Cokal Limited · ASX:CKA
Cokal — Shareholder Meeting (November 2017)
35 slides from Cokal's shareholder meeting presentation, Nov 29, 2017
Slide 1: 2017 AGM Presentation
For personal use only 2017 AGM Presenta-on 1 Investor Presenta-on
Slide 2: Disclaimer
Disclaimer 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 For personal use only analysts and not as specific advice to any particular party or person. The information is bas
Slide 3: Outline
Outline For personal use only Bridge Across Barito River, Puruk Cahu Length 550m 1 Corporate Update 3 BBM Coking Coal Project 2 BBM PCI Project 4 Community Development The Barito River in Kalimantan, Indonesia 3 Investor Presenta-on
Slide 4: Investment Highlights
Corporate Update Investment Highlights For personal use only Recent Achievements § April 2017: Agreement to convert all of Cokal’s loans into a production royalty Near-term Objectives § Cokal is ready to deliver the BBM PCI Coal Project 1. Please refer to Cokal’s announcement “BBM Defini)ve Feasibi
Slide 5: Royalty agreement and Debt Restructure
Corporate Update Royalty agreement and Debt Restructure For personal use only • Cokal Limited announced on 29th April, 2017, it entered into a royalty agreement with its senior lenders in rela@on to the conversion of all of its outstanding loans to a produc@on royalty. The conversion is subject to c
Slide 6: An Idea Evolved
Corporate Update For personal use only November 2016 An Idea Evolved Why Not Build a Low Capital (Funded) Low Opex PCI Coal Business 6 Investor Presenta-on
Slide 7: BBM PCI Project Highlights
BBM PCI Project Highlights For personal use only BBM PCI Project All Mining Permits Approved Strong Technical Merits Financially Robust Generate Cash Flow 7 Investor Presenta-on
Slide 8: BBM PCI Project Highlights
BBM PCI Project Highlights A financially robust project possessing strong technical merits, with all mining For personal use only permits and approvals in-‐place Key Project Metrics Location Central Kalimantan Mining Open Pit Vertical Strip Ratio 5:1 2.5 Mt Product (LOM) Premium LV PCI Construction
Slide 9: BBM PCI Operational Metrics
BBM PCI Opera-onal Metrics Total Development Capex for BBM PCI is estimated at US$15m / A$20m. For personal use only A large portion of the development funding has already been expended. Development Capex US$m A$m Infrastructure & Logistics 9.4 12.5 Open Pit Development 0.75 1.0 Licensing and Permit
Slide 10: BBM PCI Coal Specifications
BBM PCI Coal Specifica-ons For personal use only Marketing Research • Interest from Japanese and Vietnamese buyers - low ash, low sulphur • Indications that BBM low-vol PCI product will attract a premium price • Advantage of close proximity to markets Inherent Rela-ve Ash Content Vola-le MaWer Fixed
Slide 11: BBM PCI Project Area
BBM PCI Project Area For personal use only Western Portion of BBM predominantly PCI and Anthracitic coals 11 Investor Presenta-on
Slide 12: BBM PCI Project Team
BBM PCI Project Team Strong Mining and Marketing Team For personal use only Technical Skills - Simplistic Solutions Results Orientated Ready to Go 12 Investor Presenta-on
Slide 13: BBM Anak
BBM Anak For personal use only Then along came BBM Anak 13 Investor Presenta-on
Slide 14: BBM Anak
BBM Anak For personal use only • Built for less than US$0.5Mill • Using local contractors • Employing local people (Dayaks) 14 Investor Presenta-on
Slide 15: BBM Anak: Breaking New Ground
BBM Anak For personal use only Breaking New Ground • Trial Mine – a First in the area • Trial Barging – a First in the area • Plan to sell to domestic market 15 Investor Presenta-on
Slide 16: BBM Anak: Efficiency
BBM Anak For personal use only Efficiency • 10,000 tonne per month • Total Workforce of 88 • Operations Manager 16 Investor Presenta-on
