Bowen Coking Coal achieves shipping goal, upgrades Hillalong South resource

Bowen Coking Coal (ASX:BCB) achieved its goal of shipping four vessels in July 2023, exporting 179kt of coal from its Bluff mine in Queensland.

Chief executive Mark Ruston commented on the export.

“Our July shipping performance follows 199kt being shipped in June across four vessels,” he said.

“External coal supply chain issues have eased and the company is confident recent momentum will continue in the near-term with an increase in coal tonnes for the quarter, and a higher percentage of metallurgical coal over time.”

Hillalong South resource upgrade

Bowen has also reported a 45% upgrade in the resource estimate for its Hillalong South project on the back of the 2022 exploration program.

The total resource new stands at 106Mt, of which 56Mt is classified as indicated and 50Mt as inferred.

The 2022 exploration program defined more resources to the immediate north of Hillalong South, whilst providing information on the interpreted intruded areas in the resource.

“The Hillalong project is another strategic block in Bowen’s regional plan for the Burton Complex,” Mr Ruston said.

“The significant upgrade in the resource is not only great news, but also gives us confidence to invest further in the valuable deposit to work towards a development decision.”