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Page 1 OCR 0.914
www
OUARTERLY REPORT

Mm
WN antam £ PT ANTAM TBK
For the First Nine Month Ended September 30, 2023

ARBN - 087 423 998
Securities Ticker: ASX: ATM, IDX: ANTM

Pomalaa Ferronickel Plant Pongkor Gold Processing Plant Tayan Bauxite Mine

HIGHLIGHTS

For the first nine month period of 2023 (9M23), ANTAM's unaudited nickel ore production amounted
10.67 million wet metric ton (wmt), which was used as ore feed for ANTAM ferronickel plant as well as
being sold to domestic market. ANTAM' unaudited nickel ore sales in 9M23
reached at 9.41 million wmt.

ANTAM's booked unaudited ferronickel production volume in 9M23 at 15,787 ton nickel within
ferronickel (TNI), with unaudited ferronickel sales volume amounted to 14,132 TNi.

ANTAM record unaudited gold production figure in 9M23 reached of 908 kg (29,193 troy oz.), with
unaudited sales volume amounted to 19,460 kg (625,654 troy oz.). In 2023, ANTAM focus to develop the
domestic gold customer based.

In 9M23, ANTAM' unaudited bauxite production volume amounted 1.42 million wmt, which was used
as ore feed for alumina production and as well as being sold to the third party customer. Meanwhile, the
unaudited bauxite sales volume in 9M23 reached 989 thousand wmt.

ANTAM Recorded Corporate Credit Rating Improvement from “B#/outlook Positive”
to "BB-#/outlook Stable"

ANTAM Received 14 Good Mining Practice Awards 2023

FOR FURTHER INFORMATION PLEASE CONTACT:
Syarif Faisal Alkadrie

(Corporate Secretary)
Tel : (6221) 789 1234
Email : corsec@antam.com

Page 2 OCR 0.900
CORPORATE INFORMATION AS PER SEPTEMBER 30, 2023

Board of Commissioners

FX. Sutijastoto President Commissioner and Independent Commissioner
Gumilar Rusliwa Somantri Independent Commissioner

Anang Sri Kusuwardono Independent Commissioner

Bambang Sunarwibowo Commissioner

Dilo Seno Widagdo Commissioner

Board of Directors

Nicolas D. Kanter President Director

Hartono Director of Operations and Production

| Dewa Wirantaya Director of Business Development
Elisabeth RT Siahaan Director of Finance and Risk Management
Achmad Ardianto Director of Human Resources

Share Information

e  ANTAMS market capitalization as at September 30, 2023 was Rp43.62 trillion.

e ANTAM' share prices on the Indonesia Stock Exchange (IDX) hovered within the range of
Rp1,795-Rp2,370 per share during January-September 2023.

»  ANTAM's average share price on the IDX during 9M23 period was Rp2,025 per share.

e  ANTAM's average share price on the ASX during 9M23 period was AUD1.11 per CDI.

Top 10 Shareholders:

1. PT MINERAL INDUSTRI INDONESIA (PERSERO)

2. BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD BOARD-2039927326
3. DJS KETENAGAKERJAAN PROGRAM JHT

4. DJS KETENAGAKERJAAN PROGRAM JP

5. JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX FUND
6. JUNI SETIAWATI WONOWIDJOJO

7. JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
8. DJS KETENAGAKERJAAN PROGRAM JAMINAN KECELAKAAN KERJA

9. CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 1

10. CITIBANK SINGAPORE S/A GOVERNMENT OF SINGAPORE

Hi antam S
Page 3 OCR 0.882
PRODUCTION VOLUME (UNAUDITED)

3022 9M22 3023 9M23
Commodity Unit Jul- Sep) (Jan- Sep) Jul- Sep) (Jan- Sep)

2022 2022 2023 2023
Ferronickel TNI 6,106 18,088I 5,250| 15,787!
Nickel Ore Wmt 1,820,744| 6,215,269) 3,738,015) 10,673,359
(Gold Kg/t oz 294/9,452| 967/31,0901 315/10,128| 908/29,193
Silver Kg/t oz 2,147/69,028| 5,927/190,5571 2,374/76,326) 6,386/205,315|
Bauxite Wmt 461,131 1,341,749 566,450) 1,417,306)
Alumina Ton 41,982) 115,875) 36,928) 114,524
PRODUCTION AND SALES In accordance with ANTAM's commitment to

During the first nine month period of 2023
(January-September 2023,  9M23), ANTAM
continued to optimize the production and sales
performance of Company main commodity to
pursue the fulfilment of 2023 targets.

