A global metallurgical coal group

ASX: CKA

Mr Peter Lynch Chairman & CEO

Since graduating with a Mining Engineering degree in 1988, Mr Lynch has held various positions, within the coal industry in Australia, as mining engineer, project manager, mine manager, general manager and managing director culminating most recently in the role, from January 2006 until January 2010, as President, CEO and Director of Waratah Coal Inc. a TSX listed company which was taken over by the Mineralogy Group in December 2008. Mr Lynch has been an integral part of developing some of the most innovative and successful projects in the coal industry. He prides himself on challenging the industry norm.

Mr Pat Hanna Executive Director

Mr Hanna has over 30 years experience as a coal geologist in the areas of exploration and evaluation including planning, budgeting and managing drilling programmes in Australia and Indonesia. Mr Hanna is Cokal’s Exploration Manager.

Mr Domenic Martino Non Executive Director

Mr Martino is a Chartered Accountant and an experienced director of ASX listed companies. Previously CEO of Deloitte Touche Tohmatsu in Australia, he has significant experience in the development of “micro-cap” companies. Mr Martino has a strong reputation in China, a lengthy track record of operating in Indonesia, successfully closing key energy and resources deals with key local players and is a proven expert in capital raisings across a range of markets.

Agus Widjojo Non Executive Director

Lt.Gen (Ret) Agus Widjojo, former Vice Chairman (Deputy Speaker) of the National Assembly of the Republic of Indonesia and Indonesian Armed Forces (TNI) Chief of Territorial Affairs, retired in 2003 and has maintained close connections with political, defence and security institutes and has been commissioned to represent the government on various assignments. He is well respected amongst Indonesia’s leaders and is considered a key contributor in the development of Indonesia’s international ties on various levels.

Garry Kielenstyn Country Manager, Indonesia

Garry is an expatriate based in Kalimantan, he is a veteran of the Indonesian mining and civil contracting industries. His first Indonesian based role was in 1974 and he has been living and working in country since 1990.

Garry has a strong track record for bringing projects through construction to production in remote parts of Indonesia but importantly he has a long and successful track record in the Murung Raya regency where Cokal’s premier Bumi Barito Mineral (BBM) project is located.

Our Directors

Cokal Limited is an ASX listed coal company (ASX:CKA) which holds

interests in coal exploration tenements in Indonesia and Tanzania.

BBM PROJECTCokal’s premier coal project, Bumi Barito Mineral (BBM) covers an area of approx. 15,000ha and is immediately adjacent to BHPBilliton’s Juloi tenement, straddling the Barito River. Major achievements of BBM are:

• Production/Operation Izin Usaha Pertambangan (IUP) (Production Mining Lease) approval granted by the Murung Raya Regency Mines and Energy Department, Central Kalimantan, Indonesia. Covers an area of 15,000ha with terms of 20yr + two 10yr extensions permitted (total 40yrs)

• Agreement completed for a 50:50 Joint Venture with Meratus Advance Maritime (MDM). The JV will own and manage the shallow river barges and tugs design specifically for BBM.

• Obtained all environmental approvals for up to 6Mtpa

• IUP registered on the ‘Clean and Clear’ List

• Definitive Feasibility Study nearing completion

• In final stages of obtaining IPPKH Exploitation licence

• In final stages of obtaining Port Location approval

Coal Resources in the eastern area of BBM (30% of the total area covered by the Production IUP) have been updated, in accordance with the JORC Code 2012, and are comprised of 10.5Mt Measured, 13.5Mt Indicated and 240Mt Inferred. Drilling results have confirmed high quality premium coking coal in the ‘J’ Seam which contains very low impurities (ash, sulphur and phosphorus) while containing the right coking (CSN >9) properties for steel makers. Results of the average coal quality for Seams ‘J’ and ‘B, C, D’ are shown in the tables below.

