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Cokal ( (AU:CKA) ) has issued an update.
Cokal Limited has completed construction of its Magazine Warehouse at the BBM mine and secured regulatory approval from Indonesia’s Dirjen Minerba, marking a key step in establishing the site’s explosives and blasting infrastructure. Additional permits for P2, P3 and a mixing plant are expected by mid-February, while workers’ camp and office facilities for drill-and-blast contractor Sun Mining Services are on track for completion by the end of January 2026.
Sun Mining Services is mobilising its operational team from Brisbane and coordinating with BBM mining contractor PT Harapan Mitra Lestari to finalise responsibilities, reporting and performance metrics ahead of first blast activities. Drill-and-blast equipment and initial Wala chemical supplies sufficient for around three months have been imported and secured, with Ammonium Nitrate procurement to be managed by Sun Mining Services, positioning the BBM operation to commence blasting by the end of February 2026 and enhance mining efficiency in high strip-ratio areas.
The most recent analyst rating on (AU:CKA) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Cokal stock, see the AU:CKA Stock Forecast page.
More about Cokal
Cokal Limited is an ASX-listed coal company focused on developing and operating coal mining projects, notably the BBM mine, with associated site infrastructure and contractor-managed drilling and blasting services to support production ramp-up.
Average Trading Volume: 707,124
Technical Sentiment Signal: Hold
Current Market Cap: A$90.63M
For detailed information about CKA stock, go to TipRanks’ Stock Analysis page.