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Page 1 OCR 0.802
AMMAN

amman.co.id

Exploration Report - Guarter 4 2024

Introduction

During the period "t October to 31" December 2024 (A4 2024), PT Amman Mineral Nusa
Tenggara (“PT AMNT”), a subsidiary of PT Amman Mineral Internasional Tbk (“PT AMI"),

carried out exploration activities on IUPK Blocks I, II III located in Sumbawa, Indonesia (Figure
1). There was no field exploration within Block IV, Lampui.

Total exploration expenditure for 04 2024 was approximately USD $ 6.13 M.

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|. Mataram Sumbawa

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Pola $ INDONESIA :
Sumbawa AMNT Asset Jakarta. : 8
IUPK PTAMNT Batu Hijau Mine Operation an

1 ProjectArea — @ Elang Cu-Au Project

Figure 1. PT AMNT IUPK blocks, Sumbawa, Indonesia.

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 4622157994600 F. 462 215296 4136

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Page 2 OCR 0.874
AMMAN ANNNAN

Batu Hijau Block |

Expenditure:
e In pit resource drilling program costs, including core sample assay costs, amounted
to approximately USD $ 0.58 M.

Work areas:
e Batu Hijau Cu-Au mine.

Exploration parties:
e Manager (Resource drilling) - AMNT Mine Technical Service (MTS).
e Drilling contractor - PT Minera Nusa Drillindo (PT MND).
e  Assay laboratory - Intertek Utama Service (Intertek).
e  Umpire assay laboratory - PT Geoservices.

Assessment methods:
e Diamond drilling (7 rigs).

Objectives:
e The aims of the on-going drill program are to increase the confidence level of the
ore reserve in phase-8 and the mineral resource classifications below the Batu Hijau
Phase-8 pit design.

Exploration Results:
e 9 drill holes completed, totaling 1,470.9 m (Figure 2).
e Core samples submitted to the assay lab amounted to 1,264.

Forward Plan:
e Review drilling results & update the Batu Hijau Mineral Resource Estimate (MRE)
e Detailed geological mapping at West Nangka.

amman.co.id

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 4622157994600 F. 462 215296 4136 2
Page 3 OCR 0.820
AMMAN | ANNN

NN 487000 E

AMMAN

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kel
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O Completed Drilling A4-2024
Phase 8 Boundary

Figure 2. Batu Hijau Block | 04 2024 - In Pit Drill Collar Locations.

amman.co.id

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 462215799 4600 F. 462 215296 4136 3
Page 4 OCR 0.880
AMMAN ANNNAN

Elang Block II

Expenditure:
e Exploration activities included drilling and geological mapping. Costs were circa USD
$5.3M.

Work Areas:
e Elang Cu-Au Project.

Exploration Parties:
» Manager - AMNT Exploration.
e Drilling contractor - PT Minera Nusa Drillindo (PT MND).
e Assay Laboratory (drill core, rock) - Intertek Utama Service (ITS).

Assessment Methods:
e Diamond drilling (10 rigs).
»  Geological mapping (including rock sampling).
#  Alteration analyses using an ASD TerraSpec 4 Mineral Spectrometer.

Objectives:

e# Geotechnical, hydrogeological and metallurgical drilling programs are supporting the
Elang DFS study. New geotechnical and hydrogeological data will be used to guide
the final Elang pit designs. New metallurgical data is for Elang South only.

e Resource development drilling continued at the Elang Cu-Au deposit (Figure 4). The
purpose of this infill program was to explore information gaps, improve the
geological model and to increase the confidence level of mineral resource
classifications within the latest Elang pit design.

e Detailed geological mapping and ASD alteration mapping at Gerbang East is testing
for Cu-Au porphyry mineralisation indicators within a lithocap (Figure 4).

Exploration Results:
e Elang Cu-Au project diamond drilling (24 holes for 14,139.2 m):
o Geotechnical & hydrogeological - 4 holes (517.10 m) completed,
Oo Metallurgical - 1 hole (352.3 m) completed but failed to reach target,
o Resource infill & exploration - 22 holes (13,269.80 m) completed or in
progress,

e Core samples submitted to the assay lab amounted to 5,798.

Forward Plan:
e Update the Elang Mineral Resource Estimate (MRE),
» Elang deposit drilling (exploration, resource development & metallurgical), using 3 to
4 rigs, is planned.

amman.co.id

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 4622157994600 F. 462 215296 4136 4
Page 5 OCR 0.625
AMMAN

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Figure 4. Elang Block II A4 2024 - Exploration Locations.

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950

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162215799 4600 F.

462 215296 4136
Page 6 OCR 0.878
AMMAN

amman.co.id

Rinti Block III

Expenditure:

ANNN

e# Geological mapping costs, including rock and soil assay costs, amounted to

approximately USD $ 252.4 K.

Work Areas:
e  Rinti Cu-Au Project.

Exploration Parties:
» Manager - AMNT Exploration.

#  Assay Laboratory - Intertek Utama Service (ITS).

Assessment Method:
»  Geological mapping (including rock sampling).
e Ridge spur soil sampling.

Objectives:

e Detailed geological mapping was carried out over an Induced Polarisation (IP)
chargeability anomaly in the SW portion of the Rinti Block and the Sane South area

(Figure 5).

# Mapping found lithocaps in the South Sane area. Ridge and spur soil sampling
ensued. Cu-Au-Mo geochemistry will be used to assess the potential for mineralized

porphyries below the lithocaps.

Exploration Results:

» Geological mapping program - 60 rock samples were submitted to the lab.
e Soil sampling program - 81 samples were submitted to the lab.

Forward Plan:
e# Reviewof exploration results.

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID

BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 4622157994600 F. 462 215296 4136
Page 7 OCR 0.664
AMMAN

ANNN

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564000 E

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566000 E

562000 E
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»  Completed Soil Sampling A4-2024 (EA Argillic Alteration
sg - Previous Holes (ES aavance Argillic Alteration
$ 114//Mapping Area @4-2024 (KS Phyilic Aiteration
£ (5 MoisTEM Resistivity at depth 100m (MMI Silica Alteration
E
E Figure 5. Rinti Block III A4 2024 - Exploration mapping area.
PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 IL 462215799 4600 F. 462 215296 4136 7
Page 8 OCR 0.895
AMMAN ANNNAN

Lampui Block IV

No field work or costs incurred in A4 2024.

Forward Plan:
e A Cu-Au target, defined by 2024 exploration, will be drill tested (1 rig).

amman.co.id

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T 4622157994600 F. 462 215296 4136 8

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Published10 Jan 2025
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Names mentioned 8 people and organisations named in the text · linked when the evidence is strong

linked org Amman Mineral Internasional Tbk p.1 ×26
unresolved org PT Amman Mineral Nusa Tenggara p.1
unresolved org PT AMNT p.1 ×2
unresolved org PT AMI p.1
unresolved org PT AMNT IUPK p.1
unresolved org PT Minera Nusa Drillindo p.2 ×2
unresolved org PT MND p.2 ×2
unresolved org PT Geoservices. Assessment p.2

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