SYDNEY (Yosefardi) – Cokal Limited reported its Bumi Barito Mineral (BBM) project has multiple seams of high quality metallurgical coal.
BBM’s Production IUP covers an area of 14,980 hectares (ha), immediately adjacent to BHP Billiton’s Juloi tenement, is straddling the Barito River.
The BBM project is located northwest from the township of Puruk Cahu, the capital city of Murung Raya Regency, Central Kalimantan.
BBM was awarded exploration license for 2 years period, covering an area of 19,400 hectares in the Seribu Riam and Sumber Barito District, Central Kalimantan province
Meanwhile for BBP Project, no exploration activity was conducted during three months ended September 2014 as all drilling and exploration resources have been deployed to BBM to assist in the delineation of the coal seam in the KLM area.