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Page 1 OCR 0.794
AMMAN NNN

Exploration Report - Guarter 2 2024

Introduction

During the period 1t April 2024 to 30st June 2024 (A2-2024), PT Amman Mineral Nusa
Tenggara (PT AMNT), a subsidiary of PT Amman Mineral Internasional (PT AMI), carried out
exploration activities on IUPK Blocks I, II, Illand IV, located in Sumbawa, Indonesia (Figure 1).

Total exploration expenditure for 42-2024 was approximately USD $ 9,65 M.

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4 IUPK PTAMNT  @ Batu Hijau Mine Operation . Er

Map Location

Project Area — @ Elang Cu-Au Project

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

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 1
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AMMAN NNN

Batu Hijau Block |

Expenditure:
e In pit resource drilling program costs, including core sample assay costs, amounted
to approximately USD $ 3.12 M.

Work areas:
e Batu Hijau Cu-Au mine.
e Batu Hijau Area of Interest - Aol (near-mine prospects).

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

Assessment methods:
e Diamond coring (12 drill rigs).
»  Geological mapping (including rock sampling).
#  Alteration analyses using an ASD TerraSpec 4 Mineral Spectrometer.

Objectives:
e The aim of the on-going drill program is to increase the confidence level of mineral
resource classifications below Batu Hijau Phase-8 pit design.
e First-pass geological mapping and prospecting, within the Batu Hijau Aol areas, is
designed to define Cu-Au exploration targets.

Exploration Results:
e 36 drill holes, completed or in progress, totaling 15,593.1m (Figure 2).
e Core samples submitted to the assay lab amounted to 5,238.
e Batu Hijau Aol mapping - 30 rock samples were submitted to the lab.

Forward Plan:
e The resource drilling program (12 rigs) will continue in 43-2024.

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
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AMMAN 0 NNN

487000 E

MW. :

AMMAN

9009000 N

@ In Progress Drilling A2-2024
O Completed Drilling A2-2024
(C3 Phase 8 Boundary

Figure 2. Batu Hijau Block |! 02-2024 - 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 4622157994600 F. 462 215296 4136 3
Page 4 OCR 0.876
AMMAN NNN

Elang Block II

Expenditure:
e Exploration activities included drilling and geological mapping. Costs were circa USD
$5.25M.

Work Areas:
e Elang Cu-Au Project.
» Alma Cu-Au Prospect.
e Sebu East Cu-Au Prospect.

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 (3 rigs).
»  Geological mapping (including rock sampling).
#  Alteration analyses using an ASD TerraSpec 4 Mineral Spectrometer.

Objectives:

e Resource development drilling continued at the Elang Cu-Au deposit (Figure 3). 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. Drilling in progress at Elang South is testing mineralisation extension
to the south and at depth extension of the Cu-Au resource block model.

e Exploration drilling at Alma tested for potential Cu-Au porphyry mineralisation
beneath a lithocap (Figure 3).

e Exploration drilling at Sebu East tested for potential Cu-Au porphyry mineralisation
within a significant IP conductivity and resistivity anomaly (Figure 3).

Exploration Results:

» Elang Block diamond drilling (9 holes for 4,831.7 m):

o Elang Cu-Au resource infill & exploration - 7 holes, completed or in progress,
totaling 4,031.5 m.

o Alma Cu-Au exploration - 1 hole completed, amounting to 204.0 m.
o Sebu East Cu-Au exploration - 1 hole completed, amounting to 596.2 m.

# Core samples submitted to the assay lab amounted to 2,098.

e# Geological mapping program - 55 rock samples were submitted to the lab.

Forward Plan:
e# Elang deposit resource development drilling, geotechnical drilling, hydrogeological
drilling, and metallurgy drilling, using six (6) rigs, is planned for 43-2024.
» Sebu East exploration drilling (1 rig), over a porphyry Cu-Au target, will continue in
04-2024.

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
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AMMAN

NNN

— IUPK PTAMNT

AMMAN

amman.co.id

1Km:

ANNNN Auita (.

