For personal use only

SIHAYO GOLD LTD

Investor Update
(ASX:SIH)

June 2014

BUILDING
BUILDING A SUCCESSFUL
A SUCCESSFUL INDONESIAN
INDONESIAN BASEDGOLD
GOLDCOMPANY
COMPANY
 Disclaimer & Competent Person Statement
Disclaimer
For personal use only

• This Document is being provided exclusively to investors that qualify pursuant to Section 708 of the Corporations Act. It is not intended as an offer, invitation, solicitation or recommendation with respect to any
potential transaction.
• No new information or data has been included since this information was previously released in various relevant announcements during the period covered by this presentation. The potential quantity & grade of all
prospects is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource
• Sihayo Gold Limited (“Sihayo”) make no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the information. Sihayo and its directors, employees, agents, advisers and
consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained
or derived from, or for any omissions from this Document.
• The Document contains reference to certain intentions, expectations and plans of Sihayo. Those intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not
be met or on which views may differ. The performance and operations of Sihayo may be influenced by a number of factors, many of which are outside the control of Sihayo. No representation or warranty, express or
implied, is made by Sihayo or any of its directors, employees, agents, advisers and consultants that any intentions, expectations or plans will be achieved either totally or partially or within a prescribed timeframe or
that any particular rate of return will be achieved.
• The Information disclosed relates to the proposed business of Sihayo at the date of this Document. Material information may have changed since the date the Document was compiled. No responsibility is accepted to
advise any person of any change.
• Neither the provision of this Document nor any information contained in this Document or subsequently communicated to any person in connection with this Document is, or should be taken as, constituting the giving
of investment advice to any person.
• By accepting this Document you acknowledge and agree to be bound by each of the foregoing statements.

Competent Persons Statement

Sihayo Resource
Information that relates to Mineral Resource Estimates at the Sihayo project is based on information compiled by or under the supervision of Mr Robert Spiers, who is an independent consultant and Director of H&S
Consultants to PT Sorikmas Mining. Mr Spiers has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as an
Independent Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ and an Independent Qualified Person as defined in the
Canadian National Instrument 43-101 (standards of Disclosure for Mineral Projects). Mr Spiers is a Member of the Australian Institute of Geoscientists and a full time employee of H&S Consultants. Mr Spiers consents to
the inclusion in the report of the matters based on his information in the form and context in which it appears. No new information or data has been included since this information was released in an announcement on
17/06/2013. The company confirms that all material assumptions and technical parameters underpinning the estimates from the previous announcement continue to apply and have not materially changed

Sambung Resource
Information that relates to Mineral Resource Estimates at the Sambung project is based on information compiled by or under the supervision of Mr Luke A Burlet, who is an independent consultant and Director of H&S
Consultants to PT Sorikmas Mining. Mr Burlet has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as an
Independent Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ and an Independent Qualified Person as defined in the
Canadian National Instrument 43-101 (standards of Disclosure for Mineral Projects). Mr Burlet is a Member of the Australian Institute of Geoscientists and a full time employee of H&S Consultants. Mr Burlet consents to
the inclusion in the report of the matters based on his information in the form and context in which it appears. No new information or data has been included since this information was released in an announcement on
17/06/2013. The company confirms that all material assumptions and technical parameters underpinning the estimates from the previous announcement continue to apply and have not materially changed

Sihayo Reserve
Information that relates to Ore Reserves at Sihayo is based on information compiled by or under the supervision of Mr Shane McLeay, who is a Principal Mining Engineer at Entech Pty Ltd and provided to PT Sorikmas
Mining. Mr McLeay has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as an Independent Competent
Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr McLeay is a Fellow of the Australasian Institute of Mining and Metallurgy and
a full time employee of Entech Pty Ltd. Mr McLeay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. No new information or data has been
included since this information was released in an announcement on 29/01/2014. The company confirms that all material assumptions and technical parameters underpinning the estimates from the previous
announcement continue to apply and have not materially changed.

