Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Q3 2023 Earnings Presentation
19 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, Oct 26, 2023
Slide 1: 3Q 2023 Results Presentation
Click to edit Master text styles 3Q 2023 Results Presentation 26 October 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: 3Q 2023 Highlights
3Q 2023 Highlights A 66% uplift in gold sales revenue from the previous quarter at an attractive cash margin of 59% NPI production increased by 55% from the previous quarter, whilst production costs have decreased by 14% and 25% over the past three and six months, resulting in stronger margins (+138
Slide 4: 3Q 2023 Production Highlights – Gold
3Q 2023 Production Highlights – Gold Gold Production and AISC Commentary • Production from TB Gold Mine for the quarter was in line with 50 2,000 plan 44.8 • Gold produced during the quarter was 44,882 ounces at a total 1,794 cash cost of US$805/oz and an AISC of US$1,147/oz net of silver 1,800 40 3
Slide 5: 3Q 2023 Production Highlights – Copper
3Q 2023 Production Highlights – Copper Copper Production and AISC Commentary • Copper produced from Wetar during the quarter was 2,128 8.0 8.0 tonnes at a total cash cost of US$4.80/lb and an AISC of 7.3 US$7.28/lb 7.0 • Cumulative copper production for 9M 2023 is 9,309 tonnes at an 6.0 AISC of $5.4
Slide 6: 3Q 2023 Production Highlights – SCM Mine
3Q 2023 Production Highlights – SCM Mine SCM Mine Production Plan (million wmt) Saprolite Ore Haulage Plan (wmt) Saprolite Limonite 6,000,000 10.4 1.6 5.8 600,000 – 800,000 2.0 44,000 0.2 1.1 Q3 2023 Q4 2023 2024F Q3 2023 Q4 2023 2024F • Mining activities continue to ramp up at the SCM Mine • Delive
Slide 7: 3Q 2023 Production Highlights – NPI
3Q 2023 Production Highlights – NPI NPI Production and AISC Commentary 25.0 16,000 • NPI produced from the three MBM RKEF smelters during the quarter was 21,738 tonnes at a cash margin of $1,577/t, 15,466 21.7 representing an increase in margin of 138% compared to the 20.0 15,000 previous quarter 13
Slide 8: 3Q 2023 Production Highlights – Nickel Matte
3Q 2023 Production Highlights – Nickel Matte Nickel Matte Production and AISC Commentary • The acquisition of HNMI, a high-grade nickel matte (“HGNM”) 15.0 16,000 converter, was completed in June 2023 13.2 • During the quarter, HNMI produced 13,210 tonnes of nickel in 12.0 15,524 nickel matte at an
Slide 9: Nickel Matte Facilities
Nickel Matte Facilities High Grade Nickel Matte Converter (HNMI) High Grade Nickel Matte Product 9
Slide 10: Pani Gold Project
Pani Gold Project Pani will be a low cost, long life, sustainable gold mining operation in the near term Significant gold resource 6.6Moz of gold with significant exploration upside Extensive development work on-site completed More than US$100 million invested in resource drilling, mining fleet purc
Slide 11: Pani Gold Project (cont.)
Pani Gold Project (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 to Minin
Slide 12: 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 Globally significant copper-gold deposit Mineral resources containing 8.1Mt of copper
Slide 13: MBM Project Development
MBM Project Development Haul Road & Other SCM Mine AIM Project HPAL JVs Infrastructure • Saprolite ore delivery to MBM’s • Haul road upgrade completed • Commissioning has commenced • New partnership signed with RKEF Smelters commenced in during the quarter following an as construction nears GEM Co.,
Slide 14: SCM Mine – Huayue FPP
SCM Mine – Huayue FPP MBM is ready to monetise its substantial stockpile of limonite ore upon completion of the Huayue FPP and slurry pipeline, expected in early 2024 FPP Area FPP Facilities (camp, warehouse, workshop, office) FPP Area Camp 14
Slide 15: AIM Project Site Photos
AIM Project Site Photos In September 2023, the first 10,000 tonnes of pyrite ore was shipped from Wetar to the AIM Project at IMIP, following the completion of the Wetar barge jetty Delivered Pyrite Ore at AIM Wetar Barge Jetty 15
Slide 16: AIM Project Site Photos
AIM Project Site Photos AIM is a significant growth opportunity for MBM and is well positioned to benefit from the growth in acid demand expected as additional HPAL plants are constructed at IMIP and across Indonesia AIM Acid Plant 16
Slide 17: HPAL Development Plan
HPAL Development Plan MBM plans to develop multiple HPAL processing plants in partnership with leading battery material companies JV with CATL JV with GEM 66% 60 ktpa End 2025 55% 30 ktpa End 2024 MBM Nameplate Capacity Target First MBM Nameplate Capacity Target First Ownership (Ni MHP) Production O
Slide 18: Summary
Summary Step change increase in group revenue profile underpinned by gold, NPI and nickel matte sales Further uplift expected in the near term from increasing saprolite ore sales, commissioning of the AIM Project and expected commencement of limonite ore sales Continuation of downstream battery mate
Slide 19: 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 19
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