Cokal Limited · ASX:CKA
Cokal — Shareholder Meeting (September 2018)
39 slides from Cokal's shareholder meeting presentation, Sep 21, 2018
Slide 1: General Meeting CEO Presentation
GENERAL MEETING For personal use only CEO PRESENTATION 21 September 2018 1 EGM Sept 2018
Slide 2: Outline
Outline For personal use only 1 New organisation structure 2 Employee status Potential partners for 3 mining and barging 4 Mine site visit Page 2 General Meeting Sept 2018
Slide 3: Introducing CEO
Introducing CEO For personal use only Jim Coleman • 50 years experience in open cut and underground mining including mine management, project development and operations • Integrated project development in Australia, Mozambique, Thailand, The Philippines, India and throughout SE Asia Page 3 General M
Slide 4: Introducing CEO
Introducing CEO For personal use only Jim Coleman • Evaluated 500 km shallow water barging on the Zambezi River in Mozambique • Hands on knowledge of all mining methods, • Reputation for innovative yet practical solutions • Ability to lead a multi-faceted technical and operating team in the SE Asian
Slide 5: New organisation structure
Outline For personal use only 1 New organisation structure Page 5 General Meeting Sept 2018
Slide 6: Organisational Structure: Jakarta Office Staff
Organisational Structure For personal use only Jakarta Office Staff • Garry Kielenstyn – Indonesian Affairs • CFO • Chief geologist • LT Mine Planning Page 6 General Meeting Sept 2018
Slide 7: Organisational Structure: Mine Site Staff
Organisational Structure For personal use only Mine Site Staff • Mine Site Manager (MSM) • All mine staff report directly to MSM • Mine staff work 6 weeks on 2 weeks off • Mine staff will work 6 days a week Page 7 General Meeting Sept 2018
Slide 8: Employee status
Outline For personal use only 2 Employee status Page 8 General Meeting Sept 2018
Slide 9: Employee Status
Employee Status For personal use only Employment Status • 31 staff employed in August • 11 staff in Jakarta reduced to 9 • 14 staff at mine site reduced to 7 • 22 staff in total by October • BBM Anak trial mining staff was 89 Page 9 General Meeting Sept 2018
Slide 10: Employee Status: Experienced Staff
Employee Status For personal use only Experienced Staff • An additional 19 staff required for production • Total will be 41 • Mining by contractor • Mine planning by Cokal Page 10 General Meeting Sept 2018
Slide 11: Employee Status: Experienced Staff
Employee Status For personal use only Experienced Staff • Contract operations monitored 24/7 by experienced Cokal staff • Cokal will check mining location, coal quality, tonnage in contract payments • Daily reports to Mine Site Manager copied to CEO Page 11 General Meeting Sept 2018
Slide 12: Potential partners for mining and barging
Outline For personal use only Potential partners for 3 mining and barging Page 12 General Meeting Sept 2018
Slide 13: Potential Partners: Aahana Global Resources
Potential Partners Aahana Global Resources & For personal use only Investment Pte Ltd • Met Principal Karan Bangur in Jakarta • Discussed implementation, desire to move ahead • Site visit deferred while another investor conducts DD Page 13 General Meeting Sept 2018
Slide 14: Potential Partners: PT Bara Mineral Asri
Potential Partners For personal use only PT Bara Mineral Asri (BMA) • Met CEO Asri Azhar Rahmatullah • BMA desire to partner with BBM for mine development and operation • DD commenced, BMA Geologists to site with Cokal’s CEO and Director • BMA survey team to site last week with mine manager Page 14
Slide 15: Potential Partners: PT Bara Mineral Asri
Potential Partners PT Bara Mineral Asri (BMA) For personal use only • DD includes 2,000m of drilling • Cokal informed BMA existing port flawed • Cokal will develop Krajan port 4kms from existing port to avoid rock outcrops • Purnama port not required • Stockpile on BBM land • Initial Krajan port in
Slide 16: Potential Partners: PT Bara Mineral Asri
Potential Partners PT Bara Mineral Asri (BMA) For personal use only • PCI coal available in Strip 1 Pit 2 determined by current survey • Strip 2 Pit 2 requires blasting permit • Forestry permit required for East part Pit 2 • Upgraded road to Pit 3 to haul coal • Possibility to mine coking coal befor
Slide 17: Potential Partners: PT Bara Mineral Asri
Potential Partners For personal use only PT Bara Mineral Asri (BMA) • BBM geological model to be updated with new survey data • Transferred BBM geological model to BMA system • Reconcile both versions of model • Computer models used for mine planning Page 17 General Meeting Sept 2018
Slide 18: Potential Partners: PT Bara Mineral Asri
Potential Partners For personal use only PT Bara Mineral Asri (BMA) • Pit optimisation will use actual contract costs • Mine plan developed • PCI coal, coking coal and anthracite • Highwall mining to be considered • CEO to oversee all planning Page 18 General Meeting Sept 2018
Slide 19: Potential Partners: Meratus Advance Maritime
