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No. 101/GEMS-CS/X/2023                                                                     Jakarta, 10 Oktober/October 2023

Kepada Yth.:
Direksi PT Bursa Efek Indonesia
Gedung Bursa Efek Indonesia Tower I
Jln. Jend. Sudirman Kav 52-53
Jakarta 10190

U.p. : : Ibu Vera Florida (Kepala Divisi Penilaian Perusahaan 2) /
       (Head of Corporate Valuation Division 2)

Perihal : Laporan Aktivitas Eksplorasi periode Q3 2023              Subject : Exploration Activity Q3 2023 Report

Dengan hormat,                                                      Sincerely,

Sehubungan dengan Peraturan PT Bursa Efek Indonesia                 In accordance to Indonesia Stock Exchange Regulation
Nomor I-E tanggal 31 Desember 2022 tentang Kewajiban                No. I-E dated 31 Desember 2022 concerning
Penyampaian Informasi, maka dengan ini kami                         Information Submission Obligation, we hereby submit
sampaikan Laporan Aktivitas Eksplorasi Pertambangan                 the Exploration Activity for the period of Q3 2023 of the
periode Q3 2023 di lingkungan anak-anak Perusahaan                  Company’s subsidiaries as attached.
PT Golden Energy Mines Tbk (“Perseroan”) sebagaimana
terlampir.

Dalam      hal     terdapat  perbedaan penafsiran                   In the event there is any difference of
informasi yang diumumkan dalam Bahasa Inggris dan                   interpreting the information notified in English
Bahasa Indonesia, maka informasi yang digunakan                     language and Indonesian language, the Indonesian
sebagai acuan adalah informasi dalam Bahasa                         language shall prevail.
Indonesia.

Demikian kami sampaikan. Atas perhatiannya kami Thank you for your attention and co-operation.
ucapkan terima kasih.
                                                                                                                         tr
Hormat kami/Sincerely yours,

                                    ym
PT Golden Energy Mines Tbk




Sudin, SH
Corporate Secretary



Tembusan/Copies :
   - Direksi Perseroan/Board of Directors of the Company.
                                        PT. Golden Energy Mines Tbk.
               Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                   Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                        Website: www.goldenenergymines.com
Page 2
1. PT Kuansing Inti Makmur (KIM) dan anak perusahaan
   (KIM Blok) / and its subsidiaries (KIM Block)
   Tidak ada kegiatan eksplorasi di area KIM Blok pada There is no exploration activity in the mine area KIM
   periode Q3 2023.                                    Block for the period of Q3 2023.

2. PT Borneo Indobara (“BIB”)
   2.1. Daerah Eksplorasi                                  2.1. Exploration Activity
        Kegiatan pengeboran eksplorasi meliputi 3 kegiatan      Exploration drilling activities include 3 main
        utama, yaitu pengeboran eksplorasi preproduksi,         activities, namely preproduction exploration
        pengeboran eksplorasi pengembangan, dan                 drilling, development exploration drilling, and
        pengeboran geoteknik.                                   geotechnical drilling.
        Kegiatan pengeboran preproduksi dilakukan untuk         Preproduction drilling activities are carried out
        melengkapi data pemodelan geologi dan kualitas          to complement geological modeling data and
        batubara pada masing-masing area. Pengeboran            coal quality in each area. Development
        eksplorasi     pengembangan       bertujuan untuk       exploration drilling aims to obtain lithology and
        mendapatkan data litologi dan kualitas batubara         coal quality data for geological modeling and to
        untuk pembuatan model geologi serta mendukung           support the addition of new coal resources in
        penambahan sumberdaya batubara baru pada area           areas where exploration has never been carried
        yang belum pernah dilakukan kegiatan eksplorasi.        out. Geotechnical drilling activities are carried
        Kegiatan pengeboran geoteknik dilakukan untuk           out to determine the carrying capacity of the soil
        mengetahui daya dukung tanah dan sifat fisik            and the physical properties of the rock in the
        batuan pada area pit penambangan dan disposal           mining area and disposal area in the company.
        serta di area project perusahaan.
        Kegiatan pengeboran periode Q3 2023 dilakukan           Drilling activities in Q3 2023 were carried out by
        pengeboran eksplorasi preproduksi di area               preproduction exploration drilling in North
        Girimulya Utara, Pasopati Selatan dan Sebamban          Girimulya, South Pasopati and Sebamban area
        Utara, serta pengeboran geoteknik di area               and geotechnical drilling in North Sebamban
        Sebamban Utara.                                         area.

