Investor Presentaiton
Corporate Snapshot
Capital Structure
Current Share Price
C
1
Shares On Issue
AUD
USD
1.8
2.4
2,862.3
Key Recent & Upcoming Events
1
Release of robust DFS for Sihayo Starter Project confirms strong
economics
m
2,862.3
Market Capitalisation
$m
68.7
50.7
2
1
Cash
$m
14.0
10.3
1,2
Interest Bearing Loans
$m
10.1
7.5
Enterprise Value
$m
64.8
47.9
Ownership Overview
46.3%
Agreed exploration and development strategy with support of key
shareholders
3
Restructured Board & Management to deliver new strategy;
appointed new Executive Chairman Colin Moorhead and new CFO
Roderick Crowther
4
PT Merdeka Copper Gold TBK (IDX: MDKA) has funded US$1.5m
for the restart of exploration strategy
■ Provident
24.8%
■Saratoga
5
7.7%
6.6%
Lead Hutabargot epithermal gold-silver IPPKH (forestry permit)
expected in early September 2020
■Goldstar
Asian Metals
11.9%
6
On ground exploration work set to restart in October 2020
Lion Selection Group
■Other Shareholders
Page 11
2.7%
Source: Market data from Bloomberg as of 31 August 2020; Company reports
1.
2.
Shares on issue inclusive of Tranche 1 Placement. Cash and debt balance as at 31 August 2020, inclusive of Tranche 1 Placement proceeds, USD/AUD exchange rate = 0.738
Debt comprise of loans from Key shareholders (Provident Minerals Pte Ltd, PT Saratoga Investama Sedaya, Goldstar Asia Mining Resources (L) Berhad and Asian Metal Mining
Developments Limited, with an aggregate shareholding of 63.7%) and Merdeka. All debt to be repaid upon Offer completion. Refer to slide 18 for further information
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