AGREEMENT For personal use only  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 fu

17. Slide 17: Summary

    SUMMARY For personal use only  Executive Team with strong track record  High Margin Metallurgical Coal confirmed  Assets with Good Prospectivity  Strong Ability and resolve to bring Assets into Production  High Integrity for Long Term value  Plans for Global footprint 17

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