Nusantara Resources Company Profile

NUSANTARA RESOURCES

STOCK OVERVIEW

COMPANY EXPOSURE

Gold

COMPANY LISTING

Nusantara Resources

STOCK CODE

ASX:NUS

COMPANY OVERVIEW

Nusantara Resources Limited listed on the Australian Securities Exchange in August 2017 raising A$16.2M. The company is focused on growing shareholder value by developing and operating gold projects within the Asia-Pacific region. Nusantara owns a 100% interest in the Awak Mas Gold Project located in the Luwu Regency of South Sulawesi Province, Indonesia.

Discovered in 1988, the Awak Mas Gold Project has had some 130 km of drilling with over 1,050 holes drilled and currently hosts an open pit Indicated and Inferred Resource of 38.4 Mt at 1.41 g/t Au for 1.74 Moz prepared in accordance with JORC 2012 (May 2017).

The Company is undertaking resource drilling which has the potential to significantly increase the resource inventory and in addition, exploration drilling is planned to test extensional and regional targets. Historic mining, metallurgical and infrastructure test work and studies provides a solid foundation for the Definitive Feasibility Study which is planned to be completed by mid-2018 in advance of a final investment decision expected for mid-late 2018.

SHARE PRICE PERFORMANCE

AWAK MAS GOLD PROJECT

• 1.74 Moz Au Mineral Resource
• 100% owned
• Fast-track, low-cost and long-life operation
• Resource expansion drilling and DFS underway
• Exploration potential with significant value upside
• Established infrastructure

VALUE UNLOCKED

• New geology and resource model
• Low-cost grid power
• Whole of Ore CIL
• Improved gold recovery:90 – 94%
• Project approvals in place
• Exploration project underway

 

LATEST ANNOUNCEMENTS

CONTACT DETAILS

WEBSITE: www.nusantararesources.com

EMAIL:  info@nusantararesources.com

KEY FINANCIALS

TOP SHAREHOLDERS

Lion Manager Pty Ltd:
32%

AustralianSuper Pty Ltd:
10%

Macquarie Group Ltd.:
5%

Silver Pine Capital Ltd. (Zhaojin Mining):
4%

Top 10 Shareholders:
66%

 

TEAM

Martin Pyle
Chairman

Mike Spreadborough
Managing Director

Boyke Abidin
President Director Indonesia

Rob Hogarth
Non-Executive Director

Craig Smyth
Chief Financial Officer

Colin McMillan
General Manager Geology