Cokal Limited (AU:CKA) has released an update.
Cokal Limited, the high-quality metallurgical coal producer, has underscored its robust future production and financial prospects based on its current coal reserves and resources. Using technical studies and agreements, Cokal has projected significant reductions in operating and capital costs, with a life-of-mine production forecast at 18.8Mt, representing approximately 79% of the declared JORC Ore Reserves. The company’s confidence in its projections is backed by compliance with the JORC Code and reinforced by previous ASX announcements.
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