PT Merdeka Gold Resources Tbk (MGR/Company) announces that it has formally submitted a listing application (Form A1) to The Stock Exchange of Hong Kong Limited on 20 March 2026, in accordance with applicable regulations. In connection with the application, UBS Securities Hong Kong Limited and CITIC Securities (Hong Kong) Limited have been appointed as joint sponsors to support the listing process.
This step reflects the next phase in MGR’s journey to expand its access to global markets, following the successful listing of its shares on the Indonesia Stock Exchange (IDX: EMAS).
As the Company’s operations continue to grow, access to international investors has become increasingly relevant—not only to enhance share trading liquidity, but also to provide greater flexibility in accessing capital to support long-term growth. This initiative is undertaken in the best interests of the Company, while remaining subject to applicable regulatory requirements and prevailing market conditions.
On the operational front, MGR continues to demonstrate steady progress through the development of the Pani Gold Mine in Pohuwato Regency, Gorontalo Province. The project is expected to rank among the top two primary gold mines in Asia by production by 2030.
The Company has achieved several key milestones, including its first gold pour in February 2026 and its first gold sale in March 2026 to PT Aneka Tambang (Persero) Tbk (IDX: ANTM), pursuant to a two-year domestic gold sales agreement. These milestones mark the commencement of commercial gold production and represent a significant step forward in the Company’s operational journey.
“The submission of our listing application to HKEX represents an important milestone following our successful IPO on the Indonesia Stock Exchange in September 2025 and the commencement of production at Pani earlier this year,” said President Director of PT Merdeka Gold Resources Tbk, Boyke Poerbaya Abidin. “We remain focused on safely ramping up operations and delivering long-term value, while enhancing our access to international capital markets.”
In connection with the application, a redacted draft application proof of the listing document has been published on the official website of the Hong Kong Stock Exchange for information purposes only. The document provides a detailed overview of the Company’s business, operations, financial condition, and risk factors. However, it is not in final form and remains subject to regulatory review and revision, and should not be relied upon as a basis for any investment decision.
MGR also emphasizes that this application does not constitute an offer to sell or a solicitation to purchase any securities (including shares or other investment instruments), nor does it constitute a public offering under the prevailing laws and regulations of the Indonesian capital market.
Shareholders and potential investors are advised to exercise caution, as the proposed listing remains subject to various factors, including regulatory approvals and market conditions, and there is no assurance that the process will proceed or be completed. MGR will make further announcements as appropriate in accordance with applicable regulations.
Photo: President Director of MGR, Boyke P. Abidin, observes the release of doré bullion during the first gold pour, marking an initial milestone in the Company’s gold production.
