MC - $11.7m
SP - 10c
Shares - 117m
Options - Nil quoted
Cash - $1.3m
Company presentation here,
http://www.asx.com.au/asxpdf/20120612/pdf/426sd0mjnnjbm4.pdf
Flagship High CV Thermal Coal Project (TCM)
● Positive Feasibility Study completed on TCM South Project (128.8Mt JORC, 6200 GAR CV)
- KOPEX confirm TCM Project technically & financially feasible
- Targeted Sellable Coal of ~ 1.5million TPA over 15 years achievable
- Average Operating Costs ~ USD 52/t
- Significant potential to increase mine life at this high CV (6200 GAR) coal project
● Drilling undertaken in TCM north targeting 200mt – 220 mt total TCM Project resource
● Clean & Clear Title Status obtained for TCM
● PMA Status Achieved for TCM
Immediately adjacent to PT Arutmin ATA mine
High calorific value thermal coal 6,200 kcal / kg (AR)
128Mt of JORC measured, indicated & inferred resource, with significant potential to increase (target 200Mt)
Haul road in (51kms to Batulicin Barge Loading Terminal)
Thermal Coal: Indonesia - Kalimantan
# 1 Thermal Coal Exporting Region in the World
COST TO DEVELOP A MINE
Indonesia USD 56/t
Canada USD 90/t
South Africa USD 99/t
Australia USD 141/t