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Pani Gold Project

Pani Gold Project area in Pohuwato, Gorontalo, Sulawesi Island, Indonesia. [Photo: PETS]
The Pani Gold Project in Pohuwato, Gorontalo, is a combination of two adjacent areas under PT Puncak Emas Tani Sejahtera (PETS) based on the Mining Business License (IUP) for Production Operations and PT Gorontalo Sejahtera Mining (GSM) under the Pani Project Contract of Work. PT Merdeka Copper Gold Tbk controls the Pani Gold Project through its 83.35% ownership in PT Pani Bersama Jaya, the subsidiary that holds Pani’s IUP and through its 50.1% stake in PT Andalan Bersama Investama (ABI) which has a Contract of Work.

The joining of the Pani Gold Project will allow the combined resources of the Pani IUP and the Pani Contract of Work to be developed into a single gold project with a combined existing resource of 4.7 million ounces of gold.

The Pani Gold Project has the potential to produce 250 thousand ounces of gold per year for 15 years; a number that could continue to grow upon further exploration.

Currently, the Pani Gold Project is in the early construction stage and exploration, both initial exploration in the border area between the GSM and PETS deposits and re-definition in the PETS deposit area to update the previous mineral resource estimate. Both of them, together with a feasibility study and adjustments to several permits, are carried out to facilitate the sustainability of the Pani Gold Project which is estimated to be operational in 2025.

The Pani Gold Project is located in Buntulia Sub-District, Pohuwato District, Gorontalo Province; about 29 km from the city of Marisa or a four-hour road trip from Gorontalo City, the capital city of Gorontalo Province on Sulawesi, Indonesia.

Managed by:
PT Puncak Emas Tani Sejahtera (PETS), PT Pani Bersama Tambang (PBT), and PT Gorontalo Sejahtera Mining (GSM).

Location:
Pohuwato, Gorontalo, Sulawesi, Indonesia.

Investor Presentation

2018

Prospectus

2023

Exploration Report

2023

Press Release

2022

Pani December-2022 Drill Results2.2 MB31 December 2022Press Release: Merdeka Announces 9M 2022 Results211.6 KB16 December 2022Tujuh Bukit Copper Project Update1.1 MB17 October 2022Wetar Oct 2022 Exploration Results Release1.8 MB5 October 2022Merdeka Battery Materials Senior Leadership Appointments221.6 KB21 September 2022Press Release: Merdeka Announces 1H 2022 Results202.4 KB12 September 2022New Drilling Results from Tujuh Bukit Gold Mine Extend Known Mineralisation - 1 September 20221.5 MB1 September 2022Pani August 2022 Drill Results1.1 MB2 August 2022TB CP June 2022 Results Release2.0 MB4 July 2022Press Release: Merdeka Completes Pre-emptive Rights Issue – 19 May 2022159.9 KB19 May 2022Press Release: Merdeka Completes Investment in New RKEF Smelter – 19 May 2022160.3 KB19 May 2022Press Release: Merdeka Q1 2022 Results Recorded all-time high quarterly EBITDA – 17 May 2022196.4 KB17 May 2022Pani April 2022 Drill Results2.2 MB26 April 2022Press Release: Major Nickel Acquisition – 28 March 2022278.7 KB28 March 2022Press Release: PT Merdeka Copper Gold Tbk Successfully Issues a 3 Trillon Rupiah Bond – 15 March 2022141.9 KB15 March 2022Press Release: PT Merdeka Copper Gold Tbk Moves to 70% Economic Interest in the Pani Gold Project – 4 March 2022771.8 KB4 March 2022Siaran Pers: Hasil PT Merdeka Copper Gold Tbk 2021 Melampaui Target – 23 Februari 2022661.4 KB23 February 2022Press Release: Further Strong Drilling Results from Tujuh Bukit Copper Project – 11 February 20222.0 MB11 February 2022Press Release: Further Strong Drilling Results from the Wetar Copper Project, Partolang Barat Deposit – 2 February 20222.2 MB2 February 2022

2021

Press Release: Acquire Majority Interest in Pani Gold Project – 30 December 2021271.2 KB30 December 2021Press Release: Strategic Partnership with BRUNP CATL – 21 December 2021178.6 KB21 December 2021Siaran Pers: Hasil 9M 2021 – Peningkatan Produksi Peningkatan Keuangan – 30 November 2021630.2 KB30 November 2021Siaran Pers: Hasil H1 2021 – Peningkatan Produksi Peningkatan Keuangan – 25 Agustus 2021195.8 KB25 August 2021Press Release: Further Strong Drilling Results from Tujuh Bukit Copper Project – 4 August 20212.0 MB4 August 2021Press Release: Latest Drilling from Tujuh Bukit Copper Project – 14 June 20212.0 MB14 June 2021Press Release: Moves to 100% Ownership of the Wetar Copper Mine – 2 June 2021728.4 KB2 June 2021Siaran Pers: Hasil Q1 2021 – Posisi Keuangan Kuat dan Sehat – 19 Mei 2021628.4 KB19 May 2021Announcement: Update on Heap Leach Pad Incident and Reinstatement at Tujuh Bukit Gold Mine – 28 April 2021676.5 KB28 April 2021Press Release: Further Strong Drilling Results from Tujuh Bukit Copper Project – 30 March 20211.7 MB30 March 2021Siaran Pers: Perjanjian Usaha Patungan dengan Eternal Tsingshan Group Limited700.9 KB16 February 2021Tujuh Bukit Copper Drill Results Released – February 20211.9 MB3 February 2021Pemeringkatan Obligasi Berkelanjutan I Tahap I dan II Tahun 2020 – 7 Januari 2021146.1 KB8 January 2021Press Release: Continued Strong Drilling Results from Tujuh Bukit Copper Project – 3 February 20201.9 MB3 February 2020MDKA and PSAB Joint Announcement: Pani Gold Project477.0 KB6 January 2020