ANTAM continuously applies a business
innovation to enhance the product added value
and implements a proper policy in cost efficiency
management.

FERRONICKEL

In 9M23,  ANTAM's  unaudited  ferronickel
production volume reached 15,787 ton of nickel
in ferronickel (TNI), egual to 8796 from the first
nine month period of 2022 (January-September
2022, 9M22) unaudited production of 18,088 TNi.
During the third guarter of 2023 (July-September
2023, 3023) unaudited ferronickel production
reached 5,250 TNi, egual to 8696 from unaudited
ferronickel production in the third guarter of 2022
(July-September 2022, 3022).

ANTAM's ferronickel sales products are fully
absorbed by the export market. During 9M23,
ANTAM unaudited ferronickel sales volume reach
14132 TNi, egual to 8296 from unaudited
ferronickel sales in 9M22 of 17,269 TNi. In 3023,
unaudited ferronickel sales reached 3,526 TNi.

focus on completing the Company's strategic
projects in 2023, ANTAM has started the initial
stage of operation of the Haltim Ferronickel Plant,
which was marked by the burner-on or furnace
heating process on July 7, 2023. After the
burner-on process is conducted, the second
stage of the commissioning is the switch-on
furnace of the Haltim Ferronickel Plant was held
on July 19, 2023. The next stage is the first metal
tapping was held on September 12, 2023.

NICKEL ORE

During 9M23, ANTAM unaudited consolidated
nickel ore production volume are amounting to
10.67 million wet metric ton (wmt), increase 7245
from the 9M22 production of 6.22 million wmt.
ANTAM unaudited consolidated nickel ore
production volume in 3023 reached 3.74 million
wmt, increase 10596 compared to unaudited
consolidated nickel ore production volume in
3022 of 1.82 million wmt.

ANTAM unaudited consolidated nickel ore sales
volume in 9M23 reached 941 million wmt,
increase 9896  compared to unaudited
consolidated nickel ore sales volume in 9M22 of
475 million wmt. In 3023, ANTAM unaudited
consolidated nickel ore sales volume amounted
315 million wmt, increase 8496 compared to
unaudited consolidated nickel ore sales volume in

#fantam te)
Page 4 OCR 0.897
3022 of 1.71 million wmt.

The growth in nickel ore production is aimed at
meeting the increasing demand of the domestic
market, reflected from the positive growth of sales
in 9M23.

GOLD

In 9M23, ANTAM recorded unaudited gold
production volume of 908 kg (29.193 troy oz)
from the Companys gold  mines. The
achievement is inline with the gold production
target in 2023 of 1167 kg (37,519 troy oz).
Meanwhile, the gold sales volume within 9M23
reached 19,460 kg (625,654 troy oz).

In 3023, ANTAM unaudited gold production
volume reached 315 kg (10.128 troy oz), increase
746 compared to unaudited gold production in
3022 of 294 kg (9452 troy oz). Meanwhile,
ANTAM recorded unaudited gold sales volume in
3023 of 5,952kg (191,361 troy oz).

In 2023, ANTAM remains focus on domestic
customer base market development, which is line
with the increase in public awareness of investing
in gold and the growing demand for gold in the
domestic market.

