Pt Merdeka Gold Resources Tbk · IDX:EMAS
Pt Merdeka Gold Resources Tbk — Merdeka Gold Resources — Investor Presentation (March 2026)
12 slides from Pt Merdeka Gold Resources Tbk's investor presentation, March 2026
Slide 1: Merdeka Gold Resources (IDX: EMAS)
Merdeka Gold Resources (IDX: EMAS) March 2026
Slide 2: Disclaimer (1/2)
Disclaimer (1/2) By attending the meeting where this presentation is made, or by reading the presentation materials, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this document and to be bound by the following limitations: The information in this presen
Slide 3: Disclaimer (2/2)
Disclaimer (2/2) This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of the Company. This document is not an offer of securities for sale in
Slide 4: Introduction to Merdeka Gold Resources
Introduction to Merdeka Gold Resources Key information Location Key asset Pani Gold Mine (Pani) Large disseminated low sulphidation Asset type epithermal gold deposit Location Indonesia, Sulawesi, Gorontalo Province Tenement size ~14,700 Ha 2026-2030 production profile (koz Au) Total resources 291Mt
Slide 5: Overview of mineral resources & reserves
Overview of mineral resources & reserves Resources & reserves table1 • Resources are based on the Q2 2024 Mineral Resource Mineral resources estimate, incorporating drilling completed up to August 2024, Tonnes Au Ag Cont. Au Cont. Ag with topography and depletion Classification (Mt) (g/t) (g/t) (Moz
Slide 6: Overview of geology
Overview of geology Historical resource & reserve growth (Moz Au) Further resource & reserve growth potential Resources Reserves 8.0 6.9 7.0 7.0 7.0 6.4 6.0 5.2 5.0 4.7 4.0 3.0 1.9 2.0 1.2 1.0 0.0 2021 2022 2023 2024 2025 Pani has consistently grew its resources and reserves base, driven by Pani’s c
Slide 7: Overview of mining
Overview of mining Cross section of Pani deposit Structural advantages of the Pani deposit Near-surface, Mineralization starts at or near surface and low-strip benefits from a low strip ratio, reducing waste deposit movement and supporting low-cost open-pit mining Large, The deposit’s large and cont
Slide 8: Benchmarking Pani's cost competitiveness
Benchmarking Pani’s cost competitiveness Global gold miners – AISC (excl. royalties) (2026)1 • Pani’s 2026 AISC is expected to 4,500 fall in the 3rd quartile of the 1st quartile 2nd quartile 3rd quartile 4th quartile global cost curve AISC (USD/oz) 4,000 3,500 RoW o Importantly, 2026 represents 3,00
Slide 9: Critical paths for Pani (heap leach)
Critical paths for Pani (heap leach) Key milestones Target Key KPIs Plan Actual achieved? Bay 4 First gold End of 1Q 2026 14 Feb 2026 Bay 3 production Bay 2 Pre-production Bay 1 ~USD 250m ~USD 250m capex HL stacking progress First gold production 0 Lost time 0 (19.9M man injury (LTI) hours LTI- free
Slide 10: Critical paths for Pani (carbon-in-leach)
Critical paths for Pani (carbon-in-leach) Upcoming milestones 2026 2027 2028 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Contract tender Tailing Storage TSF Construction Facility (TSF) First fill Contract tender CIL Bulk Earthworks Earthworks Engineering & procurement tender Detailed engineering design CIL 12Mtpa Pr
Slide 11: Overview of infrastructure
Overview of infrastructure Pani site CIL progress Early works for the CIL plant, including land clearing and bulk All major Pani facilities shown in the image have commenced earthworks, have commenced, supporting targeted CIL operations in operations on schedule 2028 11
Slide 12: Pani over the years
Pani over the years Key Dates: Key Dates: Key Dates: 2018 – 2019 2022 – 1H2024 2H2025 Onwards Key Events: Key Events: Key Events: First Gold and Acquisition of Pani Advancement of Beyond IUP Key Dates: 2021 Project Corporate & Project Progress Corporate & Project Key Events: Corporate & Project Key
Merdeka Gold Resources — Investor Presentation (March 2026) on 6ix