Reserves and Resources Draft
RESERVE STATEMENT AS AT 30 June 2024 (JORC 2012, MT)
| Project | Tenement | ROM Coal Reserve | Marketable Coal Reserve | % Holding | ||||
| Proved | Probable | Total | Proved | Probable | Total | |||
| (Mt) | (Mt) | (Mt) | (Mt) | (Mt) | (Mt) | |||
| Broadmeadow East | ML 70257 | 1 | 0.5 | 1.5 | 0.8 | 0.4 | 1.1 | 100% |
| Burton | ML 70109, ML 70260 | 12 | 2.3 | 15* | 6 | 1.4 | 7 | 90% |
| Lenton | ML 70337, EPC 766, EPC 865 | 13 | 5.7 | 19** | 9 | 4 | 13 | 90% |
| Total | 26 | 9 | 35 | 15 | 6 | 21 | ||
* Includes 0.5Mt attributable Auger Mining.
* Includes 1.5Mt attributable to Formosa Plastics Group as part of the Lenton Joint Venture.
** Includes 0.3Mt attributable Auger Mining.
** Includes 1.9Mt attributable to Formosa Plastics Group as part of the Lenton Joint Venture.
Note 1: All Coal Reserves are reported on a 100% bases; Bowen Coking Coal’s economic interest in Burton is 90% and Lenton is 90%.
Note 2: The Coal Reserves for active mining areas are current to the pit surface as of 30 June 2024.
Note 3: Discrepancies in summation may occur due to rounding.
Note 4: Broadmeadow East was 100% owned by Bowen Coking Coal as at 30 June 2024. On 5 July 2024, MPC Lenton Pty Ltd, a wholly owned subsidiary of the Formosa Plastics Group, acquired a 10% interest in the Broadmeadow East mine, as announced by BCB on 8 July 2024.
RESOURCES STATEMENT AS AT 30 JUNE 2024 (JORC 2012, MT)
| Project | Tenement | Measured Resource | Indicated Resource | Inferred Resource | Total | % Holding |
| Broadmeadow East | ML 70257 | 4 | 4 | 23 | 30 | 100% |
| Burton | ML 70109, ML 70260 | 73 | 25 | 10 | 108* | 90% |
| Lenton | ML 70337, EPC 766, EPC 865 | 60 | 50 | 30 | 140** | 90% |
| Bluff | ML 80194 | – | 10 | 2 | 12 | 100% |
| Hillalong | EPC 2141, EPC 1824 | – | 56 | 50 | 107ꝏ | 85% |
| Comet Ridge | EPC 1230 | 8 | 9 | 43 | 60 | 100% |
| Cooroorah | MDL 453 | – | 96 | 81 | 177 | 100% |
| Isaac River | MDL 444, EPC 830 | 6 | 3 | 0.4 | 9 | 100% |
| Lilyvale | EPC 1687, EPC 2157 | – | – | 33 | 33# | 15% |
| Mackenzie River | EPC 2081 | – | 26 | 117 | 143Ω | 5% |
| Total | 150 | 279 | 390 | 819 |
* Includes 11Mt attributable to Formosa Plastics Group as part of the Lenton Joint Venture.
** Includes 14Mt attributable to Formosa Plastics Group as part of the Lenton Joint Venture.
∞ Includes 16Mt attributable to Sumitomo Corporation following the completion of the Phase 1 farm in and Phase 2A farm in. See ASX release 11 December 2020 and 31 August 2021. It is the intention to move to 20% holding by Sumitomo Corporation with the Phase 2B farm in during FY24.
# Includes 28Mt attributable to Stanmore Resources Ltd as part of the Lilyvale Joint Venture.
Ω Includes 136Mt attributable to Stanmore Resources Ltd as part of the Lilyvale Joint Venture.
Note 1: All Coal Resources are reported on a 100% bases; Bowen Coking Coal’s economic interest in Burton is 90%, Lenton is 90%, Hillalong is 85%, Lilyvale is 15% and Mackenzie is 5%.
Note 2: The Coal Resources for active mining areas are current to the pit surface as of 30 June 2024.
Note 3: Discrepancies in summation may occur due to rounding.
Note 4: Broadmeadow East was 100% owned by Bowen Coking Coal as at 30 June 2024. On 5 July 2024, MPC Lenton Pty Ltd, a wholly owned subsidiary of the Formosa Plastics Group, acquired a 10% interest in the Broadmeadow East mine, as announced by BCB on 8 July 2024.
COMPETENT PERSON STATEMENT
The information in this announcement relating to Coal Resources is based on information prepared by Mr Troy Turner who is a member of the Australasian Institute of Mining and Metallurgy. Mr Turner, Managing Director and a full-time employee of Xenith Consulting Pty Ltd 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 Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Mr Turner consents to the inclusion in the announcement of the matters based on the information, in the form and context in which it appears.
The information in this announcement relating to Coal Reserves is based on information prepared by Mr Sunil Kumar who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Kumar, Principal Mining Engineer and a fulltime employee of Xenith Consulting Pty Ltd has over 30 years of experience in mining in the open cut coal mining industry that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Mr Kumar consents to the inclusion in the announcement of the matters based on the information, in the form and context in which it appears.
Neither Messrs Troy and Kumar, nor Xenith Consulting Pty Ltd, has any material interest or entitlement, direct or indirect, in the securities of Bowen Coking Coal Ltd or any associated companies.