Pursuant to the Companys aim to enhance
Logam Mulia gold product, during the 9M23

period, ANTAM through the Precious Metals
Processing and Refining Business Unit, launches
the gold thematic product of the Chinese New
Year 2023 AD/2574 Kongzili and Eid Al-Fitr
2023/1444 H. The gold three-dimensional (3D)
pattern was eguipped on the product design
which was marked as the first implemented 3D
gold design pattern in Indonesia. Meanwhile, as
an effort to innovate Logam Mulia gold product,
ANTAM launches latest series of thematic silver
and gold products named Indonesian Heritage.
The theme 'Indonesian Heritage' was chosen by
ANTAM to appreciate and honor the diversity of
cultural heritage, as well as to support the
unigueness of several strategic regions in
Indonesia.

ANTAM through the Precious Metals Processing
and Refinery Business Unit is the only gold
refining plant in Indonesia with "Good Delivery
List Refiner" accreditation from the London
Bullion Market Association (LBMA).

BAUXITE

In 9M23, ANTAM recorded unaudited bauxite ore
production volume, which was used as ore feed
for Tayan Chemical Alumina Grade (CGA) Plant
and as well as being sold to the third party
customer, amounted to 1.42 million wmt, increase
6x compared to unaudited bauxite ore
production in 9M22 of 1.34 million wmt. ANTAM

SALES VOLUME (UNAUDITED)

3022 9M22 3023 9M23
Commodity Unit Jul- Sep) (Jan- Sep) Jul- Sep) (Jan- Sep)

2022 2022 2023 2023
Ferronickel TNI 7,646) 17,269 3,526| 14,132)
Nickel Ore Wmt 1,713,835 4,752,141 3,153,789) 9,413,038)
(Gold Kg/toz 12,462/400,663| — 25,931/833,701 5,952/191,361|  19,460/625,654|
Silver Kg/toz 2,783/89475| 8,818/283,505) 2,623/84,331 2120/228,913|
Bauxite Wmt 274,252 935,518) 533,520) 988,513
Alumina Ton 40,279 114422) 36,244 108,351

#fantam te)
Page 5 OCR 0.927
unaudited bauxite ore production volume in
3023 reached 566 thousand wmt, increase 2396
compared to unaudited bauxite ore production
volume in 3022 of 461 thousand wmt.

ANTAM' unaudited bauxite ore sales volume in
9M23 reached 989 thousand wmt, increase 696
compared to unaudited bauxite ore sales volume
in 9M22 of 936 thousand wmt. Moreover,
unaudited bauxite ore sales volume in 3023
reached 534 thousand wmt, increased 9596
compared to unaudited bauxite ore sales volume
in 3022 of 274 thousand wmt. In 2023, the
Company will focus on development of bauxite
domestic sales market.

ALUMINA

In line with ANTAM strategy to optimize the
operations of Tayan CGA plant as well as
prioritizing the alumina marketing activity,
ANTAM through its subsidiary which operates the
Tayan CGA Plant, PT Indonesia Chemical Alumina,
during 9M23 was producing as much as 114,524
ton alumina (unaudited), egual to 9996 from
unaudited alumina production in 9M22 of 115,875
ton alumina. In 3023, unaudited alumina
production volume was recorded at 36,928 ton
alumina.

The 9M23 unaudited alumina sales volume
reached 108,351 ton alumina, egual to 9596 from
unaudited alumina sales in 9M22 of 114,422 ton
alumina. In 3023, unaudited alumina sales volume
was recorded at 36,244 ton alumina, egual to 9096
from unaudited alumina sales in 3022 of 40,279
ton alumina.

EXPLORATION ACTIVITIES

In 2023, ANTAM continued the exploration activi-
ties to ensure the Company sustainability with
focus on efforts to increase and obtain nickel,
gold, and bauxite reserves and resources. In 9M23,
ANTAM total unaudited preliminary expenditure
of Rp15871 billion.

GOLD

In 9M23, ANTAM conducted gold exploration
activities in Pongkor, West Java. In Pongkor,
ANTAM conducted underground drilling, surface
drilling and also mapping and soil sampling, scout
drilling.

