Investor Presentaiton
Citra Palu Minerals (CPM)
Gold Mine Project
Overview
Has rights to a 85.180 hectares mining concession in
Central Sulawesi and South Sulawesi, Indonesia
through a Contract of Work (Generation VI in 1997).
Construction & Production permit was approved in
Nov 2017 with 3 years construction period and 30
years production period (until 2050).
1st CIL gold Plant (500 ton /day) in Poboya Block-1
has been operational since Q1-2020.
Completed the 2nd CIL gold plant construction (4,000
ton /day) in Q4 2022 (Production started in November
2022).
Plan to complete the 3rd gold plant construction in
2024 (Rights Issue-1 / Prospectus dated 18 March
2021).
Location
PIT A
(RIVER REEF)
PIT B
(HILL REEF 1)
STOCKPILE
Prospect
Blok 1 - Poboya - Reserves/Cadangan
Tonnage
Grade
Metal Content
Classification
Au
Mton
(g/t)
Ag
(g/t)
Au (Oz)
Ag (Oz)
Proven
3.4
4.3
7.6
473,000
848,000
Probable
11.3
2.9
6.8
1,046,000
2,488,000
Sub Total
14.8
3.2
7.0
1,519,000
3,335,000
Proven
Probable
7.9
0.9
2.5
238,000
638,000
Sub Total
7.9
0.9
2.5
238,000
638,000
Proven
0.07
1.5
3.3
3,000
8,000
Probable
Sub Total
0.07
1.5
3.3
Total
22.8
2.4
5.4
3,000
1,761,000
8,000
3,981,000
Blok 1 - Poboya - Resources/Sumberdaya
Tonnage
Grade
Metal Content
Classification
Au
Ag
Mton
Au (Oz)
Ag (Oz)
(g/t)
(g/t)
Measured
3.4
4.3
7.6
473,000
RIVER REEF
Indicated
12.8
2.8
6.5
1,134,400
848,000
2,648,800
Vein
Inferred
3.1
2.9
5.1
287,400
507,100
Sub Total
19.3
3.1
6.4
1,894,900
4,004,000
Indicated
6.2
1.0
2.8
206,000
567,100
HILL REEF 1
Vein
Inferred
0.3
0.7
1.5
5,800
12,400
BRMS's Gold Production
Sub Total
6.5
1.0
2.8
211,800
579,500
FY 2020
73 Kg
2,271 oz
FY 2021
139 Kg
4,328 oz
FY 2022 1H 2023
174 Kg
236 Kg
5,415 oz 7,611 oz
Indicated
2.4
0.7
1.5
52,100
116,300
HILL REEF 1
Stockwork Gneiss
Inferred
0.2
0.7
2.2
5,200
16,300
Sub Total
2.6
0.7
1.5
57,300
132,600
Total
28.4
2.4
5.2
2,164,000
4,716,100
Gold Production
Notes:
Ndaru Cahyono (CPI-154) In 2022.
⚫ The KCMI standard Resource was completed by a Competent Person
The KCMI standard Reserve was completed by a Consultant Competent Person Join Damanik (PERHAPI CP.130.12.2016) In 2022.
* the values in this table have been reported to appropriate significant figures; therefore; there may be discrepancies
in the totaled values
Source: BRM.
BRM
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