8 9010000 N 9012000 N 9014000 N

9008000 N

9006000 N

8 In Progress Drilling @2-2024
Completed Drilling @2-2024
Previous Holes

(2271 Mapping Area @2-2024

9004000 N

538000 £

549000 E

542000 E

1 544000 E

Figure 3. Elang Block II @2-2024 - 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

T

162215799 4600 F.

162 215296 4136
Page 6 OCR 0.864
AMMAN NNN

Rinti Block III

Expenditure:
e Exploration drilling program and geological mapping costs, including core sample
and rock assay costs, amounted to approximately USD $ 1.25 M.

Work Areas:
e  Rinti Cu-Au Project.

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

Assessment Method:
e Diamond drilling (1 rig).
»  Geological mapping (including rock sampling).

Objectives:
e The aim of the current exploration drilling program is to test for potential Cu-Au
porphyry mineralisation beneath an advanced argillic alteration lithocap (Figure 4).
e Detailed geological mapping was carried out over a significant Cu-Au soil anomaly in
the SW portion of the Rinti Block (Figure 4).

Exploration Results:
e  Rinti diamond drilling - 2 holes (908.9 m) completed.
e Core samples submitted to the assay lab amounted to 337.
e# Geological mapping program - 27 rock samples were submitted to the lab.

Forward Plan:
# Review of previous exploration results.
e The exploration drilling program (1 rig) will continue in 44-2024.

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 6
Page 7 OCR 0.671
AMMAN NNN

NRKAN 564000 E 566000 E
AMMAN IUPK PT AMNT
Bokol sa HE z
ekolarCamp H3
L 2 9— NE 2 |
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TG se 5 8
J N
z
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 - 2
4 8
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K.Beringin Camp
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8
FT MMI Guartz Vein (CA Agilic Alteration 8)
3 Vuggy Guartz MA | Advance Argillic Alteration 8
1 Hydrothermal Breccia CE Phyllic Alteration
Pe Silica Alteration
N
9  Completed Drilling A2-2024 A
- “ Previous Holes
$ (Mapping Area @2-2024 —
4 (6 MHoisTEM Resistivity at depth 100m m
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Figure 4. Rinti Block III 42-2024 - 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 T 4622157994600 F. 462 215296 4136 7
Page 8 OCR 0.861
AMMAN NNN

Lampui Block IV

Expenditure:
e  Exploration was limited to geological mapping. Costs were circa USD $ 0.40 M.

Work Areas:
e  Kokar Tuna Cu-Au Prospect (Figure 5).

Exploration Parties:
# Manager - AMNT Exploration.
e Assay Laboratory (drill core, rock) - Intertek Utama Service (ITS).

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

Objectives:
e Detailed geological mapping, over a significant Cu-Au soil anomaly, was designed to
define drill targets.

Exploration Results:
» Geological mapping program - 27 rock samples were submitted to the lab.

Forward Plan:
# The geological mapping and rock sampling program will continue in 43-2024.
e The exploration drilling program (1 rig), over a porphyry Cu-Au target, will begin in
04-2024.

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
Page 9 OCR 0.757
AMMAN

532000 E

NN

x

1-—-. Argillic Alteration

1-—. Intermediate Argillic Alteration
-— Advanced Argillic Alteration
-— Silica Alteration

-— Ouartz Vein

34000 E
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Fr 8 Plan Holes 2024
Previous Holes

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11//Mapping Area @2-2024
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amman.co.id

Figure 5. Lampui Block IV @2-2024 - 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 T 4622157994600 F. 462 215296 4136

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Published10 Jul 2024
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Characters9,017
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Names mentioned 9 people and organisations named in the text · linked when the evidence is strong

linked org AMMAN MINERAL INTERNASIONAL TBK p.1 ×28
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 ×3
unresolved org PT MND p.2 ×3
unresolved org PT Geoservices. Manager p.2
unresolved org PT AMNT Bokol p.7

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