Investor Presentaiton

• • • • . . Company Overview Listed Indonesian Stock Exchange - MDKA 1. Gold Heap Leach Project Low Capex, Low Opex & Low Risk Funded, Permitted and in Construction Initial CAPEX US$126.9m Reserve mine life 9 years - 97,500 oz Au Eq per year Cash Costs <$500/oz Fully funded and permitted (incl. forestry) through to production start NPV5 US$254m Production starts Q4 2016 Operational cash flows provide "internal funding" to pursue the Porphyry Copper Project • 2. Porphyry Copper Project Sub-level Cave Copper / Gold / Molybdenum Mineral Resource - 1,900 Mt @ 0.45% Cu, 0.45 g/t Au 90 g/t Mo (0.2% Cu COG) Upper High Grade Zone - 260 Mt @ 0.8% Cu, 0.8 g/t Au, 160 g/t Mo Sub-level cave mining - 6mtpa expanding to 12mtpa 25 year mine life Initial CAPEX US$850m - $1,000m Valuation range US$350m – US$1bn MERDEKA COPPER GOLD 3. Growth Options Identified and executable options to fast track overall growth Indonesia is one of the world's top mineral locations Strategic Indonesian Shareholders seen as "preferred partners" Potential aggregation strategy can deliver additional growth options Strategic Indonesian Shareholders (control 50% plus of the company) Saratoga Group (Edwin Soeryadjaya), Garibaldi "Boy" Thohir and Provident Group Permitting, Government & Community Relations, Project Funding Resolved and settled all historical project ownership and forestry issues Shareholders demonstrated track record with international banks and funds via two outstanding IDX listed companies PT Tower Bersama Tbk PT Adaro Energy Tbk PT Merdeka Copper Gold Tbk. 4

View entire presentation