Agincourt Resources: Expression of interest for underground diamond drilling services

EXPRESSION OF INTEREST FOR UNDERGROUND DIAMOND DRILLING SERVICES

PACKAGE NO. M-0430-25

PT Agincourt Resources (PTAR) specialises in gold and silver exploration, mining, and processing at the Martabe Gold Mine in South Tapanuli, North Sumatra. PTAR is headquartered in Jakarta and employs over 3,000 workers as of 2024, with more than 99% being Indonesian citizens and over 70% recruited locally. Committed to safe, sustainable operations, PTAR prioritises minimising environmental impact while delivering long-term benefits to local stakeholders.

The Martabe Gold Mine, located in South Tapanuli Regency, North Sumatra, operates across 646.08 hectares as of December 2024. Since production began on 24 July 2012, the mine has processed over 6 million tonnes of ore annually, producing more than 200,000 ounces of gold and 1-2 million ounces of silver annually.

The Martabe Gold Mine operates under a 30-year Contract of Work (CoW) with the Government of Indonesia. The original concession (6,560 km², 1997) has been refined to 130,252 hectares (1,303 km²), covering South Tapanuli, Central Tapanuli, North Tapanuli, and Mandailing Natal Regencies

PTAR invites one (1) qualified and highly experienced contractor to tender for Underground Diamond Drilling Services. The scope includes, but is not limited to:

No	Project Overview
1.	Drilling type: PQ-HQ-NQ core drilling
2.	Average depth range: 400-700 m (availability of a rig capable of ~1,000 m is an advantage)
3.	Hole Orientation: Inclined and declined
4.	Rig power: Electric-powered hydraulic rigs only
5.	Estimated Meterage: ~10,000 meters in the first 12 months, with potential extension

Minimum Requirements

- Demonstrable track record delivering similar underground diamond drilling services for 25 years, preferably in the gold mining sector

- Full compliance with applicable Indonesian laws and regulations, including Occupational Health & Safety (OHS, Environmental, and Mining Safety standards

All contractors must comply with applicable Indonesian laws and regulations, including Occupational Health & Safety (OHS), Environmental, and Mining Safety standards.

Interested contractors must have a proven track record of delivering similar services for a minimum of five (5) years, preferably within the gold mining sector.

Registration Period

15-28 October 2025 (WIB, UTC+7).

Please submit your Expression of Interest via email (max. 10 MB per email) to: MTB-MDG-MartabeSupplyContract@agincourtresources.com.

Your submission must include copies of the following valid company documents:

1. Valid company licences (IUJP, NIB/TDP, NPWP, SPPKP, Company Deeds)

2. List of clients and past relevant project experience

3. Client acknowledgements / reference letters

4. Company profile highlighting underground drilling experience

5. Available equipment and support infrastructure

6. Preliminary technical and commercial capabilities

Only shortlisted candidates will be contacted for the next stage of the procurement process.

Detailed tender documents will be provided to shortlisted bidders only.

PTAR reserves the right to accept or reject any EOI and to proceed with the process at its sole discretion.