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Quarterly Report For the quarter ended 31 December 2020 www.bowencokingcoal.com.au Highlights BCC BOWEN COKING COAL LIMITED Sumitomo confirms further commitment to continue farming into the Hillalong JV through an additional $ 2.5m investment • Further Coal Quality drilling commenced at Broadmeadow East • Mine planning studies underway at Broadmeadow East in advance of final permitting and decision to mine planned for the second half of this year Environmental Authorisation application lodged for Isaac River . Final permitting and decision to mine is expected in the second half of this year • • Successful $ 3m capital raising to accelerate Broadmeadow East development Director Options exercised raising an additional $ 900k Metallurgical coal prices from Australia have recovered significantly from recent lows on the back of strong demand from steel production to US $ 160.50 / per metric tonne ( t ) ¹ for prime Australian Coking coal , a c60 % rise over recent weeks 1 As at 28 January 2021 ( Platts Premium Low Vol ) 2 SGX Forward Curve