Investor Presentaiton

Indonesia: Right Geological Address MERDEKA COPPER GOLD Indonesia is a significant player in the global mining industry, with significant production of coal, copper, gold, tin, bauxite and nickel • As of 2018, Indonesia held 51 million metric tons of copper resources, the fifth largest in the world The country also holds substantial gold reserves, with world class gold assets such as Grasberg, Tujuh Bukit, Batu Hijau and Martabe Toka Tindung ⚫Resources: 4.0 M oz Au Annual production: 132 k oz Au Produced 1.2 M oz Au since 2012 Martabe •Resources: 7.6 M oz Au •Annual production: 355 k oz Au •Produced 1.9 M oz Au since 2012 US$1.2b acquisition by Pama (Jardines) in 2018 Project AIM Tujuh Bukit 30 M oz Au 8.75 Mt Cu Gosowong Produced 5.7 M oz Au since 2000 Elang 19.7 M oz Au 5.9 Mt Cu Grasberg (Freeport) ⚫Resources: 37.2 Mt Cu, 97.7 M oz Au Annual production: 275 kt Cu, 863 k oz Au · • Produced 15.5 Mt Cu, 53.9 M oz Au since 1987 ⚫Will be the world's largest block cave mine Wetar 0.3 Mt Cu Pani IUP: 2.37 M oz Au COW: 2.30 M oz Au Batu Hijau Resources: 3.8 Mt Cu, 9.0 M oz Au Annual Production: 143 kt Cu, 533 k oz Au ⚫Produced 3.6 Mt Cu, 8 M oz Au since 1999 US$1.3b acquisition of 48% by PT Amman in 2016 4

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