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C Ⓒ COKAL T +61 2 8319 9299 E info@cokal.com.au Level 5 , 56 Pitt Street Sydney NSW 2000 ABN 55 082 541 437 ( ASX : CKA ) www.cokal.com.au 29 October 2021 QUARTERLY REPORT FOR THE THREE MONTHS ENDING 30 SEPTEMBER 2021 HIGHLIGHTS • Mobilisation arrangements finalised with mining contractor ; • Road bridge repair held up by delayed materials supply due to heavy rain ; • Additional equipment deployed on road to bring it up to design as bridges are completed ; • Lidar survey and bathymetric survey completed for Batu Tuhup site ; • • Survey of downriver ISP site at Buntok delayed by flooding ; Engineers appointed to design jetty facilities including stockpiles , conveyors , barge loader and fuel storage ; Cokal announced its 2021 estimates for Resources and Reserves . For personal use only INDONESIAN COAL ASSETS Cokal holds shares in the following Indonesian coal assets in Central Kalimantan , each with known resources of metallurgical coal : • • 60 % of the Bumi Barito Mineral ( BBM ) project located in Central Province , Kalimantan , Indonesia . The BBM project area is 14,980ha ; 75 % of PT Tambang Benua Alam Raya ( TBAR ) which owns an exploration tenement covering an area of approximately 18,850ha in Central Province , Kalimantan , Indonesia . This tenement is located adjacent to and southeast of the BBM project ; 60 % of the Borneo Bara Prima ( BBP ) project located in Central Province , Kalimantan , Indonesia . The BBP project area is approximately 13,050ha ; 75 % of the Anugerah Alam Katingan ( AAK ) project . This project is located in Central Province , Kalimantan with an area of approximately 5,000ha . AAK is currently on ' on - hold ' status by the Provincial Police Department . The Police have investigated a dispute over the ownership of AAK pre - dating Cokal's interest in the Project . Cokal is an aggrieved party and will await the outcome of the Police investigation . There was no change in these shareholdings during the quarter . BBM , TBAR , BBP and AAK are located adjacent to Indomet's extensive coking coal tenements . The Company is focussed on the development of the BBM Project . 29 October 2021