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Pani Gold Project

Pani Gold Project area in Pohuwato, Gorontalo, Sulawesi Island, Indonesia. [Photo: PETS]
The Pani Gold Project is large, disseminated low sulphidation epithermal related gold deposit located in Gorontalo, Indonesia. In May 2023, Merdeka announced a Mineral Resource Estimate for the Pani Gold Project of 275.8 million tonnes at a grade of 0.75 grams per tonne of gold containing 6.63 million ounces of gold. This estimate is an increase from the previous estimate of 6.35 million ounces.

This Mineral Resource Estimate (MRE) is the second estimate of the combined resources between the Pani IUP and the Pani CoW located in the Baganite Zone, after the previous estimate was announced in February 2023. The latest drilling in the May 2023 MRE reached 126 drill holes for 31,890 meters, along with an additional 21 incomplete holes for 4,527 metres. The total drilling included in the MRE was 1,063 drill holes for 201,237 metres. Drilling will continue for the remainder of 2023 with a target of around 70,000 meters. The Mineral Resource Estimates will be updated again in late 2023.

The Feasibility Study is scheduled to be completed by the end of Q3 2023 and the results will be announced in Q4 2023. The investment decision for project development will be made after the completion of the Feasibility Study.

In addition to continuing drilling for the next Mineral Resource Estimation, the Pani Gold Project is constructing roads, accommodations, facilities, and supporting infrastructure which are scheduled for completion in Q3 2023.

The Pani Gold Project is located in Buntulia District, Pohuwato Regency, Gorontalo Province.

The project area can be reached via commercial flights to the provincial city of Gorontalo, Sulawesi. Through the Trans-Sulawesi Toll Road, a road trip of about 130 km can be reached in a 4-hour drive from Gorontalo to Marisa City. The Pani Gold Project can be reached via a 5-kilometer paved road from Marisa City to Hele City, and after that another 10 km drive to the project site.

Managed by:
PT Pani Bersama Jaya, PT Pani Bersama Tambang, PT Puncak Emas Gorontalo, PT Puncak Emas Tani Sejahtera, and PT Gorontalo Sejahtera Mining. PT Merdeka owns a 70% effective economic and equity interest in the Pani Gold Project (April 2023).

Location:
Buntulia District, Pohuwato Regency, Gorontalo Province, Sulawesi, Indonesia.

Document

Investor Presentation

2023

MDKA Investor Presentation - 26th Credit Suisse Asian Investment Conference (March 2023)3.8 MB24 March 2023MDKA Investor Presentation: CLSA ASEAN Forum - March 20233.7 MB11 March 2023Credit Suisse 14th ASEAN Conference (January 2023)5.2 MB9 January 2023

2022

Investor Presentation - Q2 20225.3 MB20 September 2022Investor Presentation: J.P. Morgan ASEAN CEO-CFO Forum – 5 September 20223.5 MB6 September 2022Investor Presentation Q4 2021 - February 20221.6 MB10 June 2022Investor Presentation – Q1 20222.8 MB25 May 2022Investor Presentation – April 20223.3 MB11 April 2022Investor Presentation: Nickels – March 20221.8 MB28 March 2022

2021

Investor Presentation – Q3 December 20214.0 MB9 December 2021Investor Presentation – Q2 September 20214.6 MB14 September 2021Investor Presentation – Q2 August 20214.6 MB11 August 2021Press Release: Bumi Suksesindo – 14 June 2021476.3 KB14 June 2021Investor Presentation – Q1 June 20214.7 MB7 June 2021Paparan Publik – 25 Mei 20212.2 MB25 May 2021Press Release: AIM Project – 26 April 20211.2 MB26 April 2021Investor Presentation – February 20212.8 MB4 February 2021Press Release: AIM Project – 3 February 2021965.6 KB3 February 2021Investor Presentation – January 20212.9 MB5 January 2021

2020

Public Expose – September 20201.1 MB10 September 2020Meet Your Company ManSek – 9 September 20201.1 MB10 September 2020Investor Presentation – August 20202.3 MB6 August 2020Investor Presentation – July 20202.1 MB7 July 2020Investor Presentation – April 20201.9 MB9 April 2020Investor Presentation – February 20201.0 MB7 February 2020

