Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Merger or Acquisition (March 2022)
24 slides from Pt Merdeka Copper Gold Tbk's merger presentation, March 2022
Slide 1: Acquisition of Nickel Mining and Refining Assets
PT Merdeka Copper Gold Tbk Acquisition of Nickel Mining and Refining Assets One of the World’s Largest Undeveloped Nickel Resources March 2022
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: Table of Contents
Table of Contents 1. Executive Summary 4 2. Overview of the Acquisition Assets 8 3. Appendix A: Abbreviations 20 3. Appendix B: Competent Person’s Statements 22 3
Slide 4: 1. Executive Summary
1. Executive Summary 7/ MERDE wate COPPER GOLD
Slide 5: Acquisition of a World Class Nickel Mine Project and Operating Nickel Smelters
Acquisition of a World Class Nickel Mine Project and Operating Nickel Smelters • Merdeka is pleased to announce the acquisition of a world class nickel mine project and operating nickel smelters, this includes stakes in the following: o Sulawesi Cahaya Mineral (“SCM”), the world’s largest undevelope
Slide 6: Transaction Structure
Transaction Structure Merdeka, through its subsidiary PT Batutua Tambang Abadi (“BTA”), has entered into a conditional share subscription agreement for a 55.67% equity interest to invest ~US$374 million in PT Hamparan Logistik Nusantara (“HLN”)1. HLN has completed the acquisition of 95.3% of PT J&P
Slide 7: Transaction Timeline and Approvals
Transaction Timeline and Approvals Timing Payment Date Amount to HLN1,2 First Close 24 March 2022 US$343 million Payment Timing Second Close By 22 May 2022 US$8 million Retention Payment 24 March 2023 US$24 million Key conditions precedent include: • Issuance of Fairness Opinion • Conditions Precede
Slide 8: 2. Overview of the Acquisition Assets
2. Overview of the Acquisition Assets 8
Slide 9: Overview of the Acquisition Assets
Overview of the Acquisition Assets The SCM Mine will supply saprolite ore to CSI and BSI RKEF plants producing nickel pig iron. The SCM Mine will also supply limonite ore to HPAL plants at IMIP producing Mixed Hydroxide Precipitate (“MHP”) - used in battery production • The Acquisition Assets princi
Slide 10: Overview of the SCM Nickel Mine
Overview of the SCM Nickel Mine SCM is a globally significant nickel resource with >13mt of contained nickel Background SCM IUP • Previously owned by Rio Tinto before being acquired by J&P Group in 2013 • SCM is one of the world’s largest nickel resources, with a total JORC resource of over 1.1 bill
Slide 11: Large Long Life Resource
Large Long Life Resource SCM is the world’s largest undeveloped nickel resource based on publicly available information World Nickel Resources 2.200 Sudbury 2.000 Pomalaa East 1.800 Tapunopaka Pomalaa Gag Island Bugotu Nakety/Moneo 1.600 Southern Samar Biankouma-Sipilou Weda Bay 1.400 Goro Hanking G
Slide 12: SCM Resource and Reserve Base
SCM Resource and Reserve Base SCM’s latest resource contains 1.1 billion dmt of ore at an average grade of 1.22% Ni - equivalent to 13.8Mt of contained Nickel and an average grade of 0.08% Co – equivalent to 1.0Mt of contained Cobalt Mineral Resource JORC Classification Ore (M dmt) Ni (%) Ni Metal (
Slide 13: SCM Resource and Reserve Base
SCM Resource and Reserve Base SCM’s latest reserve contains 189 million dmt of ore at an average grade of 1.20% Ni - equivalent to 2.3Mt of contained Nickel and an average grade of 0.10% Co – equivalent to 0.2Mt of contained Cobalt Ore Reserve JORC Classification / Product Ore (M dmt) Ni (%) Ni Meta
Slide 14: SCM Mine Ore Supply
SCM Mine Ore Supply SCM mine will provide saprolite and limonite ore to RKEF and HPAL smelters at the existing Indonesia Morowali Industrial Park (“IMIP”) and future Indonesia Konawe Industrial Park (“IKIP”) Saprolite Ore Limonite Ore Saprolite Ore Limonite Ore IMIP RKEF IMIP HPAL IKIP RKEF IKIP HPA
Slide 15: Established Nickel Pig Iron Smelters
Established Nickel Pig Iron Smelters CSI Smelter and BSI Smelter are jointly owned and operated with Tsingshan at IMIP. They are both fully operational and have a combined nameplate capacity of ~38,000 tonnes of nickel per year Summary • Both CSI smelter and BSI smelter were built by Tsingshan in 20
Slide 16: CSI and BSI Smelters Both Have Strong Historical Performance
CSI and BSI Smelters Both Have Strong Historical Performance Nickel Production (kt) Revenue (US$m) Combined Annual Combined 39.7kt 39.7kt US$463.5m US$626.1m Production: Annual Revenue: 5.3 5.4 76.0 4.8 5.1 5.0 5.0 90.9 1.7 4.3 65.0 76.0 14.3 50.8 54.6 65.2 5.7 5.4 5.7 5.7 101.6 5.2 5.1 5.2 4.7 82.6
Slide 17: Overview of IMIP
Overview of IMIP CSI Smelter and BSI Smelter are located within Indonesia Morowali Industrial Park (“IMIP”) - a world class industrial park with high quality infrastructure available, including expansive port facilities, significant power generation capacity, water and proximity to high quality nick
Slide 18: Overview of IKIP – Future Industrial Park
Overview of IKIP – Future Industrial Park The Indonesia Konawe Industrial Park (“IKIP”) is in the planning and feasibility phase - the industrial park will be focused on HPAL technology, benefiting from SCM’s large limonite resource IKIP IMIP IKIP will be built inside SCM’s IUP and is Large Site exp
Slide 19: Why Merdeka
Why Merdeka Development and • MDKA is Indonesia’s major gold and copper company actively developing projects over the past 5 years – managing permitting, feasibility, Production Capability construction and operations • Copper: o Tujuh Bukit “world class” orebody, 1.9bt at 0.45% Cu containing 8.8Mt c
Slide 20: Appendix A: Abbreviations
Appendix A: Abbreviations 20
Slide 21: Abbreviations
Abbreviations Entities General BSI PT Bukit Smelter Indonesia AIM Acid Iron Metal BTA PT Batutua Tambang Abadi Co Cobalt DMT Dry metric tonne CATL Contemporary Amperex Technology Co Ltd. HPAL High Pressure Acid Leach CSI PT Cahaya Smelter Indonesia IKIP Indonesia Konawe Industrial Park HLN PT Hampar
Slide 22: Appendix B: Competent Person’s Statements
Appendix B: Competent Person’s Statements 22
Slide 23: SCM Competent Person’s Statement
SCM Competent Person’s Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr. Mick Elias and Mr. Dmitry Pertel. Mr. Elias is a part-time employee of CSA Global Pty Ltd and Mr. Pertel is a full-time employee of AMC. Mr. Elias is a Fellow of
Slide 24: Merdeka Competent Person’s Statement
Merdeka Competent Person’s Statement The information in this report which relates to Exploration Activities and Exploration Results is based on, and fairly represents, information compiled by Mr Zach Casley, BSc (Hons). Mr Casley is full-time employee of PT Merdeka Copper Gold Tbk. Mr Casley is a ce
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