Cokal Limited provided the following update on the Bumi Barito Mineral (BBM) coking coal mine. Development continues to advance rapidly, with the first saleable coking coal production on-track for September 2022. Krajan Jetty Infrastructure works have progressed as per schedule and is currently geared up to receive the 1st fleet of equipment from the mining contractor which is expected to start arriving this week.

Support infrastructure including administration office, on-site clinic, equipment commissioning pad, coal stockpile, fuel tank farm, and loading ramp fabrication is complete. Dewatering Pipeleline works are ongoing. Bridge construction works on the Krajan Jetty to Pit 3 Haul Road at KM 7 is complete.

Haul Road maintenance works are ongoing. Pit 3 land clearance has progressed on schedule aided by additional equipment arriving at the site. The mining contractor, CBQ, will start the overburden removal by late August.

Further equipment has arrived at site to ramp-up land clearance activities. Health & Safety Workshops being conducted at the site. Additional Senior Manpower appointed including Pit Geologist, Mining Engineer, and Medical Officer.

Telkomsel Telecommunication Tower civil works have commenced by an external contractor. The mining contractor, CBQ, has commenced mobilisation of the 1st fleet of mining equipment. Equipment has already started to arrive at Puruk Cahu Jetty.

Senior manpower from CBQ's team has started to arrive at the Krajan mining camp.