TBAR – Cokal owns 75% interest in PT Tambang Benua Alam Raya (TBAR) adjoining its premier flagship coal project, Bumi Barito Mineral (BBM).

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 (CNC) List, has a total exploration area of 18,850
hectares, 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

Based on our initial exploration and outcrop mapping at the TBAR IUP there is a reasonable potential to
find the premium coking coal seams that extend down into TBAR from the adjacent BBM