Company Highlights

In-situ Average Coking Coal Quality ‘J’ Seam (% adb)

Product YieldInherent Moisture

AshVolatileMatter

Fixed Carbon

Total Sulphur

Calorific Value

Kcal/kgCSN

Relative Density

Phosphorus

Raw Coal 100 0.9 6.5 – 23.2 15.6 – 18.9 58.4 – 74.8 0.31 – 0.55 6500 – 8100 9 1.39 0.009

Washed Coal 81 0.7 5.3 18.1 76.0 0.42 8,300 9 1.32 N/A

In-situ Average PCI Quality, ‘B, C and D’ Seams (% adb)

Inherent Moisture

AshVolatileMatter

Fixed Carbon

Total Sulphur

Calorific Value

Kcal/kgCSN

Relative Density

Phosphorus

1.0 6.5 9.5 83.0 0.42 8,100 1.5 1.37 0.002

Updates on further development can be viewed on our website www.cokal.com.au - Investor Relations.

PT Tambang Benua Alam Raya (TBAR)Cokal has entered into an agreement to acquire a 75% interest in the TBAR project which is adjacent to our BBM coking coal project in Central Kalimantan.

Initial geological surface mapping has revealed 70 outcrops of bright coal many of them measuring between 1.75m to 1.90m in thickness. Listed on the Indonesian Government’s ‘Clean and Clear’ List, the TBAR exploration area covers 18,850 hectares.

Laboratory results confirm the coal seams in TBAR will produce export quality, premium metallurgical coal. The TBAR project will be able to take advantage of the coal handling logistics being developed for the BBM coal coking coal project, using shallow-river barging in the Upper Barito River. The haul road used to take BBM’s coking coal to the barge loading port passes through the TBAR tenement.

River BargingIn May 2013, Cokal entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM). The JV will own and manage the shallow river barges and tugs designed specifically for BBM.

The JV is an accumulation of almost two years of studies into river based shallow draft barging systems on the Barito River and is one of the fundamental building blocks for developing a viable and efficient system for getting coal from the project to the customer. This strategic JV brings MDM’s experience and knowhow which will ensure the success of river barging on the Barito River, and allows Cokal to be a part of controlling this critical part of its supply chain. This is a significant achievement for Cokal as we draw closer to the commencement of our coking coal production in mid 2014.

BBMPT Bumi Barito Mineral (BBM) is a PMA company with an ownership structure comprising Cokal 60% and Indonesian owners 40%. BBM, Cokal’s premier metallurgical coal project, is planned to produce high quality export coking coal to the nearby Asian steel markets in 2014. The low ash coking coal will be produced from shallow opencut mining extraction using trucks and shovels. The coal will travel 700km down the Barito River using river barging techniques tried and proven on similar rivers in many countries including the USA and Brazil. Indications are that BBM coking coals will be well sought after by steel manufacturers because of its low ash, low sulphur and ultra-low phosphorus.

TBARCokal has entered into an agreement to acquire a 75% interest in tenements adjoining its premier coal project, BBM, located in Central Kalimantan. The Tambang Benua Alam Raya (TBAR) Exploration Licence (IUP – Izin Usaha Pertambangan Eksplorasi) No.188.45/204/2012, which is on the ‘Clean and Clear’ List, is an exploration area of 18,850ha, with over 80% of the lease being either production or limited production forestry lease which means it is available for exploration subject to the issuance of a exploration forestry permit. Initial laboratory results confirm that the coal seams in TBAR will produce export quality, premium metallurgical coal.

BBPPT Borneo Bara Prima (BBP) is a PMA company with an ownership structure comprising Cokal 60% and Indonesian owners 40%. The project is located in the North Barito Basin and covers 13,000ha. BBP is directly adjacent to the Maruwai Coal Project (BHP 75%, Adaro Energy 25%) which hosts the Lampunut coking coal deposit in the Batu Ayau Formation immediately to the southeast of the eastern BBP project area.

Initial laboratory results indicate that coal from the southern part of the BBP Project is suitable for the PCI and Anthracite markets and is a bright coal with a low in-situ ash, low sulphur content, ultra-low phosphorous and high energy. Given the size and location of the BBP concession and the limited exploration data to date, there is potential to discover one or more economically significant coal deposits, which may support a range of high quality products to the metallurgical coal export markets.

