Cokal Limited · ASX:CKA
Cokal — Investor Presentation (June 2011)
28 slides from Cokal's investor presentation, Jun 22, 2011
Slide 1: Investor Presentation
For personal use only Investor Presentation JUNE 2011
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
Slide 3: Overview
OVERVIEW For personal use only 1. Strong, Diverse Executive Team 2. Metallurgical Coal focus, in global context 3. Prospective Assets 4. Financial Backing 5. Commitment & Experience to bring assets to Production 3
Slide 4: Strong Diverse Corporate, Exploration and Operational Strength
STRONG DIVERSE For personal use only Corporate, Exploration and Operational Strength Peter Lynch -Executive Chairman Pat Hanna -Executive Director Jim Middleton -Managing Director Dominic Martino -Non-Executive Director Duncan Cornish -CFO and Company Secretary Chris Turvey Exploration and Resource
Slide 5: Strong Coal Pedigree
For personal use only STRONG COAL PEDIGREE Peter Lynch Pat Hanna - Executive Chairman - Executive Director 9 Mining Engineer, 46, over 23 years 9 Geologist, 56 , over 30 years experience experience mainly in coal. all in coal. 9 Proven track record in coal project 9 Extensive experience in Indonesia
Slide 6: Strong Coal Pedigree
For personal use only STRONG COAL PEDIGREE Jim Middleton Dominic Martino - Managing Director - Non Exec Director 9 Mining Engineer, 47, over 30 years all 9 Former CEO Deloitte Touche coal mining experience. Tohmatsu Australia. 9 Highly successful career with the 9 Key player in the re-birth of a maj
Slide 7: Experienced Executive Team
EXPERIENCED EXECUTIVE TEAM For personal use only Duncan Cornish Chris Turvey - CFO & Company Secretary - Exploration and Resource 9 Chartered Accountant, Ernest & Young Manager background 9 Geologist, 48, over 22 years coal 9 Successful IPO and RTO record on experience. ASX, TSX and AIM listed compa
Slide 8: 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 8
Slide 9: Strategy: Strong and prospective volume growth
STRATEGY For personal use only ¾ Metallurgical Coal 9 Strong and prospective volume growth Source Bhpbilliton 2010 Source: CISA; WMM; Global Insight; BHP Billiton Analysis 9
Slide 10: Strategy: Strong and prospective pricing
STRATEGY For personal use only ¾ Metallurgical Coal 9 Strong & prospective pricing Data: CRU Analysis 10
Slide 11: Strategy: Metallurgical Coal (cont'd)
STRATEGY For personal use only ¾ Metallurgical Coal (cont’d) 9 Current Assets in Emerging Metallurgical Coal Basin – Kalimantan 9 View to seek appropriately prospective opportunities (see Tanzania) 9 Pursue development to production within reasonable timeframe ¾ Major Basins 9 Bowen – Qld 9 USA 9 Ca
Slide 12: Strategy: Respect for Stakeholders and Ethics
STRATEGY For personal use only ¾ Respect for Stakeholders and Ethics 9 Distinguish ourselves as valued mining operator for Employees, Communities, Regulators and Investors. Long term value generation. 9 Low risk management of regulatory issues. 9 Environmental and safety values 12
Slide 13: Strategy: Technical Skills and Results
STRATEGY For personal use only ¾ Technical Skills and Results Team has skills and track record in: 9 Potential Resource identification and definition 9 Project development and execution 9 Operational success 9 Business value creation 13
Slide 14: Company Structure
COMPANY STRUCTURE For personal use only ¾ Cokal Limited (CKA) 9 Transaction completed 23rd December 9 $20M private placement @ 30c 9 New Board of PL, JM, PH & DM installed 9 Passport Capital Placement $12M @ 75c Capital Structure CKA (pre transaction) 45.3M shares 16.7M options (avg 19c) JDC 210M sh
Slide 15: Passport Capital
PASSPORT CAPITAL For personal use only • SF based, Global Investment Firm • Respected Natural Resources Investor • Manages $4.4 billion in assets • Long term investment with Riversdale Mining • COKAL issue 16 million shares – 5% at A$0.75 per share 15
Slide 16: Market Capitalisation
MARKET CAPITALISATION For personal use only Million Dollars Coal Companies $2,941 $796 624 $524 $289 $240 $203 $181 $158 BORN.JK BTU.AX CZA.AX COK.AX HUN.AX CKA.AX AFR.AX KRL.AX CLR.AX 16
Slide 17: Initial Assets
INITIAL ASSETS For personal use only ¾ Kalimantan Tenements 9 Four tenements and company structure agreed 9 Payments based on timing, ownership provisions and resource definition 9 Prospective area for metallurgical coal (near BHPB’s Maruwai), largely unexplored 9 Solid local partnership / ownership
Slide 18: Probable Quality Metallurgical Coal
PROBABLE QUALITY METALLURGICAL COAL For personal use only 18
Slide 19: Probable Quality Metallurgical Coal
PROBABLE QUALITY METALLURGICAL COAL For personal use only 19
Slide 20: Probable Quality Metallurgical Coal
PROBABLE QUALITY METALLURGICAL COAL For personal use only 20
Slide 21: Project Locations
For personal use only 21 PROJECT LOCATIONS
Slide 22: Project Locations
22 For personal use only PROJECT LOCATIONS
Slide 23: Project Information
For personal use only PROJECT INFORMATION ¾ BBM (Bumi Barito Mineral) - 50/50 ownership 9 Straddles the Barito River, with coal seam outcrops on riverbanks 9 Outcrops have bright coal (likely high quality metallurgical coal) 9 Laboratory tests indicate very low ash, low sulphur & high energy with co
Slide 24: Project Information
For personal use only PROJECT INFORMATION ¾ AAM (Anugerah Alam Manuhing) - 75/25 ownership 9 11 Outcrops, up to 4m in thickness 9 Outcrops have bright coal 9 10,000ha ¾ AAK (Anugerah Alam Katingan) - 75/25 ownership 9 5 Outcrops 9 1 - 2m in thickness 9 Outcrops have bright coal & possible anthracite
Slide 25: Tanzania
For personal use only 25 TANZANIA
Slide 26: Tanzania Joint Venture
For personal use only TANZANIA JOINT VENTURE ¾ Two companies being formed ¾ JV1 – 50:50; JV2 60:40 ¾ JV1 has one tenement, Manda Project ¾ Drilling commenced Manda, June 2011 ¾ JV2 vehicle for further prospects ¾ Part of Karoo Basin (per Mozambique) 26
Slide 27: Milestones - 2011
For personal use only MILESTONES - 2011 ¾ Q1 - Geologists mapping – Kal ¾ Q1 - Drilling to commence – Kal ¾ Q2 - Drilling to commence – Tanz ¾ Q2 - Coal quality data – Kal ¾ Q2 - Q3 - Initial resource – Kal ¾ Q3 - Coal Quality data - Tanz ¾ Q4 - Concept Studies commence – Kal 27
Slide 28: Summary
For personal use only SUMMARY ¾ Executive Team with strong track record ¾ High Margin Metallurgical Coal as key Target ¾ Assets with Good Prospectivity ¾ Strong Ability and resolve to bring Assets into Production ¾ High Integrity for Long Term value ¾ Plans for Global footprint 28