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Corporate Overview
For personal use only

Capital Structure/Board Shareholder Register

(as at 14 May 2014) PT Saratoga Investment 14.9%
Ordinary shares 1,001M Provident Minerals Pte Ltd 14.9%
Share Price AU$0.021 Yaw Chee Siew 13.7%
Market Capitalisation ~AU$21M Asia Lion & Lion Selection 6.0%
Cash at hand AU$0.2M
Top 20 Shareholders 84.2%
Board of Directors:
Misha Collins (Independent Chairman)
Stuart Gula (Managing Director)
Gavin Caudle (Non Executive Director) Supportive cornerstone
Danny Nolan (Executive Director) investors

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 We can offer – Gold Price Leverage
For personal use only

• 7TH Generation Contract of Work

- 66,200 hectares
- PT Sorikmas Mining (Aneka Tambang 25% JV Partner)
• JORC 2012 compliant Resources
- 1.4MOz (16.9Mt @ 2.6g/t)
• JORC 2012 compliant Reserves
- 554,000 Ounces (7.1Mt @ 2.4g/t)
- Statutory project permitting in progress
• Outstanding exploration upside
- Epithermal prospects
Hutabargot Prospect
- Porphyry prospects Rock chip sample - weakly banded
Colloform-Crustiform banded sheeted
Quartz veins with visible gold, assayed
at 142g/t Au

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Located in Sumatra, Indonesia
For personal use only

Dairi Martabe
2.5Mt Zn 1.5Mt Pb
8.1 Moz Au 73.8 Moz Ag
PT Bumi / PTAntam Tbk
G Resources

Sihayo Pungkut
1.4 Moz Au
Sihayo 75% / PT Antam Tbk
25%
Way Linggo
0.49 Moz Au
Tembang Kingsrose Mining
0.45 Moz Au 5.7 Moz Ag
Sumatra Copper Gold
Pongkor Mine
1.6 Moz Au
PT Antam Tbk

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 7th Generation Contract of Work
For personal use only

Sihayo Pungkut
Gold Project

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 JORC Mineral Resource Estimate – June 2013
For personal use only

Au Cut-off
Tonnage Grade Au Contained Gold
Resource JORC Classification grade
(Mt) (g/t) ounces
(g/t)

SIHAYO 2.4 2.8 218,000 Measured 1.2

Sihayo-Sambung Resources Location Plan
9.2 2.5 747,000 Indicated 1.2
3.7 3.0 357,000 Inferred 1.2
15.3 2.7 1,322,000 Measured & 1.2
Indicated &
Inferred

SAMBUNG 0.5 2.1 32,000 Measured 1.2

1.0 2.0 65,000 Indicated 1.2
0.1 2.0 6,000 Inferred 1.2
1.6 2.0 102,000 Measured & 1.2
Indicated &
Inferred
TOTAL 16.9 2.6 1,424,000 Measured & 1.2
Indicated &
Inferred

Above figures may not sum due to rounding.

Significant figures do not imply an added level of precision.

No new information or data has been included since this information was
released in an announcement on 17/06/2013. The company confirms
that all material assumptions and technical parameters
underpinning the estimates from the previous announcement
continue to apply and have not materially changed.
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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 JORC Mining Reserve – January 2014
For personal use only

Ore Tonnage Grade Au Contained Gold

Reserve Category
Reserve (Mt) (g/t) ounces

SIHAYO 2.43 2.4 190,000 Proved

4.71 2.4 363,000 Probable

TOTAL 7.14 2.4 554,000 Proved & Probable

Calculations have been rounded to the nearest 1,000t, 0.1 g/t grade
and 1,000oz metal

No new information or data has been included since this information

was released in an announcement on 29/01/2014. The company
confirms that all material assumptions and technical parameters
underpinning the estimates from the previous announcement
continue to apply and have not materially changed.

Sihayo Pungkut Gold Project Area

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 ‘Sihayo life of mine’ (LOM) Feasibility
For personal use only

• 428K Oz recovered gold production from proposed open pit mining1

• 7.8Mt ore mined at 2.4g/t average grade
• Strip Ratio of 3.4 : 1 (Waste : Ore)
• Processing rate of 750ktpa at an average recovery of 71%
• Delivers approximately 43K Oz/yr over 10 year LOM
• Average Site Cash Operating Costs US$775/oz2
• Construction Capital Estimate US$58.7M equates to US$137/oz
recovered3
• US$57.5M LOM NPV8 estimate (Pre Tax & including Royalty)4
• Excludes potential gold production from adjacent Sambung Resource
and further opportunities from Sihayo
1. Includes 35K Oz from Inferred ore
2. LOM Average Site Cash Operating Costs excludes US$27.9m to be spent over LOM for tailings storage facility construction &
assumes 100% diesel fuel power supply
3. Excludes Contingency and assumes diesel power generation
4. Assumes gold price of US$1,400/oz
5. All the material assumptions underpinning the financial forecasts and production rates continue to apply and have not materially
changed from those contained in the feasibility study released on 29/1/14
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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Feasibility Study Optimisation
For personal use only

• Pursue potential power supply alternatives for the project.

