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Board of Directors
Vision Mission &
   Core Values
Chairman's Statement
Corporate Governance
Corporate Structure

 

 

On 16th December 2013, Hartawan Holdings Limited, listed on Catalist board of the SGX-ST, changed its name to Wilton Resources Corporation Limited (“Wilton” or “the Company” ) following the successful Reverse Takeover (RTO). This is to better reflect the Company and its subsidiaries ("the Group") becomes a gold mining group that owns two concession blocks in West Java, Indonesia ("the Concession Blocks").

The Concession Blocks are located in the Jampang Kulon area, in the southwest of the Sukabumi Region, West Java Province, Indonesia, approximately 200 kilometers south of Jakarta, and is accessible by a good road infrastructure. The proximity to land transport and the availability of existing infrastructure and communication access enable the Target Group to receive supplies of diesel, potable water and other equipment or materials essential to its mining operations from its suppliers readily. A state grid of 1,600 kilovolt ampere has been built to provide a stable supply of electricity to the Concession Blocks. A high elevation recycled water pond and a dam for production requirements are currently being constructed.

The Concession Blocks cover approximately 3,078.5 hectares comprising:

  1. 2,878.5 hectares located in Ciemas and Mekarjaya Village Ciemas District, Cihaur Village Simpenan District, Sukabumi Regency, West Java Province, Indonesia, held by PT WWI; and
  2. 200 hectares located in Block Pasir Manggu, Mekarjaya Village, Ciemas District, Sukabumi Regency, West Java Province, Indonesia, held by PT LTC.

As reported in the Independent Qualified Person’s Report, the Proved and Probable Ore Reserves within the Deposits are 0.1032 million tonnes averaging 5.89 g/t gold and 2.3373 million tonnes averaging 7.16 g/t gold, respectively, totaling approximately 2.44 million tonnes averaging 7.10 g/t of gold at a cut-off grade of 1.69 g/t of gold. Based on the Independent Expert Report, a reasonable estimate of the Fair Market Value of 100% interest in the Ciemas Gold Project as at Valuation Date of 31 May 2013 is US$341 million.