AAMPT Anugerah Alam Manuhing (AAM) is a PMA company with an ownership structure comprising Cokal 75% and Indonesian owners 25%. A total of eleven coal outcrops were recorded during a geological mapping survey investigation which discovered coal seam thicknesses ranging between 0.42m and 4.20m.

The field descriptions and photographic evidence are supportive of a high rank coal. These higher coal ranks are characterised by very low volatile matter content, very high carbon content and high specific energies. At this stage, AAM is interpreted to consist of thermal and metallurgical coals of export quality.

AAKPT Anugerah Alam Katingan (AAK) is a PMA company with an ownership structure comprising Cokal 75% and Indonesian owners 25%. The project is located in the North Barito Basin. Initial geological mapping within the 5,000ha concession area has identified five coal outcrops with coal seam thicknesses ranging between 1.2m and 1.8m thick. The coals occur within the Haloq Sandstone, which is the same formation as the metallurgical coals of BBM and BBP.

Laboratory analysis of one of the coal samples depicts a low ash, high specific energy coal indicative of a good quality anthracite suited to the export market. The field descriptions of the coal are also indicative of a vitreous high rank coal. Further exploration activity is expected to define a wider distribution and consistency of coal development within the concession.

SNRPT Silangkop Nusa Raya (SNR) is a PMA company with an ownership structure of Cokal 75.2% and Indonesian owners 24.8%. SNR holds three exploration licences located near the Western border of West Kalimantan close to the Malaysian border, which were acquired based on information indicating the potential to find metallurgical coal at depths more suited to underground mining. The SNR Licences cover an area of approximately 13,000ha.

Recent mapping uncovered shallow coal outcropping in SNR. Initial results of this shallow coal indicate that the coal may produce either a premium export thermal coal with Calorific Values in the order of 7,000, or a semi-soft coking coal. Further mapping and subsequent exploration drilling will produce a Coal Resource in accordance with the JORC Code.

Our Indonesian Projects

Cokal presently have three offices, our Head office is located in the heart of Brisbane, Australia, the Indonesian Corporate office in Jakarta, Indonesia and our Site office in Puruk Cahu, Murung Raya, Central Kalimantan, Indonesia. Our Management Team regularly visit the Indonesian offices to support our Management and Staff.

In Indonesia, our subsidiary company PT Cokal has employment and training programmes in place to enhance local economic development and prosperity. The company employs over 40 fulltime staff and has instigated a co-op with the local villagers in Puruk Cahu to assist us with logistical needs, ie. food supply, labour, equipment and transportation.

BRISBANE (Head Office) Address: Level 34 Riverside Centre 123 Eagle Street, Brisbane, Queensland, Australia 4000 Postal Address: PO Box 7122, Brisbane, Queensland, Australia 4001 T +61 7 3001 4100 F +61 7 3001 4195

JAKARTA (Indonesian Corporate Office) Address: Wisma GKBI 12th Floor Suite 1202 Jl. Jend. Sudirman No. 28 Jakarta 10210 Indonesia T +62 21 5790 3265 F +62 21 5790 3269

PURUK CAHU (Site Office) Address: Jl. Untung Suropati No.35, Angkang RT/RW: 03/03 Puruk Cahu, Murung Raya 73911, Central Kalimantan, Indonesia T +62 528 31066 F +62 528 31067

INVESTOR RELATIONS ASIA T +62 812 1265 6186

E info@cokal.com.auwww.cokal.com.au

Our Offices

ASX: CKA

Yoga, Cokal’s Resource Manager (2nd from left) teaching new geologists

Tri Yoso, Cokal’s Geology Resource Manager and Yoga Suryanegara (2nd from left) in the training room with Puruk Cahu geologists.

3rd photo: Irwan (Snr Geo), Paradita (Geo), Diah (Geo) and Tri Yoso (Geology

Resource Manager) – left to right.