Merdeka Gold Resources Tbk, PT

Brief of Company Background

At Pani Mountain on the island of Sulawesi, PT Merdeka Gold Resources Tbk (MGR) is developing the Pani Gold Project, which will become one of the largest primary gold mines in Indonesia and the Asia-Pacific. The Pani Gold Project contains more than 7 million ounces of gold with a multi-decade mine life.

MGR operates under PT Merdeka Copper Gold Tbk (IDX: MDKA), which has a proven track record operating the Tujuh Bukit Gold Mine in Banyuwangi, East Java. Leveraging this expertise, MGR aims to unlock the full potential of Pani Mountain—a historic gold-producing region since the 19th century—located in Hulawa Village, Pohuwato Regency, Gorontalo Province, Central Sulawesi.

The Pani Gold Project is managed through several MGR subsidiaries responsible for mining operations, processing, and supporting infrastructure. The project is designed as an open-pit mine and is being developed in phases.

The initial phase of development of the Pani Gold Project uses the heap leach processing method with a capacity of 7 million tons of ore per year, with a production target of approximately 140,000 ounces of gold per year.

In the next phase, MGR will build a carbon-in-leach (CIL) facility with an initial capacity of 7.5 million tons per year and will expand to 12 million tons by 2030. The combined heap leach and CIL capacity will reach 19 million tons per year, with potential peak production of up to 500,000 ounces of gold per year. First gold production is expected in Q1 2026.

The project will be developed sustainably, applying good mining practices and a strong commitment to social and environmental development.

VISION

To become a world-class company that grows sustainability, upholds integrity, and creates long-term value for our stakeholders.

MISSION

1. To manage and develop Indonesia’s mineral resources efficiently, safely, sustainably, and responsibly.
2. Implementing sustainability across all business activities, with a commitment to safety, environmental responsibility, and social contribution to the communities.
3. Carrying out sustainable mining practices and creating added value through continued exploration, asset potential development, and adaptive, long-term business strategies.
4. Upholding corporate governance that is transparent, ethical, and accountable.

Shareholder List

Management