Bowen Coking Coal Ltd. has railed its first coal from the Broadmeadow East Mine (BME) through to Dalrymple Bay Coal Terminal (DBCT), near Mackay, in a move that further cements the Company as Queensland's next independent coal producer. BME is the first pit to come on-line as part of BCB's greater Burton Complex, in Queensland's Bowen Basin. It is the Company's second operating mine, following first production and sales from the Bluff mine in June 2022.

Coal production commenced at the BME pit in July this year and is expected to ramp up to steady-state production of between 0.8Mtpa and 1.1Mtpa ROM in the next quarter. The train containing 10,426 tonnes of has been sold under a spot arrangement with the Company's 50:50 Marketing Joint Venture with M Resources. A further 3 trains (approximately 30,000 tonnes) of BME coal are scheduled to be railed to DBCT in the coming week.

Initial sales are being completed on a train-by-train basis through Fitzroy's Carborough Downs facilities during the ramp-up phase whilst the Company's own train load out facility at the Burton Complex is being refurbished. The Company has recently announced it is planning a maiden Cape size vessel (140kt) of BME coal for late December 2022 in addition to the above noted trains.