  2.2. Metode Pengeboran                                 2.2. Drilling Methods
       Pada periode Q3 2023, pengeboran eksplorasi            For the period of Q3 2023, preproduction
       preproduksi     dan    eksplorasi   pengembangan       exploration drilling and development exploration
       dilakukan dengan menggunakan open hole dan part        was carried out using open holes and part coring,
       coring, sedangkan pengeboran geoteknik dilakukan       while geotechnical drilling was carried out using
       dengan menggunakan metode full coring. Kegiatan        full coring methods. Geophysical logging
       geofisika logging dilakukan di seluruh lubang bor      activities are carried out in all drilled holes that
       yang telah selesai dilakukan untuk memastikan          have been completed to ensure the depth of the
       kedalaman top dan bottom batubara sehingga             top and bottom of the coal so that the thickness
       ketebalan batubara dapat diketahui lebih akurat        of the coal can be known more accurately and to
       dan untuk mengetahui varian dan karakteristik          determine the characteristics of non-coal rock
       batuan non batubara berdasarkan perekaman              based on recording gamma ray waves and
       gelombang gamma ray dan density.                       density.
                                                                                                                 tr
                                                                                                                      ym
                                           PT. Golden Energy Mines Tbk.
                  Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                      Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                           Website: www.goldenenergymines.com
Page 3
 2.3. Pelaksanaan dan Pengawasan Kegiatan Eksplorasi        2.3. Exploration Activities Progress & Supervision
      Kegiatan pengeboran eksplorasi dan geoteknik               Exploration and geotechnical drilling activities
      dilakukan oleh Departemen Survey, Geotech &                carried out by the Survey, Geotech & Exploration
      Exploration (SGE) BIB.                                     (SGE) Department of BIB.
      Untuk mendukung kegiatan pengeboran eksplorasi             To support the preproduction exploration drilling
      preproduksi dan eksplorasi pengembangan berupa             and development exploration activities such as
      pengeboran open hole dan coring digunakan 2 unit           open hole and coring geotechnical drilling, 2
      rig inhouse 1 unit tipe Jacro 175 dan 1 unit rig tipe      units of 1 unit Jacro 175 type inhouse rig and 1
      Jacro 500. Untuk pengeboran geoteknik dengan               unit Jacro 500 type were used. The geotechnical
      metode SPT dangkal digunakan 1 unit rig tipe Jacro         drilling with SPT method was used 1 unit of Jacro
      200. Seluruh unit rig dioperasikan oleh drilling           200 type. All rig units were operated by BIB
      operator BIB. Kegiatan geofisika logging dilakukan         drilling operator. Geophysical logging activities
      oleh PT Surtech Indonesia yang mengoperasikan 1            were carried out by PT Surtech Indonesia, which
      unit alat logging.                                         operated 1 unit of Geophysical logging.
      Seluruh kegiatan pengeboran disupervisi langsung           All drilling activities are directly supervised by
      oleh Wellsite Geologist, Departemen SGE dan                the Wellsite Geologist, SGE Department and
      Evaluator Geologist Departemen Strategic, Plan &           Geologist Evaluator, Strategic, Plan &
      Optimization (SPO), seluruhnya dibawah Divisi Mine         Optimization (SPO) Department, all under the
      Development & Contract Management (MDC) BIB.               Mine Development & Contract Management
                                                                 (MDC) Division of BIB.

 2.4. Kemajuan Eksplorasi                                 2.4. Exploration Progress
      Kegiatan pengeboran eksplorasi selama periode Q3         Drilling exploration for the period of Q3 2023 are
      2023 adalah sebagai berikut :                            as follows :
                   Tabel 1.1. Kemajuan Pengeboran Ekplorasi dan Geoteknik periode Q3 2023/
                       Progress in Exploration and Geotechnical Drilling Period of Q3 2023
                      Lubang Geoteknik (m) /                              Lubang Eksplorasi (m) /
                      Geotech Drilling                                    Exploration Drilling

Lokasi                Jumlah Total kedalaman (m) /                        Jumlah Total kedalaman (m) /
Location              lubang Total Depth                                  lubang Total Depth
                      /                                                   /
                      Total        Drilling           Logging             Total        Drilling                   Logging
                      Holes                                               Holes
Girimulya Utara           -               -                   -             1                89,00                    70,55
Pasopati Selatan          -               -                   -             20             1.193,95                  1.086,65

