Bowen Coking Coal (ASX:BCB) announced financial results for the quarter ended 30 September 2022.
Positive safety performance.
Completed the acquisition of Burton Mine and Lenton Project.
First coal mined and processed from Broadmeadow East.
Burton refurbishment fast-tracked with Train Load Out to be recommissioned in November 2022.
Contractor provided notice to proceed with mobilisation for Burton mining in early 2023.
Strategic mine planning review underway in light of ongoing price strength to assess potential for increased production volumes and mine life extensions across the portfolio commencing with the Burton Complex including a potential future expansion of the CHPP.
Second shipment of coal from Bluff Mine recorded in the quarter.
Implementing a crush and screen bypass circuit at Broadmeadow East to maximise ramp up revenue in light of high thermal prices.
Phase 2a drilling exploration program successfully completed at Hillalong; technical studies have commenced to prove up the deposit as a further satellite pit for Burton Complex.
Following the announcement the company?s share price rose 2.777%.