NICKEL

Nickel exploration activities in 9M23, were
conducted in North Konawe and Pomalaa,
Southeast Sulawesi and also Tanjung Buli, North
Maluku. In North Konawe, ANTAM conducted
geological mapping, core sampling, core logging,
grid measurement & re-measurement, yardstick
installation and space drilling. In Pomalaa, ANTAM
conducted geological mapping, core sampling,
core logging, grid measurement &
re-measurement, yardstick installation and single
tube drilling.

Meanwhile in Tanjung Buli, ANTAM conducted
geological mapping, core sampling, core logging,
surface sampling, path measurement, yardstick
installation and single tube drilling.

BAUXITE

Bauxite exploration activities until September 30,
2023 were conducted in Tayan, Mempawah and
Landak, West Kalimantan. In the area, the
exploration activity were covering geological
mapping, grid/polygon measurement, geodetic
GPS measurement, test pit, logging test pit, test
pit sampling and rock measurement.

Hi antam S
Page 6 OCR 0.911
ANTAM EXPLORATION AREA IN 9M23

Nickel:
Tanjung Buli

Ta

Bauxi
Landak

Pongkor

Nickel:
Pomalaa |...

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based
on information compiled by Mr. Bronto Sutopo who is a Member of The Australasian Institute of Mining and
Metallurgy, Mr, Bronto Sutopo is a full-time employee of the company, Mr, Bronto Sutopo has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to gualify as a Competent Person as defined in the 2012 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', Mr. Bronto
Sutopo consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.

Ai-antam te)
Page 7 OCR 0.868
EXPLORATION AND EXPLOITATION AREAS (UNAUDITED)

The Company has exploration and exploitation areas covered by several mining business permit,
the details of each of the permit are displayed as follows:

Location

Exploration Mining Business
Permits (IUP)

Operation Production IUP (IUP-OP), Contract of
Work (CoW), Industrial Business Licence (IUI)
and Specific Mining Business Licence (IUP-OPK)
for Processing and Refinery:

ilik Perusahaan

Kab. Sarolangun (Batang Asai),
(Prov. Jambi"

SK Kepala BKPM RI
No. 164/I/IUP/PMDN/2020

Kab. Sarolangun dan Merangin
(NUP-VII), Prov. Jambi"

SK Kepala BKPM RI
No. 165//IUP/PMDN/2020

Kab. Sarolangun dan Merangin
(UP-VIII), Prov. Jambi"

SK Kepala BKPM RI
No. 166/1/IUP/PMDN/2020

(cibaliung, Kab. Pandeglang,
(Prov. Banten

SK Bupati Pandeglang No. 541.23/Kep.747-BPPT/2013

IUBPP Logam Mulia, Jakarta

IUP Operasi Produksi Khusus untuk Pengolahan dan
Pemurnian Mineral sesuai SK Menteri ESDM
No. 261.K/30/DJB/2011

Pongkor, Kab Bogor, Prov Jawa
Barat

SK BKPM RI No. 171/I/IUP/PMDN/2020 (98PPO138)

larinem (Ciarinem),
Papandayan, Kab. Garut,
Prov Jawa Barat

SK BKPM
No. 256/1/IUP/PMDN/2019

Mempawah Hulu, Landak,
Kalimantan Barat

SK Bupati Landak No. 544.11/330/HK-2014.

IToho, Mempawah, Pontianak,
Kalimantan Barat

SK Bupati Pontianak No. 221 Year 2009

IToho, Mempawah, Pontianak,
Kalimantan Barat

SK Gubernur Kalimantan Barat No. 444/Distamben/2015

(Tayan, Sanggau, Kalimantan
Barat

SK BKPM RI No. 241/1/1UP/PMDN/2021

ILasolo, Konawe Utara,
Sulawesi Tenggara

SK Bupati Konawe Utara No. 15 Year 2010

|Asera dan Molawe, Konawe
Utara, Sulawesi Tenggara

SK Bupati Konawe Utara No. 158 Year 2010

Pomalaa, Kolaka, Sulawesi
Itenggara

SK Kepala BKPM RI
No. 172//MUP/PMDN/2020

Ai-antam te)