Sebamban Utara            2             66,50              65,75            33              886,00                   837,65



                                                                                                                                tr
                                                                                                                                     ym

                                              PT. Golden Energy Mines Tbk.
                   Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                       Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                            Website: www.goldenenergymines.com
Page 4
  2.5. Biaya Eksplorasi                              2.5. Drilling Cost
       Untuk biaya eksplorasi selama periode Q3 2023      The exploration costs for the period of Q3 2023
       adalah sebagai berikut :                           are as follows :

                 Tabel 1.2. Biaya Pengeboran Eksplorasi dan Geoteknik RIG Inhouse periode Q3 2023 /
                          Exploration and Geotechnial Drilling Cost for the period of Q3 2023

                                                                             Year to Date
                    Operating Expense
                                                    Anggaran / Plan (Rp)           Realisasi / Realisation (Rp)
               Biaya Pengeboran /                   Rp. 5.152.885.641,-          Rp. 4.177.784.986,-
               Drilling Cost


3. PT Trisula Kencana Sakti (TKS)
   Tidak ada kegiatan eksplorasi di area TKS pada periode There is no exploration activity in the mine area TKS
   Q3 2023.                                               for the period of Q3 2023.

4. PT Berkat Satria Abadi (BSA) dan PT Wahana Rimba
   Lestari (WRL)
   Tidak ada kegiatan eksplorasi di area BSA dan WRL pada There is no exploration activity in the mine area BSA
   periode Q3 2023.                                       and WRL for the period of Q3 2023.

5. PT Barasentosa Lestari (BSL)
   5.1. Daerah Eksplorasi                                                 5.1. Daerah Eksplorasi
        Kegiatan pengeboran eksplorasi BSL periode Q3                        Drilling activities of BSL in Q3 2023 was
        2023 dilakukan di area blok Belani dan Blok                          conducted in Block Belani and Block Ampalau.
        Ampalau. Pengeboran di Blok Belani sebelumnya                        Drilling at Block Belani was previously not
        tidak direncanakan, namun karena pentingnya                          planned, but due to the importance of
        untuk penentuan bidang kemenerusan batubara                          determining the coal continuity area in the Side
        pada area Side Wall LOM (Life one Mine) Pit Pinang                   Wall LOM of Pit Pinang area (steep dip of coal) so
        (seam dip tegak) sehingga pengeboran dilakukan                       drilling was carried out in Block Belani.
        pada Blok Belani.
        Pengeboran di Blok Ampalau merupakan                                  Drilling at Block Ampalau is the initial
        pengeboran awal stratigrafi untuk menentukan                          stratigraphic drilling to determine potential coal
        keterdapatan potensi batubara dan serta urutan                        availability and stratigraphic sequence. Type of
        stratigrafi. Tipe pengeboran meliputi pengeboran                      Drilling method was conducted are touch core
        touch core (open hole dan coring) untuk                               (combination of open holes and coring) for
        mendapatkan data kemenerusan arah dan bidang                          determine of continuity data, quality and coal
        serta data kualitas batubara dan data coal recovery.                  recovery data. Drilling activity on Q3 2023 was
        Pengeboran pada Q3 2023 tidak dilengkapi dengan                       not completed with geophysical logging
        pengukuran geofisika logging                                          measurements

