Investor Presentaiton
MERDEKA
COPPER GOLD
Select Merdeka Corporate Developments
Since IPO, Merdeka has engaged in a number of value adding acquisitions, as well as attracting blue chip
international institutional investors and a consortium of high-quality lenders
Financing
M&A/Operational
Tujuh
Bukit
2012
Acquired TB
2013-2015
Drilling and feasibility
Gold
study
2016
Completed
construction
2017
Achieved first
gold
2018
Doubled the size of the
plant
2019-2020
Exploration to increase
reserves
Gold
Pani
Tujuh
Bukit
2012
Acquired TB Copper
2018-2023
Extensive drilling campaign
Nov 2018
Acquired a 66.7% in
Pani Gold (IUP)
Dec 2021
Acquired 100% in Pani
Gold (COW)
Mar 2022
Fully acquired 100% of Pani
Mar 2022-2023
Finalising Feasibility study
Gold (IUP)
Copper
2012
Wetar
Acquired <20% in Finders Resources
(majority owner of Wetar Copper Mine)
May 2018
Completed takeover of Finders. Stake in
Wetar Copper Mine increased to 78%
2019
Material discovery and development of
new Partolang resource
Battery Materials
Sept 2012
Equity/Other
Merdeka
established
Jun 2015
US$65m IPO
May 2018
US$92m RI
Select Debt
Jul 2019
US$60m RI
Feb 2021
Signed a JVA with Tsingshan
for construction of AIM Project
Nov 2020
Addition to
MSCI Indonesia
Index
Jun 2021
Achieved 100% ownership of
Wetar Copper Mine
Mar 2022
Acquired MBM seed
assets (BSI, CSI)
May 2022
Increased ownership
in CSI & BSI to 50.1%
May 2022
Acquired majority
stake in ZHN
Mar 2021
US$170m RI
Feb 2016
US$130m loan
Sept 2016
US$25m loan
Oct 2018
US$200m loan
Jul 2020
US$96m IDR
bond
Sept 2020
US$20m IDR
bond
Dec 2020
US$25m RCF
Jun 2021
US$100m hedge
Nov 2021
US$105m IDR
bond
Feb 2022
US$207m IDR
bond
2023
Pre feasibility study to complete
Jan 2023
Transferred
AIM from MDKA to MBM
Apr 2022
US$235m CATL
Nov 2022
Achieved BBB
MSCI ESG
rating
Aug 2022
US$260m AIM
financing
Aug 2022
US$29m VAT
financing
Sep 2022
US$269m IDR
bond raised
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