Cokal Coal Update on PT Tambang Benua Alam Raya Project
Cokal Limited has received three complying tenders for resource delineation drilling and geophysical logging at its TBAR licence area in the Puruk Cahu Regency of Central Kalimantan. Cokal is the 75% owner and manager of the development of this lease. Cokal has elected to initially assess the most prospective 500 ha of its 18.850 ha licence area at TBAR so it can quickly move to a JORC compliant evaluation of Resources and Reserves and obtain relevant mining permits to enable the development of the TBAR deposit. The access road being developed for BBM has now reached the TBAR lease. This will facilitate access for the drilling campaign
Resource delineation comprises open hole drilling, coring and geophysical logging with associated coal quality and geotechnical analyses, all to the standard required for the JORC Resource estimation. This will provide the information required to undertake initial mine planning for TBAR. It will be the first of several drilling programmes to delineate the TBAR coal seams as part of a comprehensive deposit evaluation.
The coal haul road from BBM to the jetty at Bumban passes through the TBAR deposit. This will facilitate the logistics of mine development and operation with a 75km haul road from TBAR to a jetty close to that being developed for the BBM mine.