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Cokal ups the ante at BBM

25th October 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Coal developer Cokal has reported a 340% increase in the resource estimate at its Bumi Barito Mineral (BBM) metallurgical coal project, in Indonesia.

The project is now estimated to have a resource of 264-million tonnes, of which 10.5-million tonnes has been classified as measured, 13.5-million tonnes as indicated, and the balance as inferred.

Cokal on Friday attributed the increase in the resource to the continuation of the ‘J’ seam.

“This coal resource upgrade is in line with the exploration target previously announced. Further drilling will define additional coal resources and increase the proportion of measured and indicated resource,” said Cokal executive director Pat Hanna.

Cokal was currently undertaking a definitive feasibility study on the BBM project, with the company hoping to be in production by the first half of 2014.

Edited by Creamer Media Reporter

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