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Geology
Resources
Reserves
Regional Exploration
Competitive Strengths
   

 

 

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 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.

The Group commenced the development of the mining system for ore extraction at the Pasir Manggu Deposit in September 2012.

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.

The Group has entered into the Land Borrow Agreements with Wijaya Lawrence, Decky Susanto, Nicco Darmasaputra Lawrence, Haryanto and Tirto Sarjono over approximately 28.3 hectares of land in the Concession Blocks for a period of 17 years.

The Group will acquire additional land use/occupancy rights within the Concession Blocks progressively as the Group’s mining operations progress and develop.