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No. JRAP/SKLR/CSD/2024/XII/115 Jakarta, 10 Desember 2024 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/2024/XI/109 tanggal 28 November 2024 tentang Public Expose PT J Resources Asia Pasifik Tbk, terlampir kami sampaikan materi Public Expose Perseroan yang akan diadakan pada hari Jumat, tanggal 13 Desember 2024. Demikian kami sampaikan. Atas perhatiannya kami ucapkan terima kasih. Hormat kami, PT J Resources Asia Pasifik Tbk
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PUBLIC EXPOSE
PT J RESOURCES ASIA PASIFIK TBK
2024
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PUBLIC EXPOSE 2024
• Operations
• Awards
• Drilling Updates and 2024 New Discovery
• Project Development
• Financials
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Section 1 Operations
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Bakan Resource-Reserve-Production Reconciliation
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2024 Production Growth
Production performance has started to ramp up around beginning of Q2 2023, which is
shown in the comparation figures below. Cumulated production in 2024 has grown
significantly compared to 2023 and is expected to grow more than 107% by end of 2024.
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Section 2 Awards
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Bakan Awards
MEMR - GOOD MINING PRACTICE (GMP) AWARDS FOR 2023
Utama Award from Pratama Award from Utama Award from
Minister of Energy and Minister of Energy and Minister of Energy and
Mineral Resources Mineral Resources Mineral Resources
Mining Technic Category Mineral Conservation Environment Management
Category Category
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Bakan Awards
Award from the Governor of North Sulawesi Investment Award 2024
for fulfilling Business Permits, Obligations and Responsibilities of
Business Actors
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Bakan Awards
Award from Governor of North Sulawesi for CSR Program - Commitment and
Contribution on Lowering Growth Stunting 2023 in South Bolaang
Mongondow Regency
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Bakan Awards
Subroto Award from MEMR
Most Innovative CSR Program in Mineral Category
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Bakan Awards
Tamasya Award from MEMR Tamasya Award from MEMR
Performance of Community Performance of Community
Development and Empowerment in the Development and Empowerment in
Category of Mineral Commodities the Category of Mineral
Planning for Real Income or Employment Commodities Implementation for
Real Income or Employment
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PT J Resources Nusantara Awards
Jakarta Investment Award 2024
Award for the Largest
Contribution to Tax Revenue - Company with the Largest Investment
KPP Madya South Jakarta II Realization Contribution in Other Services
Sectors in 2023 - PMDM Category II Winner
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Section 3 Drilling Updates and 2024 New Discovery
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Drilling Updates in Bakan Mine
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Drilling Updates in Bakan Mine
9.40m @0.45 g/t
Au.
Extension of 112.10m @0.27 g/t Au, include 16.50m @0.86 g/t
mineralized zone Au.
118.80m @0.17 g/t Au.
BBD1799 & BBD1801
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Assay Result
16.60m @0.69 g/t
Au.
99.80m @0.29 g/t Au, include 11.60m @0.55 g/t Au and 37.70m @0.52
g/t Au.
141.60m @0.65 g/t Au, include 50.55m @1.41 g/t
Au.
Extension of
mineralized zone
BBD1795 & BBD1797
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2024 New Discovery Highlights
New discovery in one of
the Company’s asset
30km distance from
existing mine
3 mineralized vein sets
(500 - 1,000m length)
High grade intercepts from
drilling: 14m at 2.25 g/t Au;
13m at 1.58 g/t Au; 93m at
0.87 g/t Au.
Exploration targets: 10 -
15 Mt at 1.50 - 2.50 g/t Au,
and addition from district
exploration targets: 7 - 10
Mt at 1.0 - 3.0 g/t Au.
Potential for 10 years LOM
at 80 - 100 Koz gold
production per annum.
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2024 New Discovery Highlights
Metallurgical Test and Result
5 metallurgical from surface samples
representing 5 ore domains (959kg)
Average QLT (quick leach test) 85%
Majority of gold in oxide materials
Higher recovery of gold from finer
size
Indication for CIL method processing
route
Future plan: to carry out drilling
programs and sample tests from the
drill core samples
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Section 4 Project Development
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Doup Project Update
Doup’s Reserve by end October 2024: 38.2Mt at 1.28gpt and 1.6Moz of
Gold
Design plant capacity is 3 Mtpa with Gravity - Flotation - POX - CIL,
yielding an operating mine life of 14 years, with a life of mine stripping ratio
of 4.3:1
Expected LOM recovery is 91%
Gold production target in the range of 140,000 - 155,000oz per year
With the current gold price, expected revenue from Doup Project LOM is
more than US$3 Billion
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Section 5 Financials
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2024 Production & Sales
Q1 Q2 Q3 Oct - Nov
(actual) (actual) (actual) (actual)
Production (oz) 33,272 24,116 20,079 15,560
Accum. Production (US$) 33,272 57,388 77,467 93,027
Sales (US$) 58,738,395 71,404,642 43,722,698 43,393,920
Accum. Sales (US$) 58,738,395 130,143,037 173,865,735 217,259,655
The Company is expecting 2024 full year production to surpass 100koz of
gold compared to prior year’s production of 93.7koz
With the current gold price, 2024 expected revenue is estimated to be
US$230 - US$240 million compared to prior year’s revenue of US$170
million
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IDR Bond Outstanding & Amortization
In 2024, the Company has fulfilled its commitment to Bondholders
in a timely manner totaling up to IDR 239,203,065,625 comprising
of principal and interest.
In February 2025, there is an upcoming principal payment due for
the Company’s Bond 1 Phase 3 amounting IDR 227,860,000,000,
which will be settled in full and on time.
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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
Names mentioned 5 people and organisations named in the text · linked when the evidence is strong
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Minister of Energy
p.8 ×3
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PT J Resources Nusantara Awards Jakarta Investment Award
p.13
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