- Discussions have commenced with the ‘in-country’ power provider
(PLN) and other potential alternatives.
- In terms of sensitivity a 50% reduction in power cost will reduce C1
Cash Cost by approximately US$ 110 per oz recovered.
• Investigate additional opportunities to improve metallurgical
recovery.
- In terms of sensitivity, an improvement in LOM average gold recovery
to 76% will improve C1 Cash Cost by approximately US$ 50 per oz
recovered.
• Further optimisation of construction and mine planning, schedules
and associated costs.

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Exploration Upside – Project Generation
For personal use only

Singalacar, Rurabalancing, Tambang

Hitam, Pagar Gunung, Namilas,
Generative Sihayo 2, Siandop, Tambang Ubi,
Nalan Julu, Air Rotap

Mandagang, Sihayo West

Tambang Tinggi,
Prospects Taratung, Babisik, Dolok,
Huta Pungkut
Hutabargot
Advanced Exploration Julu
Resource Definition

Feasibility Study
Sihayo

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Hutabargot Julu – 2012/2013 Scout Drilling
For personal use only

Three targets tested by 15 drill holes

(1,626m of drilling)
Hole From (m) Length (m) Au g/t Ag g/t Au Eq g/t
HUTDD040 55.4 3.7 15.45 23 15.9
HUTDD040 98.2 4.3 1.39 170 4.8
HUTDD042 51.0 11.1 1.79 30 2.4
HUTDD044 33.4 7.7 1.65 310 7.9
HUTDD045 46.9 12.8 1.67 380 9.3
HUTDD046 56.2 5.3 12.48 19 12.9
HUTDD047 83.4 1.2 204.00 63 205.3
HUTDD050 2.6 5.6 1.86 18 2.2
HUTDD050 14.6 6.6 1.42 53 2.5
HUTDD051 1.8 8.9 2.75 16 3.1
HUTDD051 13.6 8.0 3.59 18 4.0
HUTDD051 25.5 13.5 1.06 29 1.6
HUTDD052 27.7 3.0 2.86 196 6.8
HUTDD052 35.2 9.8 2.61 139 5.4
The potential quantity & grade of Hutabargot Julu is conceptual in
nature and there has been insufficient exploration to define a
Mineral Resource and it is uncertain if further exploration will
result in the determination of a Mineral Resource

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Exploration Potential – Historical Highlights
For personal use only

Tambang
Taratung Quartz vein float Silica-sericite-pyrite-
Tinggi
(Epithermal) and outcrop that bornite-
has assayed up to (Porphyry)
chalcopyrite-
167g/t Au & 384g/t tourmaline
Ag within 350m long alteration with
section of a 1.2km limonite
zone. Historical veins/fracturing
trenching identified hosting gold.
5m @ 57.7g/t Au & Best intercept
312g/t Ag 112.6m @ 1.52g/t
The potential quantity & grade of Taratung and Au from surface
Tambang Tinggi is conceptual in nature and there
has been insufficient exploration to define a (includes 25m @
Mineral Resource and it is uncertain if further
exploration will result in the determination of a
4.58g/t from 31m)
Mineral Resource
Taratung Prospect
Banded vuggy and bladed texture
quartz vein locally manganese stained 13
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Conclusion – A gold price upside opportunity
For personal use only

Sihayo offers our investors

• 7TH Generation Contract of Work
- highest standing legal tenure achievable in Indonesia
• JORC 2012 compliant Resources
- 1.4MOz (16.9Mt @ 2.6g/t)
• JORC 2012 compliant Reserves
- 554,000 Ounces (7.1Mt @ 2.4g/t)
• Outstanding exploration upside

14
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
For personal use only

Additional Slides

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 For personal use only

Strategic Focus 80%

Concentration of 80% of CSR budget and staff time on
projects that support the CSR vision and intended legacy.
80%
Sustainable
Livelihoods
Agriculture & Husbandry
Small Business
Mine Supply Chain
Resettlement & Illegal Mining

Internal & External

Capacity Building
Workforce Development
Community Organizations
Contractor Management Local/Regional Govt. Capacity

