Slide 1: Investor Presentation July 2011
For personal use only Investor Presentation JULY 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 Team
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
STRONG COAL PEDIGREE For personal use only Peter Lynch Pat Hanna - Executive Chairman - Executive Director Mining Engineer, 46, over 23 years Geologist, 56 , over 30 years experience experience mainly in coal. all in coal. Proven track record in coal project Extensive experience in Indonesia
Slide 6: Strong Coal Pedigree
STRONG COAL PEDIGREE For personal use only Jim Middleton Dominic Martino - Managing Director - Non Exec Director Mining Engineer, 47, over 30 years all Former CEO Deloitte Touche coal mining experience. Tohmatsu Australia. Highly successful career with the 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 Chartered Accountant, Ernest & Young Manager background Geologist, 48, over 22 years coal Successful IPO and RTO record on experience. ASX, TSX and AIM listed compa
Slide 8: Experienced Executive Team
EXPERIENCED EXECUTIVE TEAM For personal use only Yoga Suryanegara - Exploration and Resource Geologist Indonesian Geologist with International Experience. Ex Senior Coal Geologist in Caledon resources for 3 years (underground mining experience with international standard). Worked side by side
Slide 9: 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 9
Slide 10: Strategy: Metallurgical Coal Volume Growth
STRATEGY For personal use only Metallurgical Coal Strong and prospective volume growth Source Bhpbilliton 2010 Source: CISA; WMM; Global Insight; BHP Billiton Analysis 10
Slide 11: Strategy: Metallurgical Coal Pricing
STRATEGY For personal use only Metallurgical Coal Strong & prospective pricing Data: CRU Analysis 11
Slide 12: Strategy: Metallurgical Coal (cont'd)
STRATEGY For personal use only Metallurgical Coal (cont’d) Current Assets in Emerging Metallurgical Coal Basin – Kalimantan View to seek appropriately prospective opportunities (see Tanzania) Pursue development to production within reasonable timeframe Major Basins Bowen – Qld USA Ca
Slide 13: Strategy: Respect for Stakeholders and Ethics
STRATEGY For personal use only Respect for Stakeholders and Ethics Distinguish ourselves as valued mining operator for Employees, Communities, Regulators and Investors. Long term value generation. Low risk management of regulatory issues. Environmental and safety values Technical Skills and
Slide 14: Company Structure
COMPANY STRUCTURE For personal use only Cokal Limited (CKA) Transaction completed 23rd December $20M private placement @ 30c New Board of PL, JM, PH & DM installed Passport Capital Placement $12M @ 75c Capital Structure CKA (pre transaction) 45.3M shares 16.7M options (avg 19c) JDC 210M sh
Slide 15: 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 15
Slide 16: Initial Assets: Kalimantan Tenements
INITIAL ASSETS For personal use only Kalimantan Tenements Four tenements and company structure agreed Payments based on timing, ownership provisions and resource definition Prospective area for metallurgical coal (near BHPB’s Maruwai), largely unexplored Solid local partnership / ownership
Slide 17: Drilling Confirms Excellent Coal Quality
DRILLING CONFIRMS EXCELLENT COAL QUALITY For personal use only Collar Depth to Depth to Hole / Easting Northing angle Nett Coal No seams / RL Remark 1st Coal base Coal Sample (local Grid) (local Grid) o (m) plys (m) (m) (m) BBM001 275,793 9,761,801 109 90 Drillhole 25.90 4.19 4 39.25 BBM002 276,794
Slide 18: Premium Quality Metallurgical Coal
PREMIUM QUALITY METALLURGICAL COAL For personal use only 18
Slide 19: Premium Quality Metallurgical Coal
PREMIUM QUALITY METALLURGICAL COAL For personal use only 19
Slide 20: Premium Quality Metallurgical Coal
PREMIUM 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
PROJECT INFORMATION For personal use only BBM (Bumi Barito Mineral) - 50/50 ownership Straddles the Barito River, with coal seam outcrops on riverbanks Outcrops have bright coal drilling and laboratory analysis confirms premium quality metallurgical coal Laboratory tests indicate very low as
Slide 24: Project Information
PROJECT INFORMATION For personal use only AAM (Anugerah Alam Manuhing) - 75/25 ownership 11 Outcrops, up to 4m in thickness Outcrops have bright coal 10,000ha AAK (Anugerah Alam Katingan) - 75/25 ownership 5 Outcrops 1 - 2m in thickness Outcrops have bright coal & possible anthracite
Slide 25: Tanzania
For personal use only 25 TANZANIA
Slide 26: Tanzania Joint Venture
TANZANIA JOINT VENTURE For personal use only Two companies being formed JV1 – 50:50; JV2 60:40 JV1 has tenement JV2 vehicle for further prospects Part of Karoo Basin (per Mozambique) 26
Slide 27: Milestones - 2011
MILESTONES - 2011 For personal use only Q1 - Geologists mapping – Kal Q1 - Drilling to commence – Kal Q2 - Drilling to commence – Tanz Q2 - Coal quality data – Kal Q3 - Initial resource – Kal Q3 - Coal Quality data - Tanz Q4 - Concept Studies commence – Kal 27
Slide 28: 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 28