Skip to content
Back to announcement

20240110_MDKA_Laporan Bulanan Aktivitas Eksplorasi_31567158_lamp2.pdf

Other Text extracted MDKA

Source file signed link, expires in 15 minutes

This browser can't display the PDF inline. Open it in a new tab.

Extracted text 14

Page 1
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


10th January 2024

                   Exploration Report for period ending 31 December 2023

Activities Summary

PT Merdeka Copper Gold Tbk (IDX: MDKA) (“Merdeka” or the “Company”) continued its
exploration activities during the quarter ending 31 December 2023 (“Q4”) across three locations
in Indonesia (Tujuh Bukit in East Java, Wetar Island in Southwest Maluku and Pani in Gorontalo),
as shown in Figure 1 below.

At Tujuh Bukit, our primary focus lies on copper-gold and gold-silver resources, while at Wetar,
our focus is on copper resources, and at Pani, our focus is gold resources.

The total spending on exploration by Merdeka in Q4 is approximately IDR350.8 billion (equivalent
to approximately US$22.6 million).




                                      Figure 1: Merdeka Exploration Project Locations




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                  Page 1 of 14
Page 2
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


Copper and Gold: Tujuh Bukit Project

    A. Expenditure:

           The total exploration expenditure in Q4 is IDR206.6 billion (equivalent to approximately
           US$13.3 million) consisting of decline maintenance, underground resource definition
           drilling and associated test work.

     B. Area:

           Tujuh Bukit copper and gold resource, Banyuwangi, East Java.

     C. Exploration Party:

           All work was completed through a contracting agreement between Merdeka and PT
           Merdeka Mining Servis.

     D. Assessment Method:

           Drilling from underground and surface with associated test work.

     E. Election of Assessment Area:

           The selected area for the current drilling program is an area of the Tujuh Bukit porphyry
           deposit that contains the largest zone of high-grade drilling results for copper and gold to
           date and is well positioned for drilling from the current decline location.

     F. Results of Exploration:

           Seven underground drill rigs conducted resource definition drilling totalling 7,228.8 metres
           as shown in Table 1.

     G. Action Plan:

           With the completion of the current underground drilling program, all underground rigs will
           be stood down and demobilised. Further drilling will be conducted using surface drill rigs.




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                    Page 2 of 14
Page 3
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


                                        Table 1: Tujuh Bukit Project drilling statistics for Q4

                          Hole_ID   From (m)                              To (m) Interval (m) Comments
                       UHGZ-23-138W   785.8                                952.9    167.1        UG
                        UHGZ-23-141   942.6                                942.6       0         UG
                        UHGZ-23-142   575.4                               1,096.7   521.3        UG
                       UHGZ-23-143A     0                                  885.3    885.3        UG
                       UHGZ-23-143W   411.8                                411.8       0         UG
                        UHGZ-23-144   592.5                                832.2    239.7        UG
                        UHGZ-23-145    455                                 462.6      7.6        UG
                       UHGZ-23-145W   457.5                                470.4     12.9        UG
                        UHGZ-23-146     0                                 1,067.1  1,067.1       UG
                        UHGZ-23-147     0                                  241.8    241.8        UG
                        UHGZ-23-148     0                                 1,089.3  1,089.3       UG
                        UHGZ-23-149     0                                  691.4    691.4        UG
                        UHGZ-23-150     0                                  931.3    931.3        UG
                        UHGZ-23-151     0                                 1,005.5  1,005.5       UG
                        UHGZ-23-152     0                                   874      874         UG
                        UHGZ-23-153     0                                   794      794         UG
                        UHGZ-23-154     0                                  569.5    569.5        UG
                        UHGZ-23-155     0                                   10.2     10.2        UG
                        UHGZ-23-156     0                                  487.4    487.4        UG
                        UHGZ-23-157     0                                   6.3       6.3        UG
                        UHGZ-23-158     0                                  135.5    135.5        UG
                        UHGZ-23-159     0                                  180.6    180.6        UG




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                                   Page 3 of 14
Page 4
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com




                             Figure 2: Tujuh Bukit Project, underground drill holes for Q4

Gold and Silver: Tujuh Bukit Project

    A. Expenditure:

           The total exploration expenditure in Q4 is IDR26.6 billion (equivalent to approximately
           US$1.7 million) consisting of life of mine resource definition drilling and regional
           exploration work.

     B. Area:

           Tujuh Bukit gold and silver project, Banyuwangi, East Java.

     C. Exploration Party:

           All work was completed through a contracting agreement between Merdeka and PT
           Merdeka Mining Servis.

