Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Mandiri Investment Forum March 2024
25 slides from Pt Merdeka Copper Gold Tbk's conference presentation, March 2024
Slide 1: Investor Presentation March 2024
Investor Presentation March 2024
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: Portfolio Overview
Portfolio Overview Merdeka controls a portfolio of globally significant assets across Indonesia with group mineral resources of 35.2Moz of gold, 8.4Mt of copper, 13.8Mt of nickel and 1.0Mt of cobalt Merdeka Copper Gold assets MBM assets Tujuh Bukit Copper Project Tujuh Bukit Gold Mine Mine Downstrea
Slide 4: Corporate Structure
Corporate Structure Key Indonesian Shareholders Other Merdeka Thohir Group Shareholders 5% 44% IDX: MDKA Other MBMA Shareholders 7.6% 50.0% 42.4% IDX: MBMA JV partner on mine, JV partner for HPAL processing facilities plants and IKIP 4
Slide 5: Major Shareholders
Major Shareholders Provident, Saratoga and the Thohir Group have a long history of co-investments with a proven track record in building multi-billion-dollar companies, as well as attracting high quality institutional investors Saratoga Group Provident Group Thohir Group Major Shareholders Thohir Gr
Slide 6: Pani Gold Project
Pani Gold Project Pani will be one of the largest gold mines in Asia Pacific upon achieving full design production capacity Pani Project Site Location 70% 6.7Moz Contained Gold of Mineral Ownership Resource 2025 (HL) 5.5Moz 2028 (CIL) Indicated gold resources Expected Gold Production 19.0Mtpa 500koz
Slide 7: FS Highlights
FS Highlights Pani FS confirms robust project economics delivering attractive returns over a multi decade mine life Economics Production US$1.85 billion US$440 million 500kozpa 191Mt Post-tax NPV8 Average EBITDA per annum Peak gold production Ore mined US$690 million US$254 million 4.7Moz 0.86 g/t A
Slide 8: Pani Development Progress (cont.)
Pani Development Progress (cont.) Pre-development construction activities continued across the site, with the development of an independent access road, establishment of accommodation facilities, and supporting infrastructure Site Access Road Office Accommodations Various Infrastructure Road Access
Slide 9: TB Copper Project
TB Copper Project Merdeka is now completing optimisation studies, including the potential for improved metallurgical recoveries, higher underground production throughput and open pit mining of additional copper ore TB Copper Project Site Location 100% 8.1Mt Ownership Contained copper resources PFS 2
Slide 10: TB Copper Project Development Strategy
TB Copper Project Development Strategy The PFS demonstrates that TB Copper will be a globally significant underground mine extracting only 24% of the currently defined mineral resource 10
Slide 11: Competitive "Cycle-Proof" Cost Structure
Competitive “Cycle-Proof” Cost Structure TB Copper is anticipated to be a low-cost, long-life operation with a 1st quartile AISC of US$1.0/lb net of gold credits – favourably positioned compared to peer SLC and block caving operations First Quartile Second Quartile Third Quartile Fourth Quartile US$
Slide 12: Overview of MBM Assets
Overview of MBM Assets MBM’s assets are strategically located in central Sulawesi, Indonesia’s battery materials hub Sulawesi map MBM’s asset location North Sulawesi Gorontalo Central Sulawesi West Sulawesi Southeast Sulawesi South Sulawesi 12
Slide 13: SCM Mine
SCM Mine The SCM Mine was discovered by Rio Tinto in 2000 and is regarded as one of the world’s largest nickel deposits Overview Mining Concession 51.0% 65Mtpa Multi-decade MBMA Ore Production Mine life Ownership Target • 1.1 billion dmt containing 13.8Mt of nickel and Resources1 1.0Mt of cobalt • 1
Slide 14: SCM Mine Haul Road
SCM Mine Haul Road MBM has a dedicated haul road linking the mine site to IMIP facilitating consistent saprolite ore haulage 14
Slide 15: SCM Mine – Huayou FPP
SCM Mine – Huayou FPP MBM has a dedicated haul road linking the mine site to IMIP facilitating consistent saprolite ore haulage FPP Area FPP Facilities (camp, warehouse, workshop, office) FPP Area Camp 15
Slide 16: RKEF Plants Overview
RKEF Plants Overview NPI margins are expected to remain competitive as production costs stabilise and captive ore supply increases, reducing MBM’s exposure to nickel price fluctuations Overview RKEF Plants 50.1% 88ktpa 2020 MBM Nameplate Capacity Achieved Commercial Ownership (Ni in NPI) Production
Slide 17: Nickel Matte Overview
Nickel Matte Overview HNMI produces a high-grade nickel matte product enabling MBM to capture the additional margin to NPI Overview Processing Facility LGNM Facility 60% 50 – 60ktpa 2022 HNMI MBM Avg. Production Achieved Commercial Ownership (Ni matte) Production Product • High-grade nickel matte co
Slide 18: HPAL Development Plan
HPAL Development Plan MBM will develop multiple HPAL processing plants in partnership with leading battery material companies JV with CATL JV with GEM 66% 60ktpa End 2025 55% 30ktpa End 2024 MBMA Nameplate Capacity Target First MBMA Nameplate Capacity Target First Ownership (Ni MHP) Production Owner
Slide 19: AIM Overview
AIM Overview AIM is a highly strategic asset and is well positioned to benefit from the growth in acid demand expected as additional HPAL plants are constructed at IMIP and across Indonesia Overview AIM Facilities 80% 1.2Mtpa 2024 MBMA Acid Production Achieve Commercial Ownership Production • Acid a
Slide 20: Capturing the Entire Battery Value Chain
Capturing the Entire Battery Value Chain MBM is a vertically integrated operation with existing profitable nickel processing facilities and planned HPAL plants to capture the full battery materials value chain Limonite, Acid, Steam, Limestone Limestone 3rd Party HPAL SCM Mine AIM Projects Mine Plant
Slide 21: Commitment to Sustainability
Commitment to Sustainability Select Merdeka ESG Initiatives • Net Zero Statement, Target and Strategy • TCFD (Task Force on Climate-Related Financial Disclosures) assessment across Merdeka’s subsidiaries • ESG Gap Analysis • Human Rights Policy completion and socialization • Updating OHS & Environme
Slide 22: Summary
Summary Commitment to Established and Strong Indonesian Multiple sustainability, safety, proven nickel, gold shareholder support transformational environmental and copper production with a proven track growth projects in protection and capability record of value place to support the corporate social
Slide 23: Click to edit Master text styles
Click to edit Master text styles For more information, please contact or visit investor.relations@merdekacoppergold.com www.merdekacoppergold.com 23
Slide 24: Appendix
Click to edit Master text styles Appendix 24
Slide 25: Management Team with a Proven Track Record
Management Team with a Proven Track Record Albert Saputro Jason Greive Andrew Starkey Gavin Caudle David Fowler Titien Supeno Eric Rahardja Boyke Abidin Peter Scanlon Luke Morris CEO & Vice Executive President Commercial and Title President Chairman & Director CFO & Director Director External Affair
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