2019

Investor Update: Partolang Maiden Resource – June 20195.7 MB19 June 2019Investor Presentation – June 20193.6 MB19 June 2019Investor Day: Merdeka Mining Servis – May 20193.5 MB23 May 2019Investor Day: Wetar Project – May 20193.1 MB16 May 2019Investor Day: Tujuh Bukit Site Visit – May 2019362.5 KB16 May 2019Investor Day: External Affairs – May 20195.6 MB16 May 2019Investor Day: Introduction – May 2019362.5 KB16 May 2019Investor Update – March 20193.3 MB5 March 2019

2018

2017

Production Guidance Update – December 2017215.3 KB6 December 2017Investor Update: London Mines & Money – November 20175.5 MB27 November 2017Investor Update: Asia’s Newest Major Gold Producer – April 20172.2 MB3 April 2017

2016

Investor Update: NDR Presentation Singapore/Hongkong – March 20164.2 MB18 March 2018Investor Update: Tujuh Bukit Oxide Heap Leach Project Update – March 2016893.8 KB19 March 2016

Prospectus

2023

Prospectus: Abridged Additional Information of Public Offering of Shelf Bonds IV MDKA Phase II 20235.4 MB1 March 2023Additional Information and/or Adjustment of the Abridged of Additional Information PUB IV MDKA Phase II 2023844.3 KB17 February 2023

2022

Prospectus: Public Offering of Shelf Bonds IV MDKA Phase I 20229.3 MB8 December 2022Prospectus: Additional Information of Public Offering of Shelf Bonds III MDKA Phase III 20221.8 MB26 August 2022Prospectus: Amendment of Abridged Additional Information of Public Offering of Shelf Bonds III MDKA Phase III 2022548.3 KB26 August 2022Prospectus: Abridged Additional Information of Public Offering of Shelf Bonds III MDKA Phase III 2022736.2 KB12 August 2022Prospektus: Additional Information PUB III MDKA Phase II 20222.6 MB25 April 2022Prospectus: Abridged Additional Information of Public Offering of Shelf Bonds III MDKA Phase II 2022629.3 KB12 April 2022Prospectus: Additional Information and/or Amendment of Abridged Prospectus on the Limited Public Offering for Right Issue II208.7 KB7 April 2022Prospectus: Limited Public Offering (LPO) II MDKA 20224.0 MB7 April 2022Prospectus: Additional Information and/or Amendment of Abridged Prospectus on the Limited Public Offering for Right Issue II 2022309.5 KB6 April 2022Prospectus: Public Offering of Shelf Bonds III MDKA Phase I 20225.1 MB24 February 2022Prospectus: Brief Prospectus Limited Public Offering II MDKA 2022276.6 KB23 February 2022

2021

Prospectus: Additional Information Public Offering of Shelf Bonds II Phase II MDKA 20212.8 MB15 November 2021Prospectus: Additional Information and Adjustment of the Brief of Additional Information Public Offering of Shelf Bonds II MDKA Phase II 2021638.9 KB3 November 2021Prospectus: Public Offering of Shelf Bonds II Phase I MDKA 20214.7 MB23 March 2021

2020

Prospectus: Public Offering of Shelf Bonds Phase I MDKA 20202.7 MB4 September 2020Prospectus: Additional Information Public Offering of Shelf Bonds I Phase II MDKA 20205.6 MB24 July 2020

2018

Prospectus: Limited Public Offering I MDKA 20183.1 MB8 August 2018

2015

Prospectus: Initial Public Offering MDKA 20159.0 MB11 June 2015

Exploration Report

2023

2022

Quarterly Exploration Report - December 20221.5 MB10 January 2023Quarterly Exploration Report - September 20221.3 MB11 October 2022Quarterly Exploration Report - July 202210.0 MB11 July 2022Quarterly Exploration Report - April 20221.7 MB11 April 2022