     D. Assessment Method:

           Drilling from surface, regional mapping, sampling and geophysical surveys.
PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                       Page 4 of 14
Page 5
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


     E. Election of Assessment Area:

           The areas were selected for the life of mine drilling programs and for the regional work as
           they are near the current pits and with anomalous geochemical results.

     F. Results of Exploration:

           Two Reverse Circulation (RC) rigs and 15 Diamond Drill (DD) rigs conducted drilling
           totalling 23,336 metres.

     G. Action Plan:

           Life of Mine and regional exploration drilling will continue using six DD rigs and two RC
           rigs for resource definition, sterilisation and exploration.

                             Table 2: Tujuh Bukit surface drilling project statistics for Q4

                                                From
                    Hole_ID                                        To (m)   Interval (m)   Comments
                                                 (m)
                CND-23-012                        0                 437.7      437.7        Surface
                CND-23-016                        0                 298.5      298.5        Surface
                CND-23-018                        0                 355.1      355.1        Surface
                CND-23-019                        0                 290.3      290.3        Surface
                CND-23-013                        0                  302        302         Surface
                CND-23-014                        0                  350        350         Surface
                CND-23-015                        0                 350.3      350.3        Surface
                CND-23-017                        0                  300        300         Surface
                GTD-23-764                      330.7               365.2       34.5        Surface
                GTD-23-766                      404.7               404.7        0          Surface
                GTD-23-768                      214.8               285.3       70.5        Surface
                GTD-23-775                        0                  383        383         Surface
                GTD-23-784                        0                 275.4      275.4        Surface
                GTD-23-787                        0                  338        338         Surface
                GTD-23-790                        0                 280.2      280.2        Surface
                GTR-23-674                        0                  198        198         Surface
                GTR-23-674A                       0                  390        390         Surface
                GTR-23-689                        0                  320        320         Surface
                GTR-23-700                        0                  342        342         Surface
                GTR-23-701                        0                  300        300         Surface
                GTR-23-702                        0                  288        288         Surface
                GTR-23-703                        0                  420        420         Surface
                GTR-23-704                        0                  370        370         Surface
PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                                Page 5 of 14
Page 6
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


                GTR-23-705                        0                  234     234    Surface
                GTR-23-708                        0                  400     400    Surface
                GTH-23-347                        0                   28      28    Surface
                GTH-23-348                        0                  33.1    33.1   Surface
                GTH-23-349                        0                   21      21    Surface
                GTH-23-350                        0                   25      25    Surface
                GTH-23-351                        0                  45.6    45.6   Surface
                GTH-23-352                       19.6                19.6     0     Surface
                GTH-23-355                        0                  19.9    19.9   Surface
                GTH-23-357                       23.2                23.2     0     Surface
                GTH-23-359                        0                  53.6    53.6   Surface
                MBH-23-059                       221                362.8   141.8   Surface
                GTH-23-360                        0                   60      60    Surface
                GTH-23-361                        0                   61      61    Surface
                GTH-23-363                        0                   60      60    Surface
                GTH-23-364                        0                   60      60    Surface
                GTH-23-365                        0                   60      60    Surface
                GTH-23-369                        0                  24.2    24.2   Surface
                GTD-23-765                      351.3               351.3     0     Surface
                GTR-23-681                       383                 383      0     Surface
                GTR-23-683                        0                  380     380    Surface
                GTR-23-684                        0                  350     350    Surface
                GTR-23-685                        0                  350     350    Surface
                GTR-23-686                        0                  444     444    Surface
                GTR-23-687                        0                  420     420    Surface
                GTR-23-688                        0                  276     276    Surface
                GTR-23-690                        0                   12      12    Surface
                GTR-23-690A                       0                  168     168    Surface
                GTR-23-691                        0                  222     222    Surface
                GTR-23-692                        0                  220     220    Surface
                GTR-23-693                        0                  198     198    Surface
                GTR-23-694                        0                  270     270    Surface
                GTR-23-695                        0                  300     300    Surface
                GTR-23-696                        0                  250     250    Surface
                GTR-23-697                        0                  380     380    Surface
                GTR-23-698                        0                  258     258    Surface
                GTR-23-699                        0                  180     180    Surface
                LMD-23-001                       25.1               644.8   619.7   Surface
PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                        Page 6 of 14
Page 7
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


