Investor Presentaiton
Merdeka Introduction
MERDEKA
COPPER GOLD
MDKA today consists of five main assets which, in order of management's assessment of future
value, are as follows:
1. Tujuh Bukit Copper/Gold Project ("TB Copper Project")
5 Main Assets
2.
Pani Joint Venture ("Pani JV Project") - new expansion project
3.
Wetar / Morowali Acid Iron Metal ("AIM Project") - new expansion project
4.
Tujuh Bukit Gold Production ("TB Gold mine")
Merdeka's
Competitive
Advantage
Established &
Proven Gold &
Copper Operations
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3 Transformational
Development
Projects
Underpinned by
Substantial
Resources
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5. Wetar Copper Production ("Wetar Copper mine")
In 2019 Tujuh Bukit produced 223,042 ounces of gold at US$620 all in sustaining cost ("AISC")
In H1 2020 Tujuh Bukit produced 108,823 ounces of gold at US$648 AISC
In 2019 Wetar produced 16,777 tonnes of Copper at US$1.86/lb AlSC
In H1 2020 Wetar produced 2,926 tonnes at US$4.33/lb AISC
Copper production will remain low while strategic review of Wetar is completed, and plan
implemented in H2 2020
Strong safety, environmental and community relations credentials. 1 Long Term Injury (LTI) in past
2 years with 27 million hours worked
Tujuh Bukit Copper is a leading orebody with the potential to produce 70,000 to 90,000 tonnes of
copper and 200,000 to 300,000 ounces of gold per annum for more than 20 years. Pre-feasibility
study to be completed in H2 2021
Combined resources at the Pani JV Project have the potential to produce in excess of 250,000
ounces of gold per annum for more than 15 years. Pre-feasibility study to be completed in H2
2021. Rapid open pit CIL development
AIM Project is a multi-commodity development project expected to produce more than US$200m of
revenue per annum over 20 years. Feasibility study will be completed in Q4 2020
Geologically, Indonesia possesses rich mineral resources and is a significant player in the global
mining industry with a track record of developing successful projects
Strong Cash
Generation and
Ability to Finance
and Develop
Projects
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Developed Tujuh Bukit gold on target and consistently exceeded guidance
Strong cornerstone shareholders who have significant experience in developing growth businesses
in Indonesia
Multiple well supported international bank financings achieved
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