Page 8 OCR 0.854
Location

Exploration Mining Business
Permits (IUP)

Operation Production IUP (IUP-OP), Contract of
Work (CoW), Industrial Business Licence (IUI)
and Specific Mining Business Licence (IUP-OPK)
for Processing and Refinery:

Milik Perusahaan (Lanjutan)

Batu Kilat, Kolaka, Sulawesi
ITenggara

SK Kepala BKPM RI
No. 175/INUP/PMDN/2020

Sitallo, Kolaka, Sulawesi
Ienggara

SK Kepala BKPM RI
No. 173/IMUP/PMDN/2020

IManiang, Kolaka, Sulawesi
(Tenggara

SK Kepala BKPM RI
No. 16/1/IUP/PMDN/2023

|Tambea, Kolaka, Sulawesi
Tenggara

SK Kepala BKPM RI
No. 174/I/MUP/PMDN/2020

Maba, Halmahera Timur,
Maluku Utara"

SK BKPM RI
No. 1103/1/IUP/PMDN/2022

Oksibil (Kentaurus), Kab.
Pegunungan Bintang dan
Boven Digoel, Prov. Papua"

SK BKPM RI No. 622/1/IUP/
PMDN/2021

(Oksibil (Polaris),
Kab. Pegunungan Bintang, Prov.
Papua"

SK BKPM RI No. 234/1/1UP/
PMDN/2020

(oksibil (Venus), Kab.
Pegunungan Bintang,
Prov. Papua"

SK BKPM RI No. 233/1/1UP/
PMDN/2020

(Oksibil (Orion), Kab.
Pegunungan Bintang,
Prov. Papua"

SK BKPM RI No. 357/1/1UP/
PMDN/2021

IMilik Entitas Anak Perusahaan

PT Citra Tobindo Sukses
Perkasa-Mandiangin,
Sarolangun, Jambi

SK DPMPTSP Jambi No. 185/KEP.KA.DPM-PTSP-6.1/
IUPOP/IX/2019

PT Borneo Edo Sejahtera -
'Sebadu, Mandor,
Kalimantan Barat

SK DPMPTSP No. 503/18/IUP-OP.P/DPMPTSP-C.I/2020

PT Borneo Edo International -
Menjalin, Landak,
Kalimantan Barat

SK DPMPTSP No. 503/16/IUP-OP.P/DPMPTSP-C.II/2019

PT Dwimitra Enggang
Khatulistiwa (PT DEK) Menjalin,
Landak, Kalimantan Barat”

Keputusan Menteri Investasi/ Kepala Badan Koordinasi
Penanaman Modal No. 1130/1/1UP/PMDN/2022 tentang
Persetujuan Pemberian IUP pada tahap kegiatan operasi
produksi untuk komoditas mineral logam kepada PT DEK

PT Mega Citra Utama- Meliau,
Sanggau, Kalimantan Barat

SK Gubernur Kalimantan Barat No. 503/16/IUP-OP.P/
DPMPTSP-C.11/2019

Ai-antam te)

Page 9 OCR 0.857
Location

Exploration Mining Business,
Permits (IUP)

Operation Production IUP (IUP-OP), Contract of
Work (CoW), Industrial Business Licence (IUI)
and Specific Mining Business Licence (IUP-OPK)
for Processing and Refinery:

Iilik Entitas Anak Perusahaan

(Lanjutan)

PT Gag Nikel - Pulau Gag, Raja

Contract of Work as of SK Menteri ESDM No. 430.K/30/

Ampat, Papua Barat DJB/2017

Y No.1104/1/IUP/PMDN/2022
Maluku Utara"
PT Nusa Karya Arindo - Maba, SK BKPM RI

Halmahera Timur, Maluku
taran

No.1105/1/IUP/PMDN/2022

PT Cibaliung Sumberdaya -
(cibaliung, Pandeglang
Banten”

Kep. Bupati Pandeglang No. 821.13/Kep.1351-BPPT/2014

PT Gunung Kendaik -
Mempawah Hulu dan Banyuke
Hulu, Kalimantan Barat"

