Cockatoo Coal Limited

Cockatoo Coal Limited is a rapidly growing ASX listed Australian metallurgical coal producer. 

The Company’s current focus is on expanding our existing Baralaba ultra low-vol PCI coal mine operation, in central Queensland.

The Company is also advancing emerging coal projects in both Queensland and New South Wales.

With a program to develop our key operating assets and strong existing ties to Asia, we are well placed to service the still-rising growth in global demand for metallurgical coal.

Some recent highlights, as at 31 March 2013 include:

 Mining Operations

Baralaba March Quarter 2013 December Quarter 2012
ROM Coal production (tonnes) 99, 687 186, 645
Overburden (tonnes) 1, 005, 283 1, 830,935
Strip Ratio 10.1 9.8
Production cash cost ($'000) 11, 664* 20,995*

Shipments

    
PCI (tonnes) 60, 828 186,950
Thermal (tonnes) - -
Receipts ($'000) 17, 424 20,035^
Gross cashflow contribution ($'000) 5, 760* (960)*

Cash at end of quarter ($'000)

 12, 244 12,621*
*Payments for production during the quarter have been decreased by $2, 876, 000 ($6, 976, 000 increase to date) to match certain production costs with the period in which they are paid. Cash at the end of the quarter is unadjusted.


Reserves and Resources

(as at 31 March 2013)

Global Resource Inventory (100% Project Basis) Total JORC Reserve (Mt) Total JORC Resource (Mt) Change
Bowen Basin Qld 70 346 17.5 Mt Marketable Reserve upgrade & 3 Mt Resource upgrade
Surat Basin Qld 300.8 1,761 Unchanged
Bylong NSW - 423 Unchanged
Hume NSW - 451 Unchanged
Total 370.8 2,981  
*Cockatoo Coal’s planning concepts are subject to successful delineation of required coal resources, timing and delivery by 3rd parties of proposed rail and port capacity expansions, capital availability and other key inputs.