Release: ANTAM monthly exploration report for August 2019
Friday, September 13 2019 - 03:02 PM WIB
(September 12, 2019)--PT Aneka Tambang Tbk is pleased to announce its exploration report for August 2019 in accordance with the Indonesia Stock Exchange listing rules, ANTAM’s exploration activities were focused on gold, nickel and bauxite in August 2019, with total preliminary cost of Rp6.17 billion.
GOLD
In August 2019 ANTAM conducted gold exploration activities in Pongkor, Cibaliung and inspection of prospective area. In Pongkor, conducted geological modeling and drilling. Meanwhile in Cibaliung, ANTAM conducted geological mapping, geophysics and drilling test. Total gold exploration cost in August 2019 reached Rp3.74 billion (unaudited preliminary figure).
NICKEL
Nickel exploration activities were conducted in Pomalaa and Tapunopaka, Waylukum and inspection of prospective area. ln Pomalaa and Tapunopaka and also Waylukum, ANTAM conducted geological mapping, core sampling, core logging and single tube drilling. Total nickel exploration cost in August 2019 reached Rp1.71 billion (unaudited preliminary figure).
BAUXITE
Nickel exploration activities were conducted in Tayan and Mempawah, West Kalimantan and inspection of prospective area. In Tayan and Mempawah, ANTAM conducted geological mapping, test pit, grid measurement, geodetic GPS measurement and rock sampling. Total bauxite exploration cost in August 2019 reached Rp724.32 million (unaudited preliminary figure). (ends)