Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Q2 2023 Earnings Presentation
16 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, Aug 2, 2023
Slide 1: Investor and Analyst Briefing: 2Q Results Presentation
Investor and Click Analystto edit Master text styles Briefing 2Q Results Presentation 2 August 2023 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Copper Gold Tbk and PT Merdeka Battery Materials Tbk (together referred to as “Merdeka Group”) and consists of written materials/slides for a presentation concerning Merdeka Group. By reviewing/attending this presentation, you agree to be
Slide 3: 2Q Highlights
2Q Highlights Steady and reliable operational performance in challenging macroeconomic conditions On track to meet full year production and cost guidance Advancing project development and downstream expansion into battery materials Feasibility studies and pre-development works advancing for copper a
Slide 4: 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 Legend: Mine & Downstream Processing1 Acid Iron Metal (AIM) Project : Merdeka Copper Gold assets Owne
Slide 5: 2Q 2023 Production Highlights – Gold
2Q 2023 Production Highlights – Gold Gold Production and AISC Commentary 40 37 38 2,000 • Production for the quarter was in line with plan 36 34 1,794 • Gold produced during the quarter was 38,447 ounces at a total 1,800 cash cost of US$787/oz and an AISC of US$1,060/oz net of silver 30 credits 26 1
Slide 6: 2Q 2023 Production Highlights – Copper
2Q 2023 Production Highlights – Copper Copper Production and AISC Commentary 8.0 6.0 • Production for the quarter was in line with planned mining schedule 4.8 4.9 5.0 • Copper produced during the quarter was 3,128 tonnes at a total 6.0 cash cost of US$3.34/lb and an AISC of US$4.91/lb 6.0 5.2 3.9 4.
Slide 7: 2Q 2023 Production Highlights – NPI
2Q 2023 Production Highlights – NPI NPI Production and AISC Commentary 14.0 16,000 • Nickel in NPI production for the quarter was 11,870 tonnes at an AISC of US$13,459/t 12.0 15,466 11.9 • CSID and BSID processed 1.01 million wmt of ore at a grade of 10.4 1.70% Ni to produce 9,725 tonnes of nickel i
Slide 8: 2Q 2023 Production Highlights – Nickel Matte
2Q 2023 Production Highlights – Nickel Matte Nickel Matte Production and AISC Commentary 5,200 17,000 • The acquisition of HNMI was completed in June 2023 • In June 2023, HNMI produced 4,438 tonnes of nickel in nickel 5,014 5,000 4,927 matte at an AISC of US$15,524/t and MBMA recognised revenue of U
Slide 9: TB Copper Update
TB Copper Update Pre-Feasibility Study (“PFS”) results were announced during the quarter. Merdeka is now moving forward with a Feasibility Study (“FS”) which will deliver an increased level of project definition and detail Feasibility Study The FS will assess several ongoing optimisation opportuniti
Slide 10: TB Copper PFS Highlights
TB Copper PFS Highlights The PFS confirms attractive project economics for the development of a globally significant, long life, underground mine producing copper and gold Large scale, long life Modelled mine production of 404Mt for the PFS SLC and BC mines deliver an initial mine life of 30 years a
Slide 11: Pani Gold Project
Pani Gold Project Combined Pani Gold Project Schematic Section Pani is expected to be a long-life and low-cost gold mine producing more than 450,000 ounces of gold per annum upon achieving maximum throughput A combined mineral resource estimate was declared in February 2023 and further upgraded in M
Slide 12: Staged Development Plan
Staged Development Plan The Feasibility Study is assessing two processing methods for Pani, both well-understood and recognised as industry standard processing methods, for a combined nameplate capacity of 21Mtpa 7Mtpa plant Geotechnical 140kozpa gold Heap leach metallurgical investigations have tes
Slide 13: MBMA Project Development
MBMA Project Development SCM • Mining activities continue to Central and Southeast Sulawesi ramp up on site with total materials mined of 944,212 wmt • Nickel ore stockpiles at the end The Huayou slurry of the quarter is 2,896,239 at an pipeline runs in average grade of 1.43% Ni parallel to the haul
Slide 14: AIM Project Site Photos
AIM Project Site Photos AIM is a significant growth opportunity for MBMA and is well positioned to benefit from the growth in acid demand expected as additional HPAL plants are constructed at IMIP and across Indonesia 14
Slide 15: Summary
Summary On track to deliver gold production of 120,000 – 140,000 ounces at an AISC of US$1,100 – 1,300/oz net of silver credits On track to deliver copper production of 16,000 – 20,000 tonnes at an AISC of US$3.70 – 4.70/lb Enlarged MBMA production profile following commissioning of ZHN, HNMI acquis
Slide 16: 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 16
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