                 LMD-23-002                      33.5               152.6   119.1   Surface
                 LMD-23-003                       0                 105.7   105.7   Surface
                 LMD-23-004                       0                 507.2   507.2   Surface
                 LMD-23-005                       0                 311.7   311.7   Surface
                 LMD-23-006                       0                 306.6   306.6   Surface
                 LMD-23-007                       0                 276.4   276.4   Surface
                 GTD-23-770                      97.3               535.5   438.2   Surface
                 GTD-23-771                       0                 307.3   307.3   Surface
                 GTD-23-772                       0                 443.4   443.4   Surface
                 GTD-23-773                       0                 400.4   400.4   Surface
                 GTD-23-774                       0                 456.9   456.9   Surface
                 GTD-23-776                       0                 284.3   284.3   Surface
                 GTD-23-777                       0                 325.5   325.5   Surface
                 GTD-23-778                       0                 500.3   500.3   Surface
                 GTD-23-779                       0                 396.2   396.2   Surface
                 GTD-23-780                       0                 613.7   613.7   Surface
                 GTD-23-781                       0                  415     415    Surface
                 GTD-23-782                       0                 506.1   506.1   Surface
                 GTD-23-783                       0                 401.5   401.5   Surface
                 GTD-23-785                       0                 246.9   246.9   Surface
                 GTD-23-786                       0                 378.5   378.5   Surface
                 GTD-23-788                       0                 447.1   447.1   Surface
                 GTD-23-789                       0                 508.2   508.2   Surface
                 GTD-23-791                       0                 221.4   221.4   Surface
                 GTD-23-792                       0                 161.8   161.8   Surface
                 GTR-23-706                       0                  234     234    Surface
                 GTR-23-707                       0                  366     366    Surface
                 GTR-23-709                       0                  162     162    Surface
                 MBH-23-058                     809.9               986.1   176.2   Surface




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                        Page 7 of 14
Page 8
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com




                                          Figure 3: Tujuh Bukit surface drilling for Q4

Copper: Wetar Copper Mine

    A. Expenditure:

          Total estimated exploration expenditure in Q4 is IDR28 billion (equivalent to approximately
          US$1.8 million).

     B. Area:

           Wetar Copper Mine, Wetar Island, West Maluku

     C. Exploration Party:

           All work was completed through a contracting agreement between Merdeka and PT
           Merdeka Mining Servis.

     D. Assessment Method:

           Geological interpretation, geochemical surveys, geophysical surveys and drilling.
PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                    Page 8 of 14
Page 9
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


     E. Election of Assessment Area:

           The exploration areas were selected from the previous significant drill intersections,
           ground and airborne electromagnetic (EM) geophysical surveys and historical mining
           activity which identified features with potential for VMS deposits.

     F. Results of Exploration:

           Two drill rigs operated during the quarter with 39 drill holes completed for a total drilled
           metreage of 3,383.9 metres in Partolang.

     G. Action Plan:

           Three DD rigs will commence a regional drilling program at Kali Kuning West and South
           and Karkopang in mid Q1 2024.

                                              Table 3: Wetar drilling statistics for Q4


                          Holes
  Drill Type                                    Metres Drilled                 HoleID                 Details
                        Completed


      DD
                                 3                     209.90             PTDR0150-PTDR0152   AIM sterilisation drilling
   Partolang

      RC                                                                                          Resource and
                                36                      3,174             PTRR0457-PTRR0492
   Partolang                                                                                    sterilization drilling
    Totals                      39                   3,383.90




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                                Page 9 of 14
Page 10
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com




                           Figure 4: Drilling status for DD & RC holes in Partolang for Q4

Gold: Pani Gold Project

     A. Expenditure:

           Total estimated exploration expenditure in Q4 is IDR89.6 billion (equivalent to
           approximately US$5.8 million).

     B. Area:

           Pani Gold Project, Gorontalo Province, Sulawesi.

     C. Exploration Party:

           All work was completed through a contracting agreement between Merdeka and PT
           Merdeka Mining Servis.

     D. Assessment Method:


PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                       Page 10 of 14
Page 11
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


           Diamond drilling, relogging historical drill core, geological mapping and alteration mineral
           analysis by LIBS and XRF.

    E. Election of Assessment Area:

           The areas selected for drilling were chosen to upgrade and infill the mineral resource and
           to sterilise areas for infrastructure.

     F. Results of Exploration:

           136 drill holes were completed for total of 15,210.1 metres during Q4, for resource
           definition, metallurgy and sterilisation drilling programs.

     G. Action Plan:

           The diamond drilling program will continue using 6 diamond drill rigs for resource definition
           and geotechnical drilling programs.

