Full Report Available at www.independentresearch.com.au ACQUISITIONS ARE A LOW COST PATH TO PRODUCTION Bowen Coking Coal Ltd will have acquired an impressive portfolio of assets in Queensland, Australia, capable of delivering coal into the currently very buoyant market from as early as the March Quarter 2022, and ramping up to over 4mtpa of saleable product, with over 90% of revenue from steel making coal initially, and 70% longer term.