Bedrock Company Values

providing real benefits to all stakeholders
Building a successful Indonesian gold company -

Community HSE
Sihayo/Sorikmas CSR Vision
Sihayo/Sorikmas CSR Strategy

External Stakeholder Engagement

Occupational HSE | Family H&S

Management & Personal Leadership

Public Health (malaria, HIV/AIDS,

etc.)
Social/Environmental

Opportunistic Response 20%

Reservation of 20% of CSR budget and staff time for projects that
respond to political realities, significant unanticipated risks, and/or
unique opportunities for contribution to community development
20%

BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY

16
 Sarulla Power Station
For personal use only

17
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Metallurgical Recovery vs % Sulphide Sulphur
For personal use only

Recovery vs Sulphides - Data Sorted by Sulphide Bands. Both data sets top cut to 96%
recovery, red bottom cut to 15% recovery, blue no lower cut
100
MC03 % Au Recovery
MC10
90
MC01

MC02 80
MC14
MC11 MC04
70
MC09 MC15
MC06 MC05
MC13
60 MC08 Trendline
Recovery

MC12 R² = 0.71
50
R² = 0.81
MC07
40
Trendline

30

20
Weighted Average Weighted Average
LOM Sulphide Sydney Metcomp
Sulphur content is 10
Sulphide Sulphur
0.37%
content is 0.47%
0
0.001 0.01 0.1 1 10
Sulphide Percent

• Further statistical analysis of the geological database within proposed

pits and considering Sydney metallurgical indicates potential
incremental improvement in overall recovery without further testwork
• Additional investigative testwork in in progress on low recovery material
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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Sihayo & Sambung Ore Types
INCREASING OXIDATION
For personal use only

Strong to Intense Weak to Moderate Very Weak to Fresh

Stage 1:
Clay-Pyrite
(Jcp)

Stage 2:
Silicification
(Jsp)

Stage 3:
Opaline
overprint (Jso)

OXIDATION
Very Weak to
Strong to Intense Weak to Moderate
Fresh
Stage 1: Clay-Pyrite (Jcp) JcpSI JcpWM JcpVWF
GOLD MINERALISATION Stage 2: Silicification (Jsp) JspSI JspWM JspVWF
TYPES Stage 3: Opaline overprint
JsoSI JsoWM JsoVWF
(Jso)

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Ongoing Project Optimisation Scenarios
January 2014 DFS & Optimisation
For personal use only

Pre Tax NPV8 Scenario Impacts AISC USD/oz

Millions 120 900
100
850
80

60 800
40
750
20

0 700
DFS NPV Starts at Additional 2% Au IPP Power as of 10% Lower Upside Case
Construction Recovery (2) 01/01/2018 @ Earthmoving
and 50% reduced USD0.16/Kwh Cost 01/04/2022
access road (3) (4)
costs (1)

Optimisation Scenarios demonstrate project sensitivity only and results have not been confirmed
to DFS standard
1. Assumes initial access roadwork and associated land compensation/acquisition performed prior to
project construction (~USD5M). (~USD4M remains for additional roadwork and upgrades)
2. Improved geological modelling and further review on Sydney Metcomps indicates a potential
opportunity based on Au / As / % Recovery relationship
3. USD0.16/Kwhr assumes a commercial IPP arrangement. We expect that USD0.11/Kwhr under a PLN
arrangement yet to be confirmed (Total Project Power Requirement is 36-40Kwhr/t)
4. Lower earthmoving costs are expected due to improved trafficability/productivity as pit moves out of
oxide material.
AISC = All in Sustaining Cash Cost 20
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Ongoing Project Optimisation Scenarios
For personal use only

Sihayo Pungkut Gold Project

Optimisation Scenarios vs January 2014 DFS
Pre Tax NPV8 Ratio
120 2.0
Millions

100
1.5
80
60 1.0
40
0.5
20
0 0.0
1400/oz 1300/oz 1200/oz
Upside Case DFS Upside NPV8:Total Capital Ratio

Optimisation Scenarios demonstrate project sensitivity only and results have not been
confirmed to DFS standard.
Upside Scenario NPV8 assumes;
• Capital cost reduction for access road and land compensation completed prior to Construction
(~USD5M)
• 2% recovery improvement adjustment
• Power Supply cost reduced to USD0.16/Kwhr assuming Independent Power Provider (IPP) in place
from 01/01/2018 (Total Project Power Requirement is 36-40Kwhr/t)
• 10% lower mining costs from 01/04/2022 due to improved productivity in transitional and fresh
material 21
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 7th Generation Contract of Work
For personal use only