                                         Table 4: Pani project drilling statistics for Q4

  Campaign                 Holes                  Metres Drilled
                                                                                Hole_ID              Details
                         Completed                     (m)
 GSM
                                  7                       466.0           GSDG0003 - GSDG0009   Geotech Drilling
 Geotech
 PBT                                                                           PBDG0008 -
                                  8                       445.8                                 Geotech Drilling
 Geotech                                                                      PBDG0014RD
 PETS
                                 13                     1,397.5           PEDG0011 - PEDG0024   Geotech Drilling
 Geotech
 PETS                                                                                           Metallurgy
                                  5                         795           PEDM0014 - PEDM0018
 Metallurgy                                                                                     Drilling
 PETS
                                                                             PEDR0267RD -
 Resource                       103                    12,105.8                                 ResDef Drilling
                                                                               PEDR0388
 Definition
 Totals                         136                    15,210.1




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                                 Page 11 of 14
Page 12
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com




Figure 5. Pani Gold Project Proposed and Completed Drill Holes Overlain on Topography for Q4




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                          Page 12 of 14
Page 13
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


For further information please contact:
Investor Relations
Treasury Tower 67 – 68th Floor
District 8 SCBD Lot. 28
Jalan Jenderal Sudirman Kav. 52–53
South Jakarta 12190, Indonesia
T: +62 21 3952 5580
E: investor.relations@merdekacoppergold.com


ABOUT PT MERDEKA COPPER GOLD TBK.
PT Merdeka Copper Gold Tbk (IDX: MDKA) (“Merdeka” or the “Company”) is a world-class
Indonesian mining company engaging in mining and processing activities across gold, silver,
copper and nickel.

Merdeka’s major assets are the: (i) Pani Gold Project; (ii) Tujuh Bukit Copper Project; (iii) PT
Merdeka Battery Materials Tbk (IDX: MBMA); (iv) Tujuh Bukit Gold Mine; and (v) Wetar
Copper/Pyrite Mine.

The Pani Gold Project is a significant growth project, containing approximately 6.6 million ounces
of gold and is expected to become a long-life and low-cost gold mine with the potential to produce
a significant amount of gold. Merdeka has already completed substantial investment and
development work on-site including resource drilling, mining fleet purchases and site
infrastructure development. Gold production is expected to commence by the end of 2025 and
ultimate production is planned to be in excess of 450,000 ounces of gold per annum, making it
Indonesia’s largest and one of Asia Pacific’s largest gold mines.

The Tujuh Bukit Copper Project deposit is one of the world’s top ranked undeveloped copper and
gold mineral resources, containing approximately 8.1 million tonnes of copper and 27.4 million
ounces of gold.

MBMA’s portfolio includes one of the world’s largest nickel resources containing approximately
13.8 million tonnes of nickel and 1.0 million tonnes of cobalt, three operating RKEF smelters with
a total nameplate capacity of 88,000 tonnes of nickel in NPI per annum, a high-grade nickel matte
conversion facility located within IMIP with an average annual production of 50,000 tonnes of
nickel in nickel matte, the Acid Iron Metal (“AIM”) Project which will produce acid and steam for
use in high pressure acid leach (“HPAL”) plants, in addition to producing other metals such as
copper, gold and iron. MBMA is also developing substantial HPAL processing capabilities across
multiple joint ventures at the Indonesia Konawe Industrial Park (“IKIP”) and IMIP.

Merdeka is owned by prominent Indonesian shareholders, among others: PT Provident Capital
Indonesia, PT Saratoga Investama Sedaya Tbk, and Mr Garibaldi Thohir who have exceptional

PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                Page 13 of 14
Page 14
PT Merdeka PT      Merdeka
               Copper   GoldCopper
                               Tbk Gold Tbk
Treasury TowerTreasury  Tower
                   67 – 68       Lantai
                           th Floor,    67 – 68,
                                     District    District
                                              8 SCBD  Lot828
                                                           SCBD Lot 28
              Jl. Jend
Jl. Jend Sudirman      Sudirman
                     Kav           Kav 52-53,Kebayoran
                         52-53, Senayan,       Senayan, Kebayoran
                                                          Baru     Baru
South JakartaJakarta
                 12190,Selatan  12190,Indonesia
                         DKI Jakarta,   DKI Jakarta, Indonesia
              Phone: +62 21 3952 5580
Phone: +62 21 3952 5580
              Fax: +62 21 3952 5589
Fax: +62 21 3952     5589
              www.merdekacoppergold.com
www.merdekacoppergold.com


track records in successfully identifying, building and operating multiple publicly listed companies
in Indonesia.




PT Merdeka Copper Gold Tbk (IDX: MDKA)                                                 Page 14 of 14

File

File Open PDF
Source IDX
Size1.63 MB
Published10 Jan 2024
Pages14
Characters37,555
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 0 people and organisations named in the text · linked when the evidence is strong

The name pass has not read this document yet.

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

↑↓ select ↵ open ⇧↵ see every result