T +61 7 3225 4574

E info@cokal.com.au

Level 4, Bowman House, 276 Edward Street, Brisbane QLD 4000

PO Box 7122, Brisbane QLD 4001
ABN 55 082 541 437 (ASX: CKA)
www.cokal.com.au
ASX ANNOUNCEMENT / MEDIA RELEASE
13 August 2015

Cokal Receives Full Forestry Approval For BBM Mine, Haul Road & Port

HIGHLIGHTS
 Cokal has received the Borrow and Use of Forest Area Permit IPPKH (Ijin Pinjam Pakai Kawasan
Hutan) for an initial operational area of 1,242 ha in BBM (Bumi Barito Mineral) Coal Project.
 The IPPKH (Forestry Permit) allows for the construction and operation of the port, haul road and initial
mine development areas for Cokal’s initial mine plan of 2 Mtpa of premium coking coal from BBM
 Cokal is one of the first companies to receive the Forestry Permit under the new Jokowi regime which
allows foreign companies to acquire their permits from the BKPM (Investment Coordinating Board).

Cokal Limited (Cokal ASX:CKA, “Cokal” or “the Company”) is pleased to announce the Indonesian Minister
for the Environment and Forestry has issued the “Borrow and Use of Forest Area Permit (Ijin Pinjam Pakai
Kawasan Hutan (“IPPKH”)) or “Forestry Permit” for its 60% owned Bumi Barito Mineral Coal Project (“BBM”
or “the Project”), located in Central Kalimantan, Indonesia.

The issuance of the Forestry Permit now concludes the final approval process necessary to allow the Company
to start construction and mining. In addition to the forestry permit, Cokal has an approved mining license and
full environmental approval for up to 6Mtpa of coal extraction.

An Initial area of approximately 1,242 ha has been approved by the Forestry Department covering the
operation of the port, haul road and the initial mine site. In accordance with standard Mining Department
practice, the initial operational area is reviewed by the Department and extended as required to meet the
planned mine development.

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Cokal’s Chairman Peter Lynch commented “We are pleased that the final stage of the forestry permitting
process is now complete. With the delays in finalizing the permitting process, behind us, we can now look to
the future and focus our efforts on the delivery of the BBM project.” Lynch further commented that “as we
have reported previously, after establishment of the initial 2Mtpa operation we have the ability to expand up
to potentially a 6Mtpa of premium coking coal operation and this considerably increases our confidence in the
success of this exciting Project and consequently bringing increased value to shareholders.”

The permit was delayed due to the change of government last year and the creation of a combined forestry /
environmental ministry. The new one-stop integrated service (PTSP) was launched on 26th January 2015 by
President Joko Widodo to simplify investment licensing procedures for foreign-owned companies like Cokal
and improve ease of doing business, which in turn could bolster economic growth. With the new service, the
BKPM has taken over 134 permits from 22 ministries and institutions. These permits include some of those
that have often been stumbling blocks for investment, such as land-use permits and environmental impact
analysis permits from the Environment and Forestry Ministry. Cokal is honoured to be the first IUP (Mining
Lease) from Murung Raya Regency who got the approval with the new system. While Cokal has experienced
delays due to these changes, we remain positive and support the Indonesian Government’s initiatives as they
strive for a more efficient and transparent process for the future, which will be sure to attract more foreign
investment into the country.

13 August 2015 Page 2 of 5

Cokal’s Jakarta Management team examine the IPPKH documents which have been approved and received
from the Indonesian Investment Coordinating Board (BKPM)

CAKRA BID FOR COKAL

Cakra is due to lodge there Bidder’s statement with The Australian Securities and Investments Commission
(ASIC) by close of business today 13th of August, 2015. Cakra were granted an extension to lodge their bidders
statement (Part A) by ASIC on the 14th of July, 2015.
As an entity listed on the Indonesian Stock Exchange, Cakra had prepared its financial reports in accordance
with Indonesian accounting standards. Following consultation with ASIC and to comply with Australian
regulatory requirements, Cakra’s bidder’s statement must include financial information for a 3 year period in a
form which meets International or Australian Financial Reporting Standards (AIFRS) or can be reconciled to
AIFRS.
The preparation of that information had been delayed due to religious and public holidays in Indonesia from
16 July up to and including 21 July. Cakra has received an extension of time from ASIC in which to lodge its
bidder's statement for a further month, so that the bidder’s statement is now due by no later than 13 August
2015.

