Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Q1 2022 Earnings Presentation
33 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, May 2022
Slide 1: Q1 2022 Update
PT Merdeka Copper Gold Tbk Q1 2022 Update May 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Copper Gold Tbk (“Merdeka” or “MDKA”) and consists of written materials/slides for a presentation concerning Merdeka. By reviewing/attending this presentation, you agree to be bound by the following considerations: No representation or war
Slide 3: Merdeka Overview
Merdeka Overview Z MERDEKA@# COPPER GOLD
Slide 4: MDKA: Portfolio Snapshot
MDKA: Portfolio Snapshot Pani Gold Project1 Resources : 4.7 Moz Au AIM Project Multi-commodity project (Cu, Au, Ag, Fe, S, Zn) SCM Nickel/Cobalt Mine2 • Resources : 13.8 Mt Ni, 1.0 Mt Co • JV partner in 3 RKEF plants located at IMIP. Total capacity of 88ktpa of Nickel Wetar1 Resources: 0.2 Mt Cu IKI
Slide 5: MDKA: Introduction
MDKA: Introduction MDKA today consists of six main assets, which are in order of importance, as follows: •1 Tujuh Bukit Copper/Gold Project (“TB Copper Project”) • 1.8bt at 0.46% Cu containing 8.2Mt copper resource and at 0.50 g/t Au containing 28.6 million oz gold resource1 •2 Nickel Mining and Ref
Slide 6: ESG & Sustainability
ESG & Sustainability MDKA’s 2021 Sustainability Report compilation was initiated during the quarter with ESG content being compiled from MDKA’s respective sites. The Sustainability Report development plan includes an independent review to verify content against GRI Standards, with the final Sustaina
Slide 7: Strong and Sound Financial Position
Strong and Sound Financial Position Revenue (US$m) EBITDA (US$m) Net Debt (US$m)1 Hedging 497 2022 49,217 ounces 402 228 381 221 Apr – at 322 Dec US$1,864/oz 294 Gold 158 150 2023 10,609 ounces 105 229 Jan – at 185 166 June US$1,842/oz 123 151 2022 3,000 tonnes Copper Apr – at Sep US$9,934/t 2018 20
Slide 8: Acquisition of Nickel Mining and Refining Assets
Acquisition of Nickel Mining and Refining Assets
Slide 9: Acquisition of a World Class Nickel Mine Project and Nickel Smelters
Acquisition of a World Class Nickel Mine Project and Nickel Smelters • Merdeka is pleased to announce the acquisition of a world class nickel mine project and nickel smelters, this includes stakes in the following: o SCM, the world’s largest undeveloped nickel resource set to commence production in
Slide 10: Transaction Structure
Transaction Structure Merdeka, through its subsidiary PT Batutua Tambang Abadi (“BTA”), has entered into a conditional share subscription agreement for a 55.67% equity interest to invest in HLN1. HLN has completed the acquisition of 95.3% of PT J&P Indonesia (“JPI”), 100% of PT Jcorps Industri Miner
Slide 11: Strategy for Development of Acquisition Assets
Strategy for Development of Acquisition Assets The SCM Mine will supply saprolite ore to RKEF plants producing nickel pig iron. The SCM Mine will also supply limonite ore to HPAL plants at IMIP producing Mixed Hydroxide Precipitate (“MHP”) - used in battery production • SCM will be a low cost and lo
Slide 12: Large Long-Life Resource
Large Long-Life Resource SCM is the world’s largest undeveloped nickel resource based on publicly available information World Nickel Resources 2.200 Sudbury 2.000 Pomalaa East 1.800 Tapunopaka Pomalaa Gag Island Bugotu Nakety/Moneo 1.600 Southern Samar Biankouma-Sipilou Weda Bay 1.400 Goro Hanking G
Slide 13: Established Nickel Pig Iron Smelters
Established Nickel Pig Iron Smelters CSI Smelter and BSI Smelter are jointly owned and operated with Tsingshan at IMIP. They are both fully operational and have a combined nameplate capacity of ~38,000 tonnes of nickel per year Summary • Both CSI smelter and BSI smelter were built by Tsingshan in 20
Slide 14: Overview of IKIP – Future Industrial Park
Overview of IKIP – Future Industrial Park The Indonesia Konawe Industrial Park (“IKIP”) is in the planning and feasibility phase - the industrial park will be focused on HPAL technology, benefiting from SCM’s large limonite resource IKIP IMIP IKIP will be built inside SCM’s IUP Large Site and is exp
Slide 15: Producing Assets and Development Projects
Producing Assets and Development Projects
Slide 16: Tujuh Bukit Gold Mine
Tujuh Bukit Gold Mine Production Information Operational & Financial Performance 2019 2020 2021 Q1-22 Mining Method Conventional open pit Unit Actual Actual Actual Actual Metals Gold and silver Open Pit Mining Ore Mined Mt 7.4 6.7 6.5 2.1 Mineralisation Type High sulphidation epithermal Waste Mined
Slide 17: TB Copper Project Leading Underground Copper/Gold Deposit
TB Copper Project Leading Underground Copper/Gold Deposit Perspective View: CPY and BCC Domains 1 Underground Decline 1,890 metre long exploration decline Successfully completed in June 2020 2 2021 Resource (1) 1,784 Mt @ 0.46% Cu & 0.50 g/t Au 1 Underground Decline (Containing approx. 8.2Mt Cu & 28
