Investor Presentaiton

• • • • . . Conclusion Indonesia's next World Class Mining Company 1. Gold Heap Leach Project Low Capex, Low Opex & Low Risk Funded, Permitted and in Construction Initial CAPEX US$126.9m Reserve mine life 9 years - 97,500 oz Au Eq per year Cash Costs <$500/oz Fully funded and permitted (incl. forestry) through to production start NPV5 US$258m Production starts Q4 2016 Operational cash flow provides "internal funding" to pursue the Porphyry Project • 2. Porphyry Copper Project Sub-level Cave Copper / Gold / Molybdenum Mineral Resource - 1,900 Mt @ 0.45% Cu, 0.45 g/t Au 90 g/t Mo (0.2% Cu COG) Upper High Grade Zone - 260 Mt @ 0.8% Cu, 0.8 g/t Au, 160 g/t Mo Sub-level cave mining - 6mtpa expanding to 12mtpa 25 year mine life Initial CAPEX US$850m - $1,000m Valuation range US$350m - US$1bn MERDEKA COPPER GOLD 3. Growth Options Identified and executable options to fast track overall growth Indonesia is one of the world's top mineral locations Strategic Indonesian Shareholders seen as "preferred partners" Potential aggregation strategy can deliver additional growth options • Strategic Indonesian Shareholders (control 50% plus of the company) Gold Heap Leach "under pins" the Company's future plans Massive leverage to copper market as Project Studies are completed PT Merdeka Copper Gold Tbk. 32

View entire presentation