Cakra remains committed to making the Offer and believes that its Offer can be made as soon as the IFRS
Financial Information is finalised."

PROJECT OVERVIEW
BBM’s Production IUP covers an area of 14,980 hectares (ha), immediately adjacent to BHP Billiton’s Juloi
tenement. The tenement covers ground which has been zoned as Production Forest. Production Forest zones
are areas that have been designated by the Central Government of Indonesia to allow for forestry and mining
activities by local and international companies.

13 August 2015 Page 3 of 5

The IUP straddles the Barito River and has numerous outcrops of bright coal. Coal core samples analysis
confirmed BBM’s coal to be a premium coking coal with Crucible Swell Numbers (“CSN”) values generally 9
or more.
 Total Coal Resource estimate of 266.6Mt at BBM, comprised of 19.5Mt Measured, 23.1Mt Indicated and
224Mt Inferred Resources reported in accordance with the 2012 JORC Code
 Resource increase attributed to the additional ‘J’ Seam in the KLM area which is 100% Premium Coking
Coal
 Product split for the total BBM Coal Resource is estimated to be 90% Coking Coal and 10% PCI
 Product split used in the Study (approx. 20Mt) was approximately: 82% Coking Coal and 18% PCI

Location of BBM Coal Tenement (IUP 188.45/273/2010)

ENDS

Further enquiries:
Peter Lynch
Chairman
Mobile: +62 821 1001 0009

13 August 2015 Page 4 of 5

About Cokal Limited

Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer
with a global presence. Cokal has interests in five projects in Central Kalimantan and one project (which holds three
exploration licences) in West Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed
a joint venture with Tanzoz Resource Company Limited to explore for coal in Tanzania and a co-operation agreement with
Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of
Mozambique.

Forward Looking Statements

This release includes forward looking statements. Often, but not always, forward looking statements can generally be
identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”,
“continue”, and “guidance”, or other similar words and may include, without limitation statements regarding plans,
strategies and objectives of management, anticipated production or construction commencement dates and expected
costs or production outputs. Forward looking statements in this release include, but are not limited to, the capital and
operating cost estimates and economic analyses from the Study.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause
the company’s actual results, performance and achievements to differ materially from any future results, performance or
achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange
fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature
of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing
quantities or grades of resources or reserves, political and social risks, changes to the regulatory framework within which
the company operates or may in the future operate, environmental conditions including extreme weather conditions,
recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the company and its management’s good faith assumptions relating to the
financial, market, regulatory and other relevant environments that will exist and affect the company’s business and
operations in the future. The company does not give any assurance that the assumptions on which forward looking
statements are based will prove to be correct, or that the company’s business or operations will not be affected in any
material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the
company’s control.

Although the company attempts to identify factors that would cause actual actions, events or results to differ materially
from those disclosed in forward looking statements, there may be other factors that could cause actual results,
performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the
reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking
statements.

Forward looking statements in this release are given as at the date of issue only. Subject to any continuing obligations
under applicable law or any relevant stock exchange listing rules, in providing this information the company does not
undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in
events, conditions or circumstances on which any such statement is based.

Competent Person Statement

The Total Coal Resource estimate was announced on 29 January 2015, titled “Cokal announces updated JORC Resource
Statement for Bumi Barito Mineral (BBM) Project”. The information in the report relating to Mineral Resources is based on
information compiled by Yoga Suryanegara who is a Member of the Australasian Institute of Mining and Metallurgy and a
full time employee of Cokal Limited. Mr Suryanegara is a qualified geologist and has sufficient experience which is relevant
to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify
as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves”.

The Company confirms that it is not aware of any new information or data that materially affects the information included
in the announcement made on 29 January 2015 and that all material assumptions and technical parameters underpinning
the estimates in the announcement made on 29 January 2015 continue to apply and have not materially changed.

The information in this report relating to exploration results is based on information compiled by Patrick Hanna who is a
fellow of the Australasian Institute of Mining and Metallurgy and is a consultant (through Hanna Consulting Services) to
Cokal Limited. Mr Hanna is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation
and type of deposit under consideration and to the activity which they are undertaking, to qualify as Competent Persons
as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves”.

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