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Cokal Limited (ASX:CKA)

ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.049 -0.027 (-35.53%)+
Announcement
Release
30 Jan 2026 11:51AM
Price at Release
$0.076
Full Release
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Summary
Cokal Limited reported on its quarterly activities up to December 2025, highlighting progress in the Bumi Barito Mineral (BBM) project in Indonesia. The company resumed coal sales and contractor-led mining operations, supported by improved market conditions and infrastructure enhancements. Cokal executed a US$20 million debt financing for the BBM project and secured loan facilities from Indonesian banks. The company aims to ramp up production in 2026, with cash and cash equivalents at the end of the quarter recorded at US$554,000, alongside US$2.4 million in undrawn facilities. Key operational developments included the appointment of a mining contractor for a non-exclusive five-year agreement and the completion of a significant coal shipment to PT Krakatau Posco. The company foresees stable market conditions and aims to increase coal production contingent on market trends and infrastructure capacity.
Key Points
  • Cokal Limited progressed key development activities at the BBM project.
  • Resumed coal sales and contractor-led mining operations in December 2025.
  • Improved market conditions supported higher pricing outcomes.
  • Executed a US$20 million debt financing for BBM project development.
  • Secured loan facilities from Indonesian banks with USD 9.25 million limit.
  • Cash and cash equivalents at quarter end were US$554,000.
  • US$2.4 million in undrawn finance facilities available.
  • Appointed PT Harapan Mitra Lestari as mining contractor.
  • Completed a 7,500mt coal shipment to PT Krakatau Posco.
  • Aims to ramp up production in 2026, subject to market conditions.
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.