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No. JRAP/SKLR/CSD/2023/XII/221 Jakarta, 18 Desember 2022 Lampiran: Materi Public Expose Kepada Yth. PT Bursa Efek Indonesia Gedung Bursa Efek Indonesia Tower I Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Up : Direktur Pencatatan Perusahaan Perihal : Penyampaian Materi Public Expose PT J Resources Asia Pasifik Tbk (“Perseroan”) Dengan hormat, Kami merujuk pada surat kami No. JRAP/SKLR/CSD/2023/XII/218 tertanggal 7 Desember 2023 tentang Public Expose PT J Resources Asia Pasifik Tbk, bersama ini kami sampaikan materi Public Expose Perseroan sebagaimana terlampir, yang akan diadakan pada tanggal 21 Desember 2023. Demikian kami sampaikan. Atas perhatiannya kami ucapkan terima kasih. Hormat kami, PT J Resources Asia Pasifik Tbk Tembusan: Kepala Divisi Pencatatan Perusahaan Group I (dengan Lampiran)
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PUBLIC EXPOSE
PT J RESOURCES ASIA PASIFIK TBK
Tahun 2023
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PUBLIC EXPOSE 2023
• Resources & Reserves
• Operations
• Project Development
• Financials
• Awards
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Section 1 Resources & Reserves
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Resources & Reserves Growth
Resource-to-Reserve Ratio (%)
15% 29% 25% 32% 38% 33% 48% 49% 45% 48% 48% 46% 46%
6.768 6.856 6.506 6.516
6.443 6.435
6.050
5.537
(Koz) 4.765
3.739 3.753
3.199 3.088 2.920 3.292 3.068 3.109 3.112 3.023 2.928
1.815 1.842
893 929 1.204
493
Jun-11 Dec-11 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Mineral Resource Mineral Reserve
Since 2011, Resources have doubled and
Reserves increased by 6 folds with a
consistent annual RR growth.
Almost 1.9 Moz gold dore produced since
2011
All RR and production increment come from
organic growths.
The Company is continuing to maintain a
sizeable resources and reserves to stay in
production for the next 15 years.
Current production is expected from Bakan
and Doup
Source: Company information 3
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Bakan Resource-Reserve-Production Reconciliation
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Discovery Cost
FORECAST
$45/oz Au
Sources:
J Resources Company Information
MinEx Consulting estimates June 2022,
based on data from S&P (for 1997-2021)
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Section 2 Operations
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2023 Production Growth
Production performance has started to ramp up around beginning of Q3 2023, which is
shown in the comparation figures below. Cumulated production in 2023 has grown
significantly compared to 2022 and is expected to grow more than 160% by end of 2023.
Production (in oz) 2022 vs 2023
90.000 83.604
80.000
70.000
60.000
50.150
50.000 55.836
40.000 43.037
30.468
30.000
26.974
20.000 15.497
16.359
10.000
-
Q1 up to Q2 up to Q3 Full Year *
Cumm. Production 2022 Cumm. Production 2023
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Section 3 Project Development
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Doup Project Progress Updates
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Doup Project Progress Updates
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Doup Project Progress Updates
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Doup Project Progress Updates
Primary Crusher Area
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Doup Project Progress Updates
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Doup Project Progress Updates
CIL Tank Area
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Doup Project Progress Updates
Milling Area
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Doup Project Progress Updates
Camp
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Doup Project Progress Updates
Camp
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Doup Project Progress Updates
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Doup Project Progress Updates
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Doup Project Progress Updates
Temporary Workshop
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Doup Project Progress Updates
Portable Crusher
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Section 4 Financials
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IDR Bond Outstanding & Amortization
In 2023 the Company has fulfilled its commitment to Bondholders as show in table
below:
Description Outstanding Dec 2022 Re-payment 2023 Outstanding end of 2023
PUB III 569.650.000.000 71.206.250.000 498.443.750.000
PUB IV 225.000.000.000 28.125.000.000 196.875.000.000
PUB V (Seri B) 315.000.000.000 39.375.000.000 275.625.000.000
PUB VI (Seri B) 163.090.000.000 20.386.250.000 142.703.750.000
Total 1.272.740.000.000 159.092.500.000 1.113.647.500.000
Total repayment or IDR Bond amortized in 2023 is IDR 159 billion or 12.5% from the
outstanding as of 31 December 2022.
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Bakan
In March 2023, Bakan has obtained a 5-year term loan from Bank J Trust to support
its capex needs for new pit expansion
Pits from both new Tapagale and existing Mainridge will sustain Bakan’s LOM for
another 5 years
Tapagale has higher ore grade, which improves Bakan’s overall cash cost
Expansion of Tapagale has been completed in the second half of 2023 and it has
started contributing to Bakan’s production ramp up:
Production Q1 Q2 Q3 Q4
(in koz) Actual Actual Actual *exclude Dec
JRBM 13,268 13,887 18,985 32,435
With this ramp up progress, Bakan is confident to reach 85koz for 2023 total
production
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Section 5 Awards
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Awards
Penghargaan Subroto 2023
Bidang Pengembangan dan Pemberdayaan Masyarakat (PPM) Mineral Terinovatif
(JRBM)
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Awards
ICMC Penghargaan UTAMA Penghargaan PRATAMA
JRBM 2023 Pengelolaan Lingkungan Pengelolaan Keselamatan
Hidup Pertambangan Pertambangan Mineral Dan
Mineral Dan Batubara Batubara
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Awards
Tamasya Award 2023 Dalam Kinerja Pengembangan Pemberdayaan Masyarakat Kategori
Implementasi Bidang Pendidikan (ASA)
Pengembangan Kapasitas Untuk Mendukung Kesiapan Tenaga Kerja
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Awards
Tamasya Award 2023 Dalam Kinerja Pengembangan Pemberdayaan Masyarakat Kategori
Implementasi Bidang Pendidikan (JRBM)
Pengembangan Program Vocational Internship Bagi Masyarakat Lingkar Tambang
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Thank You PT J Resources Asia Pasifik Tbk Equity Tower, 48th Floor Sudirman Central Business District, Lot.9 Jl. Jenderal Sudirman, Kav 52-53 Jakarta Selatan T +6221-515 3335 F +6221-515 3579 www.jresources.com
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