                                                                                                                            tr
                                                                                                                                   ym
                                            PT. Golden Energy Mines Tbk.
                   Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                       Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                            Website: www.goldenenergymines.com
Page 5
5.2. Metode Pengeboran                                                5.2. Drilling Method
     Pelaksanaan pengeboran pada blok Belani                             Drilling activities at Belani Block is carried out
     dilaksanakan dengan memakai sistim grid, dengan                     using a grid system, with 50-100 meter distance
     jarak antara cross line 50-100 m dan jarak antar                    of cross line and 10-75 meter drill hole spacing,
     lubang bor 10-75 m, mengikuti jurus dan                             follow the strike and dip of coal seam with
     kemiringan (down dip) pelapisan batuan hingga                       maximum Depth around 70-90 meter. The
     kedalaman maksimal 70-90 meter. Hal ini bertujuan                   purpose of grid system and control maximum
     untuk memaksimalkan stripping ratio (SR) dan                        Dept for determine of optimization stripping
     kemenerusan batubara. Rapatnya radius antar titik                   ratio (SR) and continuity of coal. The drill hole
     bor    disebabkan       adanya   indikasi   tingkat                 spacing is relatively close, because drilling area
     kompleksitas geologi yang tinggi pada area                          have high complexity geological condition, such
     pengeboran khususnya adanya struktur geologi                        as structure geology fault with throw more than
     patahan dengan offset (throw) lebih besar dari 20                   20 meter. Beside that there are changed dip of
     meter, bidang perlapisan (dip) yang berubah terjah                  coal seam from 26° to be 88°, strike of coal seam
     dari 26° menjadi 88° dan jurus perlapisan (strike)                  from N 256 E to be N 135 E and fold major
     dari N 256 E menjadi N 135 E dan terdapat pola                      presence at exposed of mining area.
     lipatan pada lapisan batuan yang telah terbuka
     (exposed).
     Pengeboran pada Blok Ampalau dilakukan dengan                        Drilling at Amapalau Block was carried out with 2
     2 line stratigrafi di area Timur dan Barat konsesi                   stratigraphic lines in the East and West areas of
     Ampalau. Adapun jarak antara titik Bor berkisar                      the Amapalau concession. The distance between
     antara 80-250 menyesuaikan kondisi kompleksitas                      drill points ranges from 80-250 according to the
     geologi dan potensi keterdapatan batubara sesuai                     conditions of geological complexity and the
     data awal dari pemetaan.                                             potential for coal availability according to initial
     Pengeboran yang dilakukan yaitu tipe lubang                          data from GMR mapping and BSL mapping data.
     terbuka (open hole) dan part coring. Unit bor yang                   Drilling was conducted with touch core or part
     digunakan adalah rig tipe Jacro-200 dengan                           coring type (combination of open holes and part
     diameter lubang bor (outside) HQ 4 inch (Ǿ 96 mm).                   coring. The drill unit used are rigs type Jacro-200
                                                                          with 4 inch (96 mm) diameter drill holes
    Pengambilan contoh sample batubara bertujuan                          (outside) HQ.
    untuk dilakukan analisa kualitas batubara.                            The purpose of sampling of coal is to analyze the
                                                                          quality of the coal.

5.3. Pelaksanaan dan Pengawasan Kegiatan Eksplorasi                       5.3. Implementation and Supervision of
                                                                               Exploration Activities
    Kegiatan pengeboran BSL periode Q3 2023 pada                          Drilling activities of BSL fot the period of Q3 2023
    blok Belani dilakukan oleh tim eksplorasi dengan 1                    at Block Belani were carried out by the drilling
    unit rig dibawah supervisi Geologist Section                          team with 1 rig under the supervision of the
    Geology dan Geotech, Departemen Mine Planing &                        Geologist Section Geology and Geotech, BSL's
    Technical Service BSL.                                                Mine Planning & Technical Service Department.
    Kegiatan pengeboran Q3 2023 dilakukan satu shift                      Drilling activities on Q3 2023 was conducted one
    yaitu pagi dengan target kedalaman maksimal                           shifts (day shift) with maximum depth target per
    meteran per lubang bor sebesar 90-100 meter                           hole is 90-100 meter with total of metarage of
    dengan total target 450 meter pada Blok Ampalau,                      drilling depth amount 450 meter for Ampalau

                                                                                                                            tr
                                        PT. Golden Energy Mines Tbk.

                                                                                                                                 ym
               Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                   Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                        Website: www.goldenenergymines.com
Page 6
    tentunya dengan memenuhi standar safety untuk                         Block and with standard safety such as good
    melakukan pengeboran di malam hari seperti                            lighting   and other equipment to support
    adanya penerangan yang cukup dan kelengkapan                          operational drilling activity.
    standar lainnya.
    Unit Rig yang digunakan pada kegiatan pengeboran                      Drilling activity used 1 units of Jacro-200. Spec of
    adalah tipe jacro-200, dengan spesifikasi diameter                    rods pipe is 4 inch (96 mm) diameter drill holes
    lubang bor (outside) HQ 4 inch (Ǿ 96 mm). Selain                      (outside) HQ Rods type. Other than Jacro Rig
    unit Rig Jacro juga terdapat unit SPT dengan palu.                    unit, there is also an SPT unit with a hammer.
    Unit rig jacro-200 ini merupakan unit dengan                          Rig Jacro-200 is unit rig medium specification
    spesifikasi tinggi dengan target kedalaman                            with the ability of maximum depth coring 100
    pengeboran coring (touch core hingga 100 meter)                       meters and have a big size unit so needs heavy
    dan ukuran yang cukup besar sehingga diperlukan                       equipment unit like (excavator or Bulldozer) for
    unit alat berat (excavator atau Bulldozer) untuk                      moving to others drill point.
    melakukan perpindahan unit dari titik bor satu ke
    titik bor lainnya.
    Lubang bor yang telah selesai dilakukan                               Drill holes that have been finished then carried
    pengeboran kemudian dilakukan pickup collar                           out by a pickup collar survey by the BSL survey
    survey oleh tim survey BSL yang terdiri dari 1                        team consisting of 1 surveyor coordinator and 2
    koordinator surveyor dan 2 crew survey.                               survey crews.



