BCC cashed up and ready to develop coal projects

BOWEN Coking Coal has $4.15 million in cash reserves to pursue its development strategy of Queensland coal mining projects following a $2.5 million capital raising at the end of the 2020-21 financial year.

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BCC cashed up and ready to develop coal projects BCC cashed up and ready to develop coal projects BCC cashed up and ready to develop coal projects BCC cashed up and ready to develop coal projects BCC cashed up and ready to develop coal projects

Broadmeadow East, which is located within the undeveloped Mining Lease 70257, has a resource estimate of 33Mt.

In late June the company completed a $2.25 million private placement, which was in association with the $1 million acquisition of Broadmeadow East project from Peabody Energy.

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