2021

Exploration Monthly Report - December 20211.6 MB10 January 2022Exploration Monthly Report - September 2021925.2 KB11 October 2021Exploration Monthly Report - July 20211.1 MB9 July 2021Exploration Monthly Report - April 20211.0 MB12 April 2021Exploration Monthly Report - January 2021691.3 KB12 January 2021

2020

Exploration Report – December 2020713.9 KB12 January 2021Exploration Report – November 2020713.6 KB11 December 2020Exploration Report – October 2020869.0 KB12 November 2020Exploration Report – September 2020878.3 KB12 October 2020Exploration Report – August 2020873.9 KB10 September 2020Exploration Report – July 2020755.6 KB12 August 2020Exploration Report – June 2020741.8 KB10 July 2020Exploration Report – May 2020759.6 KB12 June 2020Exploration Report – April 2020756.4 KB12 May 2020Exploration Report – March 2020757.5 KB10 April 2020Exploration Report – February 2020904.2 KB11 March 2020Exploration Report – January 2020915.7 KB12 February 2020

2019

Exploration Report – December 2019922.9 KB12 January 2020Exploration Report – November 2019937.2 KB11 December 2019Exploration Report – October 2019897.6 KB12 November 2019Exploration Report – September 2019763.2 KB11 October 2019Exploration Report – August 2019853.3 KB10 September 2019Exploration Report – July 2019741.1 KB12 August 2019Exploration Report – June 2019685.4 KB12 July 2019Exploration Report – May 2019530.9 KB12 June 2019Exploration Report – April 2019673.6 KB10 May 2019Exploration Report – March 20191.1 MB15 April 2019

Press Release

2023

Pani Gold Project - Resource Upgrade2.3 MB25 May 2023Tujuh Bukit Copper Project PFS Results1.8 MB15 May 2023Press Release: Merdeka Announces FY 2022 Results201.1 KB2 May 2023Pani Gold Project - April 2023 Drill Results3.0 MB26 April 2023Corporate Update - PT Merdeka Battery Materials165.2 KB18 April 2023TB CP March 2023 Drill Results2.3 MB14 April 2023Corporate Update - PT Merdeka Battery Materials133.6 KB17 March 2023Pani February 2023 Mineral Resource Estimate1.9 MB13 February 2023Transition and Leadership Change381.5 KB1 February 2023Corporate Update - PT Merdeka Battery Materials467.4 KB5 January 2023TB CP December 2022 Drill Results2.7 MB5 January 2023

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

2020

Tujuh Bukit Copper Drill Results Released – December 20201.8 MB15 December 2020MDKA Announcement 29 Sep 2020 HLP at TBO Update671.3 KB29 September 2020Press Release TB Operations Update 15 Sep 2020450.7 KB15 September 2020Announcement: Heap Leach Pad Incident at Tujuh Bukit Operations581.2 KB15 September 2020Q2 2020 TB Copper Drill Results Released1.7 MB31 July 2020Announcement: Water/Morowali Acid Iron Metal Project – 19 February 2020601.6 KB19 February 2020MDKA PSAB Joint Press Release 6 January 2020477.0 KB6 January 2020

2018

Press Release: Merdeka Acquires Majority Interest in Pani Project1.6 MB9 November 2018

Information Disclosure

2023

Proposed Buyback of the Issued Shares339.0 KB15 May 2023Loan Agreement MBM and ZHN1.1 MB31 March 2023Fee for Put Options between MDKA and MBM975.1 KB14 March 2023Affiliated Transaction of Novation and Amendment and Restatement of Loan Agreement1.1 MB3 March 2023Affiliated Transaction of Sublease Agreement between MIM with MBM, SCM, and MTI1.1 MB1 February 2023Affiliated Transaction of Conditional Shares Sale and Purchase Agreement between MDKA and MBM930.3 KB17 January 2023Affiliated Transaction of Securities Obtained by the Company from Affiliate Parties of the Company848.4 KB3 January 2023Affiliated Transaction of Novation Agreement947.4 KB3 January 2023