Slide 17: BBM Anak: First Piece of Equipment
BBM Anak First Piece of Equipment For personal use only 17 Investor Presenta-on
Slide 18: BBM Anak: Within the first week
BBM Anak Within the first week For personal use only 18 Investor Presenta-on
Slide 19: BBM Anak: Not Long After
BBM Anak For personal use only Not Long After 19 Investor Presenta-on
Slide 20: BBM Anak: It's all about the COAL
BBM Anak It’s all about the COAL For personal use only 20 Investor Presenta-on
Slide 21: BBM Anak: The Barito River
BBM Anak The Barito River For personal use only “It can’t be done” 21 Investor Presenta-on
Slide 22: BBM Anak: Ready for Customers - ISP
BBM Anak Ready for Customers - ISP For personal use only 22 Investor Presenta-on
Slide 23: The Team
BBM PCI Project Team For personal use only The Team 23 Investor Presenta-on
Slide 24: BBM PCI Project Team
BBM PCI Project Team For personal use only Pat Hanna – Non-Executive Director, Geologist, over 40 years’ experience all coal; Globally consulting on over 100 projects; strong Indonesian track record; exploration manager Riversdale; prior JORC committee member. Domenic Martino – Non-Executive Directo
Slide 25: The Projects
For personal use only The Projects 25 Investor Presenta-on
Slide 26: Coking Coal Tenements
Coking Coal Tenements BBM, TBAR and BBP Loca-ons For personal use only 26 Investor Presenta-on
Slide 27: The Markets
For personal use only The Markets 27 Investor Presenta-on
Slide 28: On the Doorstep of the Biggest Metallurgical Coal Markets
On the Doorstep of the Biggest Metallurgical Coal Markets For personal use only Fastest and lowest-cost shipping to key customers Dalandzangad l l Mongolia Coos Bayl United S. Korea Japan l China Seoul Seoul l l l States lTokyo Shanghail l India l lGuangzhou l lMumbai China l l Mumba
Slide 29: The Imminent
For personal use only The Imminent 29 Investor Presenta-on
Slide 30: BBM – Potential to Increase Resource Size
BBM – Poten*al to Increase Resource Size For personal use only Ø This potential is in addition to the current 266Mt JORC Measured, Indicated and Inferred Resources Ø Comprised of 13 Seams in the Eastern Block of BBM (only 40% of the tenement area) 30 Investor Presenta-on
Slide 31: Corporate Social Responsibility
Corporate Social Responsibility Education For personal use only • University Scholarship program in conjunction with the Palangkaraya University • General Lecturer at The Palangkaraya University • Sponsored four teachers for the Tumbang Tuan Jnr High School • Environment Awareness Program • CERDAS S
Slide 32: Corporate Social Responsibility
Corporate Social Responsibility For personal use only Safety Awareness and Support Campaign • Safety Socialisations Programmes for local students • Safety Trainings Programmes for local government • Safety tools & equipment support for local airstrip • Face Mask N95 type support for local government
Slide 33: Corporate Social Responsibility
Corporate Social Responsibility Borneo Orangatan Survival Foundation For personal use only Orangutan Release • Cokal provided materials, support and accommodation for 20 BOSF staff • BOSF released 12 Orangutan on 21 April 2016 • Release procedure overseen by Jamarin Sihite , a world renown specialis
Slide 34: BOSF Cooperation
BOSF Coopera-on For personal use only November 2016, Cokal provided an intense First Aid Training and Basic Safety Awareness course for over 80 BOSF personnel 34 Investor Presenta-on
Slide 35: Summary
Summary For personal use only Execu-ve Team with strong track record Plans for High Margin becoming a Metallurgical Coal Significant confirmed Metallurgical Coal Producer Assets with Good Plans to develop Poten-al the porbolio BBM PCI Mine on track for quick produc-on, with significant upside poten-al