20240305_ANTM_Laporan Informasi dan Fakta Material_31593376_lamp2.pdf

3UMN Masi Oo

PRESS RELEASE
PT ANTAM Tbk

For immediate release

ANTAM Target to Optimize the Production and Sales Performance of the
Company's Main Commodity by 2024

Jakarta, March 5, 2024 - PT Aneka Tambang Tbk (ANTAM: IDX: ANTM: ASX: ATM) member of
PT Mineral Industri Indonesia (Persero) (MIND ID) - the State-Owned Enterprise Holding of
Mining Industry, is pleased to announce that the Company is committed to optimizing of
production and sales performance of the Company's main commodity in 2024. ANTAM
consistently implements strategic policies in proper and efficient cost management to
maximize the performance of nickel, gold, and bauxite commodities.

In 2024, ANTAM targeted a total volume of ferronickel production and sales of 22,464 ton nickel
within ferronickel (TNI), 596 growth compared to unaudited ferronickel production in 2023 of
21,473 TNi and 1296 growth compared to unaudited ferronickel sales in 2023 of 20,138 TNi. The
ferronickel production and sales target set by the Company also considers the outlook of
ferronickel product absorption in the global market, market conditions, and optimum
Utilization rate and operational stability of ANTAM ferronickel plant in Kolaka, Southeast
Sulawesi.

Meanmhile, on the nickel ore commodity, ANTAM targeted a total volume of consolidated
nickel ore production in 2024, which is used as ANTAM ferronickel plant feed ore material as
well as being sold to domestic market customers amounting, to 20.58 million wet metric tons
(wmt), 5396 growth compared to unaudited nickel ore production in 2023 of 13.45 million wmt.
Moreover, ANTAM's nickel ore sales target for 2024 amounting to 18.75 million wmt or
increased to 6096 from the unaudited nickel ore sales in 2023 of 11.71 million wmt. The nickel
ore sales target is in line with the positive outlook of the national nickel downstream industry.

For gold commodity, the Company targets total gold production in 2024 of 958 kg (30,800 troy
oz) from the Company's gold mines. Meanwhile, ANTAM targets total gold sales in 2024 of
37,354 kg (1,200,959 troy oz), increased by 4396 from the unaudited gold sales in 2023 of 26,129
kg (840,067 troy oz). To achieve the target, the Company will continuously innovate its precious
metal products and focus on developing its customer base in the domestic market, in line with the
increasing public awareness of investing in gold as a safe haven instrument.

In 2024, the production target of bauxite ore amounted to 3.47 million wmt. ANTAM produces
the bauxite ore as ore feed for the Company's Chemical Grade Alumina (CGA) plant and sales
projection of bauxite ore to third-party customers. The production target grew by 7296
compared to unaudited bauxite ore production of 2.01 million wmt in 2023. In relation to
bauxite ore sales, ANTAM targeted a total of 3.05 million wmt, increase of 10396 compared to
bauxite ore sales in 2023 of 1.50 million wmt. Along with the bauxite ore export ban in 2023, the
Company focuses on developing bauxite ore sales in the domestic market.

For further information please contact

Syarif Faisal Alkadrie

Corporate Secretary

Tel: (6221) 789 1234

Fax: (6221) 789 1224

E-mail: corsec@antam.com

www.antam.com Herantamtok IE c0ffcialantam MW cOffcialAntam (CJ Official ANTAM Officialantam