Release: ANTAM monthly exploration report for March 2014

(April 14, 2014) -- PT ANTAM (Persero) Tbk is pleased to announce its exploration report for March 2014 in accordance with the Indonesia Stock Exchange listing rules. ANTAM?s exploration activities were focused on gold and nickel in March 2014, with total preliminary cost of Rp3 billion.

GOLD
ANTAM conducted gold exploration activities at Pongkor and Papandayan, West Java; Batangasai, Jambi and Air Niru and Telatang, Bengkulu in March 2014. During the period, ANTAM spent Rp1.9 billion for gold exploration activities.

Exploration activities at Pongkor, West Java were conducted for data verification and validation, vein distribution field survey, as well as ore body modeling.

At Papandayan, West Java, ANTAM performed hand-auger measurement, core and soil sampling, spectral geology test preparation and analysis as well as magnetic susceptibility test preparation and measurement.

Exploration activities in Batangasai, Jambi included detailed geological mapping, ground magnet, and structure and alteration studies.

Meanwhile, at Air Niru, Bengkulu, ANTAM?s exploration activities were intended to localize vein system distribution, both on the surface and underground.

NICKEL
Nickel exploration activities were conducted in Pomalaa, Southeast Sulawesi in March 2014.

The exploration activities at Pomalaa, Sulawesi Tenggara consisted of semi-detailed geological mapping, topography measurement, drilling and geophysics measurements, drilling, core logging, core sampling and petmin, geophysics resistivity, SG & MC measurements and preparation.

ANTAM spent Rp1.1 billion on nickel exploration activities in March 2014. (ends)