Merdeka Copper Gold Company Profile

Merdeka Copper Gold

Company Exposure

Gold – Copper – Silver

Company Listing

PT Merdeka Copper Gold

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Contact Details

T: +6221 29880393

Company Overview

Merdeka Copper Gold was founded in 2012 and listed on the Jakarta Stock Exchange during 2015.

The Tujuh Bukit asset was constructed during 2016 and in its first 9 months of production in 2017 produced 141,468 at an AISC of US$ 425. Merdeka plans to produce 150,000 to 170,000 ounces of gold from Tujuh Bukit in 2018 at an AISC of US$ 550 to 650 per ounce of gold.

A Pre-Feasibility Study has commenced on the Upper High Grade portion of a 1.9 billion tonne porphyry copper gold resource at Tujuh Bukit that underlies the existing oxide gold production asset.

During Q1 2018 Merdeka acquired a 85% interest in Finders which owns a 75% interest in the Wetar Copper Mine which is expected to produce 22,000 to 24,000 tonnes in 2019. During Q4 2018, Merdeka also acquired a 66.67% interest in the Pani project which has a current JORC resource of 90 mt at .82 g/t gold for 2.4 m ounces

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* Information in profile correct as of January 2019