Potential Partners Meratus Advance Maritime For personal use only (MDM) • Met with MD MDM, Mulyadi Wibowo on 24 August in Surabaya • Cokal identified 28 sites along the Barito River for channel improvement • All located and described using bathymetric data • Mostly dredging, some rock removal Page 1
Slide 20: Potential Partners: Meratus Advance Maritime
Potential Partners For personal use only Meratus Advance Maritime (MDM) • Budget to be prepared for channel improvement • Progressive improvement of the Barito River channel • MDM considered a good partner Page 20 General Meeting Sept 2018
Slide 21: Potential Partners: LG International
Potential Partners LG International For personal use only • Met with James (Sang Moo) Lee, Head of Coal Investment Team 1 in the Coal Business Division of LG International • LG group expressed interest in developing BBM and investing in Cokal • Explained in DD period with another investor and partne
Slide 22: Potential Partners: PT Toyota Tsusho Indonesia
Potential Partners For personal use only PT Toyota Tsusho Indonesia (TT) • Met with Kotaro Kubo, Hirokazu Isonishi and Albert Sitorus of TT • TT trade in niche markets • Commonly known as Toyota Trading • Work in conjunction with Tomen Page 22 General Meeting Sept 2018
Slide 23: Potential Partners: PT Toyota Tsusho Indonesia
Potential Partners PT Toyota Tsusho Indonesia For personal use only (TT) • TT trade 2.5 – 3Mt/a from Indonesia • Shipments to Japan viable in dedicated 6kt vessel • TT requested Spec Sheets for PCI, coking coal and anthracite • TT want to visit site when production commences (planned for Dec 2018) P
Slide 24: Potential Partners: PT Mitsubishi Corporation Indonesia
Potential Partners For personal use only PT Mitsubishi Corporation Indonesia (Mitsubishi) • Met with Christianto, Marketing Senior Manager, Metals Group of Mitsubishi • He expressed interest in buying coal from BBM • Initial approach only Page 24 General Meeting Sept 2018
Slide 25: Mine site visit
Outline For personal use only 4 Mine site visit Page 25 General Meeting Sept 2018
Slide 26: Site Visit: Travel to BBM Site
Site Visit Travel to BBM Site For personal use only • CEO initial mine site visit on 29 August • Site visit initiated the DD by BMA • 4am start from Palangka Raya, 5 hours by car to Tambang Lahung 2 hours by speedboat to reach the BBM Anak mine site • Inspected trial mine and support infrastruct
Slide 27: Site Visit: Breakfast
Site Visit For personal use only Breakfast On route to Tambang Lahung Page 27 General Meeting Sept 2018
Slide 28: Site Visit: Upper Barito River
Site Visit For personal use only Upper Barito River Page 28 General Meeting Sept 2018
Slide 29: Site Visit: BBM Anak Mine
Site Visit BBM Anak Mine For personal use only • Continuity of seams seen in highwall • The pit is flooded , no cutoff drains • Haul roads need upgrading • Seams D, C and B, each 1 – 1.5m • Some overburden dumped in pit • Strip 1 to be extended East and West • At least two more 50m wide strips could
Slide 30: Site Visit: Barito River at BBM Anak
Site Visit For personal use only Barito River At BBM Anak Page 30 General Meeting Sept 2018
Slide 31: Site Visit: BBM Anak Flooded Pit
Site Visit For personal use only BBM Anak Flooded Pit Page 31 General Meeting Sept 2018
Slide 32: Site Visit: BBM Anak Haul Road
Site Visit For personal use only BBM Anak Haul Road Page 32 General Meeting Sept 2018
Slide 33: Site Visit: BBM Krajan Camp
Site Visit For personal use only BBM Krajan Camp • Cokal’s BBM camp at Krajan is simple but adequate for the exploration phase • Mining contractor will require a much more substantial camp development • This will be located to take advantage of the existing facilities Page 33 General Meeting Sept 20
Slide 34: Site Visit: Krajan Camp
Site Visit For personal use only Krajan Camp Page 34 General Meeting Sept 2018
Slide 35: Site Visit: BBM Access Logistics
Site Visit For personal use only BBM Access Logistics • Some aspects need to be improved • Ramps with handrails to board/alight speedboat at Tambang Lahung and camp • An office in Palangka Raya (house with two bedrooms) transit/Government liaison Page 35 General Meeting Sept 2018
Slide 36: Site Visit: BBM Access Logistics
Site Visit For personal use only BBM Access Logistics • Bunkhouse in Tambang Lahung for fly in fly out employees to transit overnight • Purchase a robust 4WD vehicle to comfortably transport at least six people • Customise a wider speedboat fitted with bathymetric recording equipment to improve our
Slide 37: Mine Plan
MINE PLAN For personal use only Page 37 General Meeting Sept 2018
Slide 38: To Wrap Up
TO WRAP UP: • Cokal has a new operating structure For personal use only • Mines in BBM now being planned (PCI coal, coking coal, anthracite) • Barge direct from Krajan (the mine site) • Mine coking coal by end 2019 • MDM will be a good partner for barging • BMA will be a good partner for mining • Co
Slide 39: Thank You
For personal use only THANK YOU Page 39 General Meeting Sept 2018