North Block

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Rura Balancing
Overview
For personal use only

‐ High potential stand alone target. Discovered by Aberfoyle in the mi-

late 1990s under pre CoW title.
‐ Porphyry stock with abundant bornite, magnetite and chalcopyrite
quartz stockwork veined outcrops. Abundant float rocks of malachite
stained quartz stockwork veined in the main stream below the
porphyry stock outcrop.
- Anomalous stream sediment samples assay result around the
porphyry stock; 1410 ppm Cu, 397ppm Cu, 394 ppm Cu, 26 ppm Mo,
15 ppm mo, 20 ppm Mo and 0.196 ppm Au.
- Ridge and spur soil sampling ( 400m) a long top ridge above the stock,
average assay : 502 ppm Cu, 26 ppm Mo, 95 ppm Lead, 100 ppm Zinc .
- Rock samples assay result from 7 samples , averages; 0.28 % Cu (
maximum 0.57% Cu), 76 ppm Pb, 112 ppm Zn, 310 ppm Mo, and 0.01
g/t Au , 2.3 g/t Ag

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Singalancar
Overview
For personal use only

‐ Area centred ~5-6km north of Rura Balancing

- 25 x 10 m outcrop of Feldspar diorite porphyry with intense quartz
magnetite-malachite–chalcopyrite stockwork veined.
- Anomalous Stream Sediment samples assay result : 0.23 ppm Au, 3
ppm Ag, 377 ppm Cu, 0.46% Pb, 0.13% Zn, 10 ppm Mo.
- Rock chips : 5.12 g/t Au, 319 g/t Ag ,0.62% Cu, 13.7% Zn.
- Early exploration stage

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 North Block Prospects - Other
Rank Prospect Commodity System
For personal use only

1 Sihayo 3 Au Jasperoid Sediment Hosted.

Significant Rock channel sample assay
result : 3 m @ 5 g/t Au; SF : 4.04 g/t Au.
Zone of area with jasperoid out crop
250 by 100 m.
2 Sihayo 4 Au Sediment Hosted and epithermal.
Significant Rock Chips asay result : 9 g/t
Au ( jasperoid) and 18 g/t Au ( qtz
epithermal )
3 Sihayo 5 Au Sediment hosted overprint with
epithermal.
Significant Rock Chip assayed result :
35.8 g/t Au ; 13.8 g/t Au; 5.69 g/t Au.
4 Sihorbo Au Ephitermal, drilling target . Inferred
geology resource 200.000 Ounces Au.

5 Kaporas Au Epithermal, drilling target. Significant

result DC : 200 g/t Au, Intense N-S
striking qtz vein with 5 -25 g/t Au.
6 Adian Au,Cu Porphyry system. Large area of clay
Godang pyrite alteration with a lot of thin qtz
veinlets.
7 Nabontar Au Jasperoid floats with abundant opaline
silica: 6 g/t Au, 9 g/t Ag, 0.16 % As

8 Mentari Au Wide spread Jasperoid hill floats with

average 1 g/t Au

25
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 7th Generation Contract of Work
For personal use only

South Block

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Tambang Tinggi
Overview
For personal use only

‐ Porphyry prospect mineralisation is intrusive related with styles

observed to date including;
o silica-sercite-pyrite-bornite-chalcopyrite-pyrite-tormaline alteration with
limonite veins/fractures hosting gold
o multi phase quartz veins that host chalcopyrite, bornite, tetrahedrite,
arsenopyrite and yield up to 31g/t Au and 0.9% Cu in rock chips
o intermittent quartz veins and andesitic volcanics that contain up to
20.1g/t Au
o copper skarn mineralisation with up to 4.7% Cu and anomalous gold in
rock and float samples
2012
- 4 holes drilled (960m). Best results to date;
TTDD008 63m @ 0.55g/t Au and 0.09% Cu from 196m
TTDD011 46m @ 0.35g/t Au and 0.13% Cu from 116m

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Tambang Tinggi
2011
For personal use only