SK Gubernur Kalimantan Barat 573/Distamben/2015

PT Indonesia Chemical
lalumina - Tayan Hilir,
(Sanggau, Kalimantan
Barat “ena

Izin Usaha Industri diterbitkan tanggal 28 Juli 2021

PT Emas Antam Indonesia -
IMandiodo, Konawe Utara,
Sulawesi Tenggara

IUP Operasi Produksi Khusus Pengolahan dan Pemurnian
sesuai SK Bupati Konawe Utara No. 87 Year 2011

IPT Emas Antam Indonesia -
IMandiodo, Konawe Utara,
(sulawesi Tenggara

IUP Operasi Produksi Khusus Pengangkutan dan
Penjualan sesuai SK Bupati Konawe Utara No. 88 Year
2011

PT Feni Haltim - Buli, Maba,
Maluku Utara

Izin Usaha Jasa Pertambangan sesuai SK Menteri
Investasi/Kepala BKPM No. 33/1/IUJP-PB/PMDN/2022

Notes
Is)
-

Suspension extension process status.

) Part of IUPs has been transferred to subsidiary PT SDA dan PT NKA.
IUPS are revoked and the Company is currently in objection process.
The perrnit has been upgraded to IUP Operasi Produksi (IUP OP)
Resulted from partial transfer of IUP Maba, East Halmahera, North Maluku.

Previously IUP OP Khusus based on Decision Letter of MOEMR No. 668.K/30/DJB/2012 valid until 20 June 2032

Aihantam te)

Page 10 OCR 0.929
CORPORATE NEWS

ANTAM DISTRIBUTES CASH DIVIDEND TO
SHAREHOLDERS OF RP1.91 TRILLION

In July 14, 2023, ANTAM has distributed the cash
dividends for the Financial Year 2022 to
shareholders. Previously, the shareholders
approved the cash dividend distribution at the
Annual General Meeting of Shareholders Financial
Year 2022, which was held on June 15, 2023.

ANTAM distributed the cash dividends to
shareholders amounted to Rp1.91 trillion or 5096
of the net profit for the Financial Year of 2022,
attributable to the Owner of the Holding of the
Company, with the dividend per share of
Rp79.50160 or eguivalent to Rp397.508 per CHESS
Depository Interest (CDI) to shareholders on the
Australian Securities Exchange (ASX).

CONSISTENT IN IMPLEMENTING ESG, ANTAM
REMAINS PART OF THE SRI-KEHATI INDEX, ESG
SECTOR LEADERS IDX KEHATI INDEX, AND ESG
@UALITY 45 IDX KEHATI INDEX

In July 14, 2023, ANTAM announce that the
Company has been part of SRI-KEHATI Index, ESG
Sector Leaders IDX KEHATI Index and ESG Ouality
45 IDX KEHATI Index in Indonesia Stock Exchange
(IDX) for a trading period of June until November
2023. The inclusion of ANTAM shares in the index
is an appreciation of ANTAM's commitment to the
Environment, Social, and Governance (ESG)
implementation in all aspects of the Companys
operations.

The inclusion of ANTAMS share at the SRHKEHATI
Index, ESG Sector Leaders IDX KEHATI Index, and
ESG Ovality 45 IDX KEHATI Index reflects that the
Company is committed to sustainably managing
its operating, environmental, and — social
performance based on the principles of Good
Corporate Governance. These efforts are made
consistently through various programs to support
the Company's sustainable operations.

ANTAM LAUNCHES NEW SILVER AND GOLD
COLLECTION: THE ENCHANTING CULTURAL
HERITAGE OF INDONESIA

In July 24, 2023, ANTAM through the Precious
Metal Processing and Refinery Business Unit
introduced the latest series of thematic silver and
gold products named Indonesian Heritage. For
first time ANTAM produces 6 premium Silver Bar
designs with a weight of 1 Toz or 31.103 grams.
Meanwhile, the Gold Gift Series will be released in
4 designs with a weight of 0.5 grams. The theme
“Indonesian Heritage" was chosen by ANTAM to
appreciate and honor the diversity of cultural
heritage, as well as to support the unigueness of
several strategic regions in Indonesia.

