Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Merdeka Copper Gold — Investor Presentation (July 2020)
23 slides from Pt Merdeka Copper Gold Tbk's investor presentation, July 2020
Slide 1: Indonesia's World Class Copper Gold Champion
Indonesia’s World Class Copper Gold Champion Investor Presentation July 2020
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This presentation has been prepared by Merdeka Copper Gold Tbk (“Merdeka”) 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 represe
Slide 3: Merdeka Introduction
Merdeka Introduction MDKA today consists of five main assets which, in order of management’s assessment of future value, are as follows: 1. Tujuh Bukit Copper/Gold Project (“TB Copper Project”) 5 Assets 2. Pani Joint Venture (“Pani JV Project”) – new expansion project 3. Wetar / Morowali Acid Iron M
Slide 4: Indonesia: Right Geological Address
Indonesia: Right Geological Address Indonesia is a significant player in the global mining industry, with significant production of coal, copper, gold, tin, bauxite and nickel • As of 2018, Indonesia held 51 million metric tons of copper resources, the fifth largest in the world • The country also h
Slide 5: A Better Way to Invest in Indonesia with Strong and Reliable Indonesian Shareholders
A Better Way to Invest in Indonesia with Strong and Reliable Indonesian Shareholders Existing Shareholding Structure Saratoga Investama Sedaya Garibaldi Thohir Valuation: US$10.0b EV: US$3.3b1 EV: US$2.6b1 23% 23% 9% Track Record in The shareholders collectively have rich experience in leading and g
Slide 6: Growth Delivery with Sound Financial Position Built on Operational Performance
Growth Delivery with Sound Financial Position Built on Operational Performance Revenue (US$m) EBITDA Hedging 402 228 84,506 oz at Gold Hedge 2020 US$1,425 / oz 294 158 Copper Hedge 2020 Nil 104 49 2018 2019 Q1-2020 2018 2019 Q1-2020 Outstanding Debt1 Comments • Strong cash flow generation with US$
Slide 7: Merdeka Share Price and Liquidity
Merdeka Share Price and Liquidity Current Capitalization Share Price Performance Since IPO 1,600 450 Share Price (IDR)1 1,365 400 1,400 1,200 350 Shares Outstanding (m) 4,380 Share Price (IDR) Millions Shares 300 1,000 Market Cap (IDR) IDR29.9tn 250 800 200 Market Cap2 US$2.1b 600 150 400 100 Net De
Slide 8: TB Gold Project
TB Gold Project Production Information Operational & Financial Performance 2018 2019 Q1-2020 Mining Method Conventional Open Pit Unit Actual Actual Actual Open Pit Mining Metals Gold and Silver Ore Mined M Tonnes 5.3 7.4 2.5 Mineralisation Type High Sulphidation Epithermal Waste Mined M Tonnes 9.4 8
Slide 9: TB Copper Project
TB Copper Project World Class Underground Copper/Gold Deposit Comments TB Gold Open Pit Mines • Blue lines extending from the decline denote planned drilling Decline • Decline on track to be completed mid Upper High Grade Zone (UHGZ) Subset of Total Underground Copper/Gold 2020. Underground Explorat
Slide 10: TB Copper/Gold Project World Class Mineral Resource
TB Copper/Gold Project World Class Mineral Resource Significant Porphyry Deposits 0.90% Bubble Size = Resource (Moz AuEq) Legend: Grasberg Wafi-Golpu 0.80% TB Copper Lookout Hill Tujuh Bukit UGHZ First 20+ years Resource Copper Grade (% Cu) 0.70% Producing Oyu Tolgoi 0.60% Undeveloped Northparkes Lo
Slide 11: TB Copper/Gold Project Latest Drill Results
TB Copper/Gold Project Latest Drill Results UHGZ Drilling Results to Date Comments Hole ID From (m) To (m) Interval (m) Cu (%) Au (g/t) • 17 holes drilled; table shows significant intercepts received UHGZ-19-001 556 1,308 (EOH) 752 0.46 0,50 to Q1 2020 including 724 904 180 0.63 0.62 • Excellent res