‐ Surface work including mapping, rock chip sampling, IP survey and

airborne magnetic/radiometric survey.
‐ 1,814m drilling completed, best results;
‐ TTDD010 10m @ 39.2g/t Au from 18m, includes 2m @ 193g/t Au from
20m
‐ TTDD006 30m @ 3.90g/t Au from 104m including 12m @ 8.60g/t Au
from 122m
2010
- Gridding in progress for IP survey
- Detailed mapping & sampling
2006 - 2007
- Scout drilling 5 holes (634m) &
ground magnetic survey
o Best intercept 112.6m @ 1.52g/t
Au from surface, includes 4.58g/t from 31m
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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Taratung
Overview
For personal use only

‐ Banded epithermal quartz vein float & outcrop that has assayed up to
167g/t Au and 384g/t Ag, within a 350m long section of 1.2km long,
NNW trending clay-pyrite alteration zone
‐ Historic trenching contained an intersection of 5m @ 57.7g/t Au and
312g/t Ag
2004 - 2005
- Field camp constructed, GPS/tape and compass survey grid, geological
mapping, soil geochemistry survey and ground
magnetic survey completed
- Further work has been postponed due to concerns
expressed by local villagers

Taratung Prospect
Banded vuggy and bladed texture
quartz vein locally manganese stained
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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Babisik
Overview
For personal use only

‐ Low sulphidation epithermal identified during Tambang Tinggi

exploration. Underlain by Permian volcanic agglomerates that are
unconformably overlain by sandstones and conglomerates to the
north of the prospect area. A number of quartz veins, +manganese,
+limonite up to 15m wide are traceable over 500m of strike length.
2012
- Surface mapping (51 samples)
and soil samples (858 samples)
were collected. Best rock chip
results to date yielded 5.32g/t
Au and up to 400g/t Ag.

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Huta Pungkut (Pionggu)
Overview
For personal use only

‐ Principal prospects are in the Tambang Ubi to Siayu-Parit Sunda

(Mesozoic copper-gold skarn zone with Tertiary porphyry copper
potential) and Tambang Hitam (epithermal gold). There are also zinc-
lead skarn occurrences
‐ Located ~5km northwest of Tambang Tinggi within same mineralised
corridor.
2011
- BLEG sampling initially highlighted
mineralisation potential, and
aeromagnetic survey defined
coincident strong magnetic anomalism
- Initial rock chip sampling has
yielded Au in skarn with values
as high as 44.6g/t Au and 18% Cu

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Nalan Julu
Overview
For personal use only

‐ Identified in 1997 by 29.6g/t Au assayed from colloform-crustiform-

banded breccia quartz vein boulder and Au anomaly BLEG results.
Historic low sulphidation epithermal quartz vein stream float boulders.
2009
- Regional mapping and sampling follow-up of original boulder that had
disappeared. Float boulder composite sample returned 60.5g/t Au and
777g/t Ag, and sub-cropping epithermal quartz veins returned 118g/t
Au and 1,080g/t Ag

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Tambang Ubi
Overview
For personal use only

‐ Dutch Tambang Ubi skarn Au-Cu underground mine area. Historic

production ended 1939 prior to WW2, ~100Kt ore treated with
recovered grades of 6.2g/t Au, 2.8g/t Ag & 0.24% Cu
2007
- 11 holes drilled (1,153m) adjacent to deposit and down plunge to test
mineralisation at depth.
- Ground magnetics completed
2005 - 2006
- Surface and underground mapping and sampling

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BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY
 Mandagang
Overview
For personal use only

‐ Prospect discovered as a result of investigations by Aberfoyle in 1993

‐ Contains abundant (30-50 %) porphyry type quartz –magnetite
stockwork
‐ Magnetic survey completed
o 215 line km along N-S gridlines with spacing 200 m ( 100 m infill over the
Mandagang-Batimba porphyry stock ).
‐ Induced Polarisation /Resistivity survey.
o Spacing 200 m with 100 m infill over the Mandagang-Batimba prospect.
‐ Channel sample assay result ( maximum ); 0.53 g/t Au, 0.2 % Cu, 540
ppm Mo.
‐ Scout diamond drilling in October-November 1996 with 4 drillholes
and total depth 832.4 m.
o Best result; 135 m at 0.083 % Cu – 0.170% Cu, 94ppm Mo – 320 ppm Mo and 0.05
g/t Au – 0.90 g/t Au.

34
BUILDING A SUCCESSFUL INDONESIAN BASED GOLD COMPANY