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Cokal ( (AU:CKA) ) has shared an announcement.
Cokal Limited has provided an update on its Bumi Barito Mineral (BBM) Project, confirming that all material assumptions underpinning the production target and financial forecasts remain unchanged. The company has completed technical studies and agreements that support the operating metrics of the BBM project, which includes a forecasted life-of-mine production of 18.8 million tonnes, representing approximately 79% of the declared JORC Ore Reserves. This strategic update indicates Cokal’s continued focus on optimizing operational efficiency and reducing costs, which is crucial for maintaining its competitive position in the metallurgical coal industry.
More about Cokal
Cokal Limited is a company operating in the metallurgical coal industry, focusing on the exploration and development of coal resources. The company is primarily involved in the Bumi Barito Mineral (BBM) Project located in Central Kalimantan, Indonesia, where it holds a 60% stake. Cokal’s market focus is on producing metallurgical coal, which is essential for steel production.
Average Trading Volume: 530,670
Technical Sentiment Signal: Sell
Current Market Cap: A$33.45M
For detailed information about CKA stock, go to TipRanks’ Stock Analysis page.