Slide 12: TB Near Mine Exploration
TB Near Mine Exploration Targeting Open Pit Mineralisation to De-Risk Porphyry Ramp Up Open Pit Mineralisation Targets Comments PT DSI Salakan Porphyry IUP • Historical drilling including SDN-12-01 : Exploration 604m @ 0.22 % Cu • Exploration to re-commence in 2020 Lompongan Porphyry Prospect • Cu-A
Slide 13: Wetar Copper Project
Wetar Copper Project Production Information Operational & Financial Performance Mining Method Conventional Open Pit 2018 2019 Q1-2020 Unit Actual Actual Actual Metals Copper Open Pit Mining Mineralisation Type Volcanogenic Massive Sulphide (“VMS”) Ore Mined M Tonnes 1.6 2.3 0.2 Waste Mined M Tonnes
Slide 14: AIM Project Process Facilities
AIM Project Process Facilities Wetar IMIP (Maluku Province) (Morowali, Central Sulawesi Province) AIM Joint Venture (60% Merdeka) Merdeka Ship 700km to Pyrite Calcine Process Feedstock Morowali 1. Crush/Grind/ Concentrate 2. Roast and Residue 3. Chloridizing Residue 4. Metal 880 ktpa Flotation Acid
Slide 15: Wetar – Significant potential to extend mine life
Wetar – Significant potential to extend mine life Prospective Geology Resources at Wetar are Volcanogenic Massive Sulfide (VMS) deposits The deposits generally appear in Partolang – Resource Defined clusters and it is reasonably likely Lerokis Pit that more resources will be defined over time
Slide 16: Pani – Commencement of Step-Out Drilling
Pani – Commencement of Step-Out Drilling Overhead & Cross Sectional Illustration of Planned Step-Out Drilling Comments Between PANI COW & PANI IUP • JV with J Resources to develop a combined project. Expect to close Q3 2020 – Merdeka’s economic share is 40% and controls the JV Overhead View • Expect
Slide 17: Merdeka – Indonesia's New World Class Mining Company
Merdeka – Indonesia’s New World Class Mining Company Delivering Its Strategy Actual Forecast 2015 2016 2017 2018 2019 2020 223,000 oz 165,000 – 185,000 oz Production 167,000 oz 141,468 oz 17,000 t 17,000 t Gold Copper Gold Copper Gold Copper Gold AIM Project Wetar acquisition US$100m Feasibility
Slide 18: Appendix
Appendix Z MERDEKA¢# COPPER GOLD
Slide 19: 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 Experience More than 30 years of experience in mining sector including exploration, feasibility studies, perm
Slide 20: Merdeka is ranked in the Top Jakarta Composite Index (JCI) Movers
Merdeka is ranked 7 in the Top Jakarta Composite Index (JCI) Movers With IDR 6.8 tn of total turnover, Merdeka is within the top 10 of JCI movers as of YTD Mar 2020 Top 10 JCI movers in terms of turnover1 as of YTD Mar 2020 (IDR tn) 42.5 39.1 25.6 20.8 15.0 13.3 6.8 6.1 5.1 4.7 Rank 1 2 3 4 5 6 7 8
Slide 21: Pani JV Project Ownership Structure
Pani JV Project Ownership Structure Lion Selection PSAB 66.7% 33.3% 99.99% Pani JRN (PBJ) 60% 40% PBT 99.9% 99.9% KUD PEG 49% 0.001% 51% PETS GSM IUP COW 21
Slide 22: Indonesian Morowali Industrial Park (IMIP) World Class Facility
Indonesian Morowali Industrial Park (IMIP) World Class Facility Location and Size Comments • IMIP’s ownership: ‒ Tsingshan 66.25% ‒ PT Bintang Delapan Group 33.75% • Development started in 2014. Tsingshan’s stated objective at the time was to create the world’s largest fully integrated stainless ste
Slide 23: Competent Person's Statement
Competent Person’s Statement The Annual Mineral Resources and Ore Reserves Statement and Explanatory Notes have been compiled by Mr Z Casley. Mr Casley is the Executive General Manager Geoscience, a full-time employee of Merdeka Copper Gold Tbk. He is a Fellow of The Australasian Institute of Mining
Merdeka Copper Gold — Investor Presentation (July 2020) on 6ix