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Investor Presentaiton

Heap Leach Project Annual Production Profile and Cash Operating Costs incl. royalties • Significant grade advantage in 2017 and 2018 - MERDEKA COPPER GOLD Pits B West, B East and E ore sources (five open pits in total over the life of mine) Cash Unit Costs US$/oz (before Ag Credit) (after Ag Credit) • Calendar Year Gold Production ozs Silver Production ozs 2016 27,097 6,289 na na 2017 116,812 121,037 478 463 2018 158,677 182,528 318 301 2019 85,728 110,303 491 473 2020 97,421 299,859 466 421 2021 62,749 469,631 715 605 2022 91,101 468,730 514 439 2023 64,563 293,006 684 617 2024 73,068 358,422 611 539 2025 61,936 398,119 462 368 2026 411 27,257 na na TOTAL 839,563 2,735,180 503 456 Oxide ore metallurgy gold recovery 82.5% - Oxide ore approximately 93% of ore feed - 75mm crush size and cement agglomeration 50% up to 80% of gold recovery within 30 days of leaching PT Merdeka Copper Gold Tbk. 12
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