The Indonesian Heritage Silver Bar measures 42.5
mm x 25.5 mm and features 6 landmark designs
of Indonesia's strategic cities namely: (1) National
Monument from DKI Jakarta: (2) Barong from Bali:
(3) Sura & Baya Statue from Surabaya: (4) Gedung
Sate from Bandung: (5) Ampera Bridge from
Palembang: and (6) Pinisi Ship to represent
Makassar City.

Indonesian Heritage Silver Bars are made using
modern technology at 1 Toz or 31.103 grams. The
silver products use security features in the form of
microtext written "2023" on the pattern, rainbow
effect, latent image, and OR code. Gift Series gold
products are also eguipped with microtext,
invisible ink, and OR code.

ANTAM RECEIVES ALPHA SOUTHEAST ASIA
AWARD 2023

In September 7, 2023, announce that the
Company has received award from Alpha
Southeast Asia at the 13th Institutional Investor
Corporate Awards 2023.

ANTAM won 3 (three) award categories, namely
Ist ranking of Best Senior Management IR

Support, 3rd ranking of Most Organized Investor
Relations and 4th ranking of Strongest Adherence

#fantam te)

10
Page 11 OCR 0.913
to Corporate Governance. In the same event,
ANTAM's Director of Finance and Risk
Management, Mrs. Elisabeth RT Siahaan was
awarded the Best CFO in Indonesia.

ANTAM EAST HALMAHERA FERRONICKEL
PLANT DEVELOPMENT PROJECT (P3FH)
ENTERS THE FIRST METAL TAPPING STAGE

In September 12, 2023, announced that the
Company has carried out first metal tapping of
the East Halmahera Ferronickel Plant. The first
metal tapping process is a part of the
commissioning process for the East Halmahera
Ferronickel Plant and a continuation of the Electric
Smelting Furnace (ESF) switch-on stage, which
was previously held on July 19, 2023. During the
commissioning process, ANTAM ensures the
stability and safety of the plant operations.

ANTAM RECORDED CORPORATE CREDIT
RATING IMPROVEMENT TO BB-/OUTLOOK
STABLE IN 2023

In September 26, 2023, announce the
improvement of S&P Global corporate credit
rating in 2023 from "B#/outlook Positive” to
"BB-#/outlook Stable.” This rating Improvement
reflects the Company's business prospects
advancement, especially through the nickel
downstream development  initiative — for
Indonesia's Electric Vehicle Battery (EV Battery)
industry chain and the Company's gold
commodity business.

The EV Battery industry chain development
managed by ANTAM is one of the National
Strategic Projects that will strengthen Indonesia's
global position in the EV Battery industry chain. In
addition, ANTAM's credit profile growth is in line
with sufficient and solid of the Company's
liguidity management amidst the challenges of
global commodity prices.

As reported, S&P believes that the Government
will continue to provide full support to ANTAM

through MIND ID. This is in line with the
Government's aspiration to manage and
consolidate strategic mining assets through MIND
ID, which aims to manage interests in the
domestic mining industry, especially concerning
natural resource strategy for the national/state.

ANTAM RECEIVED 14 GOOD MINING PRACTICE
AWARDS 2023

In September 29, 2023, announced received Good
Mining Practice Award 2023 initiated by the
Ministry of Energy and Mineral Resources (MEMR)
of the Republic of Indonesia. The award was held
in commemoration of the 78th Mining and
Energy Anniversary.

In this award, ANTAM received 14 awards in the
form of 1 Trophy, 1 "Aditama" rating, 2 "Utama"

ratings, and 10 “Pratama” ratings for its
commitment to implementing good mining
activities through its Business Units and
Subsidiary.

He

Hi antam S

11

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Size4.88 MB
Published30 Oct 2023
Pages11
Characters23,652
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