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

2021

Disclosure of Information of Settlement of Arbitration Proceedings726.9 KB30 December 2021Disclosure of Information of Affiliated Transactions MDKA & ABI696.1 KB30 December 2021Disclosure of Information of The Proposed Capital Increase with Pre-Emptive Rights Issuance227.9 KB21 December 2021Disclosure of Information of Guarantee Transactions419.4 KB14 June 2021Disclosure of Information for Buyback MDKA144.5 KB16 April 2021Post Announcement PMTHMETD MDKA167.4 KB5 March 2021Pre Announcement PMTHMETD MDKA14.2 KB25 February 2021Disclosure of Information of Acid Iron Metal (AIM) Project2.2 MB16 February 2021Disclosure of Information Arbitration Lawsuit between PBT and JBN1.2 MB3 February 2021

2020

Disclosure Information of Tujuh Bukit130.0 KB15 September 2020Amendment and/or to the Disclosure of Information regarding Shelf Bonds Phase II353.6 KB4 September 2020Additional Information to the Public Offering I phase II 20201.9 MB4 September 2020Additional Disclosure Information on MDKA Share Buyback579.7 KB7 July 2020Publication of MDKA Buyback Information Disclosure517.0 KB22 June 2020The Plan of Shares Buyback637.2 KB22 June 2020Impact of Covid-19 on the Business of PT Merdeka Copper Gold Tbk520.9 KB31 March 2020

2019

Announcement of Schedule of Stock Split450.6 KB14 October 2019Disclosure of Information on the Results of Increse of Capital Without Giving Pre-emptive Rights167.8 KB19 July 2019Announcement of the result of Non Pre-Emptive Result58.5 KB19 July 2019Announcement of Schedule of the Proposed Implementation of Capital Increases Without Pre-Emptive Rights378.9 KB12 July 2019Announcement in Relation to a Proposed Non Pre-Emptive Share Issuance60.8 KB12 July 2019Disclosure of Material Information (Amendment Facility Agreements)288.1 KB27 June 2019Disclosure of Material Information (Facility Agreements)497.4 KB1 April 2019Amendment andor Addendum to the Disclosure of Information in Relation to the Limited Public Offering II for the Capital Increase by the Issuance of Pre-Emptive Right272.7 KB6 March 2019Amendment andor Addendum to the Disclosure of Information in Relation to the Increase of Capital Without Pre-Emptive Right,378.6 KB6 March 2019Disclosure Information on the Rights Issue II67.3 KB31 January 2019Disclosure Information of Non Pre-emptive Rights91.0 KB31 January 2019

2018

Announcement of Management Changes481.3 KB28 September 2022Announcement PANI Acquisition1.6 MB9 November 2018Disclosure Material Information with PT Bumi Suksesindo166.0 KB5 November 2018Affiliated Transation of Loan Agreeement between BSI and MMS (2)497.3 KB5 November 2018Affiliated Transation of Loan Agreeement between BSI and MMS (1)497.3 KB5 November 2018Affiliated Transaction of Amendment I Facility Agreement between MDKA and EFDL335.0 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

2017

Disclosure of Information that the Public Needs to Know About the Fourth Quarter Report of PT Merdeka Copper Gold Tbk MDKA215.3 KB6 December 2017

Mineral Resources and Ore Reserves

Consolidated Mineral Resources and Ore Reserves Statement as of 31 December 2022592.4 KB17 April 2023Consolidated Mineral Resources and Ore Reserves – 31 December 2021758.9 KB31 March 2022Consolidated Mineral Resources and Ore Reserves – 31 December 20201.0 MB31 March 2021Consolidated Mineral Resources and Ore Reserves – 31 December 2019545.8 KB18 April 2020

Drilling Release

Pani Gold Project Drill Results Released – August 20221.1 MB2 August 2022Tujuh Bukit Copper Project Drill Results Released – July 20222.0 MB4 July 2022Pani Gold Project Drill Results Released – April 20222.2 MB26 April 2022Tujuh Bukit Copper Drill Results Released – March 20211.7 MB30 March 2021Tujuh Bukit Copper Drill Results Released – February 20211.9 MB3 February 2021Tujuh Bukit Copper Drill Results Released – December 20201.8 MB15 December 2020Tujuh Bukit Copper Drill Results Released – Juli 20205.3 MB31 July 2020

News

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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