Bowen Coking Coal Limited (ASX : BCB) is a Queensland based coking coal exploration and development company with a portfolio of advanced coking coal projects.
The Company holds the Cooroorah, Isaac River, Hillalong and Comet Ridge Coking Coal Projects, all located in the world-renowned Bowen basin in Queensland, Australia. In addition, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects with Stanmore Coal Limited (ASX: SMR).
The highly experienced Board and management aim to generate significant shareholder returns by applying their experience in the coal industry with the inherent value of BCB’s excellent coking coal portfolio. This may include developing the assets into profitable coal mines, agreeing strategic partnerships with global industry participants, asset disposals, or a combination thereof.
The Company has already embarked on an aggressive two-year exploration and development program, delivering JORC resource statements (Indicated and Inferred) for both Cooroorah and Isaac River, with a planned drilling program aimed at delivering a maiden resource statement for Hillalong.
The success of the maiden drilling program at Isaac River as resulted in the Company focussing its efforts on fast tracking Isaac River’s development.