Cokal Limited provide the following updates with respect to the transport of product coal to market and first coal sales for Cokal. Cokal will commence loading of coal at the Krajan Jetty within days Coal will be transported to BBM Permanent jetty at Batu Tuhup where it will be stocked Initial Infrastructure to handle coal unloading, stock piling and loading onto larger barges at Batu Tuhup jetty is in place. Coal stockpiled at Batu Tuhup Jetty will be sold in the domestic market under the existing off take agreement with PT Sumber Global Energy as per the underlying contractual terms. Unseasonably low water levels in the upper Barito River have delayed coal loading, however conditions have almost returned to normal.

Cokal has been continuing to stockpile coal at the Krajan Jetty in anticipation of improved river conditions. Mohing Access Road: Cokal has made significant progress on developing the Mohing Access Road to the Batu Tuhup Jetty, which is expected to be operational by March 2023, The Mohing Access Road will connect BBM Pit 3 to the Batu Tuhup Jetty, which is the preferred long-term coal evacuation route, and which will mitigate future issues with river water levels, Two fleets of equipment are currently being utilised to expedite and finalise road development at the final 5km section.