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Location: 50 km NE from Moranbah, Queensland, Australia
Level 4 167 Eagle StreetBrisbaneQueensland, Australia4000
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As of July 31, 2025, the fate of Bowen Coking Coal is in the hands of voluntarily-appointed administrators, but its board is hopeful a recapitalisation or sale of the business are still possible.
On 31 July 2025, Ben Campbell, John Park, and Joanne Dunn of FTI Consulting were appointed as Receivers and Managers, pursuant to security interests in favour of Global Loan Agency Services Australia Nominees Pty Limited.
Decision has been made following the inability of the Company to secure fresh capital or to negotiate alternative commercial arrangements with the Company’s two largest creditors, BUMA Australia Pty Ltd (BUMA), the Queensland Revenue Office (QRO), and the Company’s senior secured lender.
This came after the state’s tax authority rejected Bowen’s initial proposal on July 23. Bowen’s shares have been suspended from trading on the ASX since June 26, 2025.
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The Isaac River Project resource is located in the northern part of the Permo-Triassic Bowen Basin containing principally fluvial and some marine sediments. The Bowen Basin is part of a connected group of Permo-Triassic basins in eastern Australia which includes the Sydney and Gunnedah Basins. The economic coal seams are contained in the Late Permian Rangal Coal Measures which are approximately 100m thick. The Rangal Coal Measures are underlain by the Fort Cooper Coal Measures and overlain by the Late Permian to Early Triassic Rewan Group.The Isaac River project area lies within the Permo-Triassic Bowen Basin. The Bowen Basin consists of 10 kilometre (km) thick sequences of volcanic, shallow marine and terrestrial sediments and is categorised back-arc to foreland basin.The general stratigraphy of the project area includes (oldest to youngest):-Coal seams occur within the Rangal Coal Measures and underlying Fort Cooper Coal Measures which are Late Permian in age. These seams dip to the east at approximately 7 - 25 degrees;-The coal seams of interest found within the Project area are as follows – Leichhardt and Vermont Upper;-Additional seams were intersected and in part analysed these were plies of the Vermont Lower and Girrah Seams.The target seams have a cumulative thickness ofapproximately 7 m across the deposit. The underlying additional Vermont plies and Girrah seams have and additional 12m cumulative thickness.The LHD target seam(s) extends approximately 1.8 km along strike and ranges from 300 to 600m across strike with an approximate average cumulative thickness of 4.4 m.The VU2 target seam(s) extends approximately 2.1 km along strike and ranges from 400 to 700m across strike with an approximate average cumulative thickness of 2.4 m.The depth of first coal ranges from between 25m in the south of the MDL, and 260m in the North at the hinge of the syncline.
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