5.4. Kemajuan Eksplorasi                                                  5.4. Drilling Progress
     Selama periode Q3 2023 kegiatan pengeboran                           in Q3 2023 exploration drilling activities in Belani
     eksplorasi di Blok Belani telah menyelesaikan 6                      Block have completed 6 drill holes and drilling
     lubang bor dan pengeboran di Blok Ampalau                            activities in Ampalau Block have completed 6
     menyelesaikan 6 titik bor. Total kedalaman lubang                    drill holes. Total drill hole Depth in Q3 2023 were
     bor selama periode Q3 2023 adalah 592,10 meter                       592.10 meters as detailed in table 1.3.
     dengan rincian pada tabel 1.3.
     Pengeboran dilakukan dengan tipe pengeboran                          Drilling type was conducted drilling with touch
     partial coring dengan tujuan mendapatkan sample                      core or partial coring type (combination of open
     batubara untuk dilakukan uji atau analisa kualitas.                  holes and coring) for take the coal sample for
                                                                          Quality analysis laboratory.
    Akfitas pengeboran pada Q3 2023 di area Lonsum                        Drilling progress on Q3 2023 in the Lonsum area
    di Blok Ampalau dan Blok Belani berjalan lancar                       at Ampalau Block and Belani Block are running
    serta tidak ada kerusakan unit pengeboran Jacro                       smoothly and there is no standby unit Jacro 200
    200 yang signifikan untuk dilakukan perbaikan.                        drilling because breakdown issue. In addition,
    Selain itu terdapatnya efektifitas dan efisien kerja                  the effectiveness and efficiency of the work of
    tim pengeboran yang mengaKibatkan pekerjaan                           the drilling team resulted in quite optimal drilling
    pengeboran cukup optimal di Q3 2023, sehingga                         work in the second quarter, so that the target of
    target kedalaman pengeboran tercapai.                                 drilling depth was achieved.
                                                                                                                            tr
                                                                                                                                 ym

                                        PT. Golden Energy Mines Tbk.
               Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                   Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                        Website: www.goldenenergymines.com
Page 7
        Tabel 1.3 Kemajuan Pengeboran Ekplorasi BSL Blok Belani dan Ampalau Periode Q3 2023 /
Drilling Exploration Progress PT Barasentosa Lestari Belani and Ampalau Block for the period of Q3 2023

                                                          Lubang Eksplorasi (m) /
                                                             Exploration Drilling

    Lokasi /        Jumlah                               Total kedalaman (m) /
    Location        lubang /                             Total Depth
                                                                                                      Total (m)
                    Total                                Coring               Full Coring
                    Holes          Open Holes
                                                         (Infill)             (Geotech)
 Belani             6              62,25                 143,85               -                       206,10
 Ampalau            6              371,45                14,55                -                       386,00



5.5. Biaya Eksplorasi                              5.5. Exploration Cost
     Untuk biaya eksplorasi selama periode Q3 2023      The exploration costs for the period of Q3 2023
     adalah sebagai berikut :                           are as follows :

            Tabel 1.4. Biaya Pengeboran Eksplorasi BSL Block Belani dan Ampalau periode Q3 2023 /
                      Drilling Cost BSL Belani and Ampalau Block for the period of Q3 2023


                                                                          Year to Date
                 Operating Expense
                                                  Anggaran / Plan (Rp)            Realisasi / Realisation (Rp)
           Biaya Pengeboran           BSL     /
                                                  Rp. 987.263.744,-               Rp. 675.037.408,-
           Drilling Cost BSL

                                                                                                                  tr
                                                                                                                       ym




                                        PT. Golden Energy Mines Tbk.
               Sinar Mas Land Plaza Tower II, 6th Floor Jl. MH. Thamrin No. 51 Kav. 22, Jakarta Pusat 10350
                                   Phone: (62) 21 50186 888 , Fax: (62) 21 3199 0319
                                        Website: www.goldenenergymines.com

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