Information Disclosure

2022

Affiliated Transaction of the Deed of the Merger between PBJ and ABI1.5 MB20 December 2022Affiliated Transaction of Conditional Shares Subscription Agreement between BPI and MBM1.0 MB12 December 2022Affiliated Transaction of Conditional Shares Subscription Agreement between MEN and MBM1.0 MB12 December 2022Affiliated Transaction of Services Provision Agreement between MMS and GSM908.3 KB3 November 2022Affiliated Transaction of Contract of Design Engineering and Mining Construction Services between SCM and MMS991.5 KB21 October 2022Affiliated and Material Transaction of Capex Facility and Put Option670.5 KB2 September 2022Affiliated Transaction of Parent Support Facility Agreement between MDKA and MTI635.9 KB25 August 2022Material Transaction of Amendment and Restatement of the Bridge Facility Agreement between MDKA and MTI680.0 KB18 August 2022Material Transaction between MDKA and MBM5.8 MB2 August 2022Affiliated Transaction of Project Expansion Bridge Facility Agreement between MDKA and MTI959.1 KB1 August 2022Additional Capital Increase in HLN by BTA716.8 KB1 July 2022Affiliated Transaction of Shares' Sale and Purchase of JPI between BTA and HLN460.3 KB1 July 2022Second Amendment to the Conditional Advance of Capital Payment Agreement between the Company and BTA1.6 MB30 June 2022Amendment and/or Addition to the Disclosure of Information regarding Plan of Capital Increase without PreEmptive Rights Issuance321.2 KB7 June 2022First Amendment to the Conditional Advance of Capital Payment Agreement between the Company and BTA799.1 KB24 May 2022Affiliated Transaction of Loan Agreement between MDKA and PPM296.9 KB19 May 2022Proposed Capital Increase Without Pre-Emptive Rights Issuance570.6 KB4 May 2022Proposed Buyback of the Issued Shares374.7 KB4 May 2022Affiliated Transaction of Loan Agreement between MDKA and PBJ1.0 MB12 April 2022Affiliated Transaction of Loan Agreement between MDKA and ABI1.0 MB12 April 2022Material Transaction of the Conditional Advance of Capital Payment MDKA-BTA195.2 KB28 March 2022Material Transaction of the Conditional Shares Subscription of HLN217.1 KB28 March 2022Disclosure of Information on The Purchase of Partial Shares Owned by Lion Selection Asia Limited Shares in PT Pani Bersama Jaya by the Company926.6 KB4 March 2022Disclosure of Information on Completion of Conditional Shares Subscription Agreement1.8 MB4 March 2022Disclosure of Information of Affiliated Transactions between MDKA and MTI (CAPEX Facility)729.5 KB7 February 2022Affiliated Transactions of Parent Support Facility Agreement between MDKA and MTI730.4 KB7 February 2022

2018

Announcement of Management Changes481.3 KB28 September 2022Announcement PANI Acquisition1.6 MB9 November 2018Disclosure Material Information with PT Bumi Suksesindo166.0 KB5 November 2018Disclosure Material Information Acquisition of PANI Group497.3 KB5 November 2018Disclosure Information in Relation to Affiliated Transaction November (1)497.3 KB5 November 2018Disclosure Information in Relation to Affiliated Transaction November (2)335.0 KB5 November 2018Disclosure Information in Relation to Affiliated Transaction557.2 KB22 October 2018Change of the composition of Board of Directors and Board of Commissioners625.1 KB24 September 2018Prospectus: Limited Public Offering I with Pre-Emptive Right August 20183.1 MB8 August 2018The Additional Information and or the Revision on the Summary of the Prospectus Limited Public Offering I August 20181,017.8 KB8 August 2018Summary of Prospectus of PUT I with Pre-Emptive Right June 2018706.7 KB21 June 2018Disclosure Information on The Affiliated Transaction Assignment of Sponsor Loan204.0 KB2 May 2018Disclosure Information on The Affiliated Transaction Novation of Saratoga202.9 KB2 May 2018Disclosure Information on The Affiliated Transaction Novation of Provident202.1 KB2 May 2018Disclosure Information on The Material Transaction Put Option425.1 KB18 April 2018Disclosure Information on The Change of Business Activities154.1 KB12 April 2018The Disclosure of Additional Information in Relation to The Proposed Capital Increase with Pre-emptive Right Issuance96.6 KB12 April 2018Disclosure Information on The Affiliated Transaction191.3 KB3 April 2018The Disclosure Information to the Shareholders of PT Merdeka Copper Gold Tbk in Relation to The Proposed Capital Increase with Pre-Emptive Rights Issuance134.6 KB22 March 2018Tujuh Bukit Oxide Project Update1.3 MB27 February 2018
From the helipad area of the Baganite Camp, Simon J. Milroy, Vice President Director and CEO of Merdeka, saw all the camp infrastructure that will serve as the temporary work base for the exploration team. [PHOTO: PETS]

Pani Gold Project Starts to Shine

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