Slide 18: Wetar Copper Mine
Wetar Copper Mine Production Information Operational & Financial Performance Mining Method Conventional open pit 2019 2020 2021 Q1-22 Unit Actual Actual Actual Actual Metals Copper Open Pit Mining Mineralisation Type Volcanogenic massive sulphide (“VMS”) Ore Mined Mt 2.3 0.5 2.4 0.6 Waste Mined Mt 3
Slide 19: AIM Project: Processing Overview
AIM Project: Processing Overview AIM is a huge growth opportunity for Merdeka given the nickel developments taking place in Indonesia, which will demand significant volumes of sulphuric acid. Potential for exploration at Wetar to support 2-3 Mt of acid production Wetar IMIP (Maluku Province) (Morowa
Slide 20: AIM Project: in Pictures
AIM Project: in Pictures AIM Acid Tanks and Chloride Plant Construction of MTI concrete batching plant Highlights on site works performed in Q1 2022 • Acid plant perimeter retaining walls reached 90% completion • Piling underway at both the Acid and Chloride Plants • QMB Acid Tank installation is pr
Slide 21: AIM Project: Illustrative Timeline
AIM Project: Illustrative Timeline 21
Slide 22: Pani Gold Project
Pani Gold Project Comments Combined Pani Gold Project Schematic Section • Merdeka’s effective economic ownership in Pani Gold Project is 70% through controlling interests in both PBJ / Pani IUP (~83.35%) and GSM / Pani CoW (~50.1%). • The Pani IUP and Pani CoW mining properties are adjacent to each
Slide 23: Competent Person’s Statements
Competent Person’s Statements
Slide 24: SCM Competent Person’s Statement
SCM Competent Person’s Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr. Mick Elias and Mr. Dmitry Pertel. Mr. Elias is a part-time employee of CSA Global Pty Ltd and Mr. Pertel is a full-time employee of AMC. Mr. Elias is a Fellow of
Slide 25: Merdeka Competent Person’s Statement
Merdeka Competent Person’s Statement The information in this report which relates to Exploration Activities and Exploration Results is based on, and fairly represents, information compiled by Mr Zach Casley, BSc (Hons). Mr Casley is full-time employee of PT Merdeka Copper Gold Tbk. Mr Casley is a ce
Slide 26: Appendices
Appendices Z MERDEKA®® COPPER GOLD
Slide 27: Strong and Reliable Indonesian Shareholders
Strong and Reliable Indonesian Shareholders Existing Shareholding Structure EV: US$6.7b1 EV: US$7.4b1 The shareholders collectively have rich experience in leading and growing businesses in Indonesia, ranging from 1 Track Record in dynamic tech platforms (Gojek) to well established corporates (i.e.
Slide 28: Management with Significant Industry Experience
Management with Significant Industry Experience The management team comprises a group of individuals with rich experience within the industry and within their individual business functions Albert Saputro Simon Milroy Gavin Caudle David Fowler Titien Supeno Andrew Starkey Vice President Title Preside
Slide 29: Management with Significant Industry Experience
Management with Significant Industry Experience The management team comprises a group of individuals with rich experience within the industry and within their individual business functions Eric Rahardja Boyke Abidin Gerick Mouton Peter Scanlon Zach Casley Doug Jones Commercial and Project Title Exte
Slide 30: Share Price and Liquidity
Share Price and Liquidity Current Capitalization 12 Month Share Price Performance Share Price (IDR)1 5,300 6,000 0 Shares Outstanding (m) 24,111 Market Cap (IDR) IDR127.78t 5,000 0 Market Cap1 ~US$8.86b 4,000 0 Net Debt2 US$497m Share Price (IDR) Enterprise Value ~US$9.36b 3,000 0 Trading Volume Ave
Slide 31: MDKA IDR Bonds
MDKA IDR Bonds Equivalent Interest Issuance Amount Interest IDR Bonds Amount Tenor after swap Notes Date (Rp billion) (IDR %) (US$ million) (USD %) Sep 2020 823 56 1-Year 8.90 3.83 Repaid in Q3 2021 2020 IDR Bond Jul 2020 877 60 3-Year 10.50 5.23 560 39 1-Year 7.50 3.60 Repaid in Apr 2022 1st Tranch
Slide 32: TB Copper Project Leading Mineral Resource
TB Copper Project Leading Mineral Resource 1.0 Bubble Size = Resource (Moz AuEq) Hu'u Grasberg Wafi Golpu 0.9 0.8 Oyo Tolgoi Tujuh Bukit UHGZ 0.7 First 20+ years Resource Copper Grade (%Cu) Lookout Hill Tujuh Bukit Underground 0.6 Tampakan Northpakes After first 20+ years West Wall Productora Frieda
Slide 33: Wetar: Extending Mine Life
Wetar: Extending Mine Life A geophysical survey of Wetar was completed during 2019 Partolang Lerokis Pit with approximately 20 targets identified within the mining lease. These types of deposits generally appear in clusters, which has resulted in the continued discovery of resources over time •1 Wet
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