Release: Antam monthly exploration report for June 2013

Monday, July 15 2013 - 12:57 AM WIB

(Jakarta, July 15, 2013)--PT Antam (Persero) Tbk is pleased to announce its exploration report for June 2013 in accordance with the Indonesia Stock Exchange listing rules.

Antam?s exploration activities were focused on nickel, gold, bauxite, and coal in June 2013, with total preliminary cost of Rp19.8 billion.

GOLD
Antam conducted gold exploration activities at Pongkor and Papandayan, West Java: Cibaliung, Banten; and Batulicin, Jambi in June 2013. During the period, ANTAM spent Rp13.8 billion for gold exploration activities.

Exploration activities at Pongkor, West Java were consisted of geological mapping, core logging, core sampling, drilling, gravity and core analysis, as well as geological evaluation and modeling.

At Papandayan, West Java, Antam performed geological mapping, core logging, hand-auger/soil sampling, core and rock sampling, drilling, magnetic geophysical measurement, drill track measurement, GF track measurement, geochemical track measurement, sampling and point-load testing, core/rock/soil analysis, as well as geological evaluation and modeling.

At Cibaliung, Banten, Antam conducted geological mapping, core logging, soil sampling, core and rock sampling, drilling and geological modeling and evaluation.

Meanwhile; at Batulicin, Jambi, Antam performed geological mapping, core logging, rock and TSG samplings as well as geological evaluation and modeling.

NICKEL
Nickel exploration activities were conducted in Buli, North Maluku; Pomalaa, Southeast Sulawesi ; and Pulau Gag, West Papua in June 2013.

At Buli, North Maluku, Antam conducted semi-detailed geological mapping, topographical measurements, drilling-grid and geophysical measurements, drilling, core logging, core, pet/mm, and XRD samplings; as well as SG and MC measurements.

The exploration activities at Pomalaa, Sulawesi Tenggara were consisted of semi-detailed geological mapping, drilling, core logging, core sampling, density and MC measurements, grid measurement, and polygonal measurement.

Antam conducted drilling, core logging, core sampling, grid measurement, as well as density and MC measurements at Gag Island, West Papua.

Antam spent Rp3.5 billion on nickel exploration activities in June 2013.

BAUXITE
ANTAM conducted bauxite exploration activities at Tayan and Munggu Pasir, West Kalimantan with total exploration cost of Rp2.3 billion in June 2013. The exploration activities were comprised of detailed geological mapping, test pitting, test-pit logging and sampling.

COAL
In June 2013, ANTAM conducted a series of coal exploration activities in Tebo, Jambi, which consisted of geological mapping, track measurement, sampling, and drilling. The total cost for these activities amounted to Rp242.3 million. (end of release)

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