Release: ANTAM monthly exploration report for August 2016
Monday, September 12 2016 - 03:16 AM WIB
(September 12, 2016)--PT ANTAM (Persero) Tbk (ASX - ATM; IDX - ANTM; ANTAM) is pleased to announce its exploration report for August 2016 in accordance with the Indonesia Stock Exchange listing rules.
ANTAM's exploration activities were focused on gold and nickel in August 2016, with total preliminary cost of Rp1.74 billion.
GOLD
In August 2016 ANTAM conducted gold exploration activities in Pongkor, West Java. In Pongkor, ANTAM conducted core drill analysis, core drill sampling, core drilling, core sampling dan core logging. Total gold exploration cost in August 2016 reached Rp958.85 million.
NICKEL
Nickel exploration activities were conducted in Pomalaa, Southeast Sulawesi. Exploration activities consisted of, among others, geological mapping, surface sampling, core sampling, core logging, petrography sampling, single drilling and grid measurement. Total nickel exploration cost in August 2016 reached Rp781.67 million. (end of release)
