Release: ANTAM monthly exploration report for November 2016

(December 9, 2016)--PT ANTAM (Persero) Tbk is pleased to announce its exploration report for November 2016 in accordance with the Indonesia Stock Exchange listing rules.

ANTAM?s exploration activities were focused on gold and nickel in November 2016, with total preliminary cost of Rp1.63 billion.

GOLD
In November 2016 ANTAM conducted gold exploration activities in Pongkor, West Java. In Pongkor, ANTAM conducted core drill analysis, core drill sampling and core drilling. Total gold exploration cost in November 2016 reached Rp717.72 million (unaudited preliminary figure).

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 November 2016 reached Rp908.71 million (unaudited preliminary figure). (ends)