Merdeka Copper Gold
INDONESIA’S NEW WORLD CLASS MINING COMPANY
Gold – Copper – Silver
PT Merdeka Copper Gold
JK : MDKA
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