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Cokal Limited (ASX:CKA)
ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.058 0.011 (23.40%)+
Release
7 Oct 2025 10:04AM
Price at Release
$0.047
Full Release
Summary
Cokal Limited (ASX: CKA) announced the completion of commercial trial coal shipment sales to PT Dexin Steel Indonesia and PT Detian Coking Indonesia. These shipments are the first since May 2025, marking a significant resumption of sales after challenging market conditions. The sales were structured and facilitated by M Resources, who helped secure favorable pricing. M Resources is collaborating with Cokal and INTCO to actively market BBM's coal and drive value creation. The company is also engaged in advanced discussions for further Q4 sales to continue building sales momentum.
Key Points
- Cokal completed commercial trial coal shipment sales to PT Dexin Steel Indonesia and PT Detian Coking Indonesia.
- The shipments marked the first coal sales since May 2025, indicating a positive shift after a period of weak market conditions.
- Transactions were structured and facilitated by M Resources, achieving favorable benchmark-linked pricing.
- M Resources' senior team is working with Cokal and its offtake partner INTCO to market BBM's coal.
- Advanced discussions are underway for additional Q4 sales to bolster sales momentum.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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