PT Agincourt Resources

EXPRESSION OF INTEREST FOR DIAMOND DRILLING SERVICES

PACKAGE NO. M-0372-24

PT Agincourt Resources (PTAR) specialises in gold and silver exploration, mining and processing within the Martabe Gold Mine. Our operational area is situated in the Province of North Sumatra, with overall management functions based in Jakarta.

In 2023 employing a workforce of over 3,000 employees and contractors. Over 99% of our workforce are Indonesian Citizens (WNI), with more than 70% locally recruited. Going forward, the Company will continue to be committed to implementing operational activities to secure and sustainable operations, minimal environmental impact and long-term benefits for local stakeholders.

The Martabe Gold Mine, situated in South Tapanuli Regency, North Sumatra, spans 657 hectares per December 2023 and commenced production on July 24, 2012. It boasts an annual capacity exceeding 6 million tonnes of ore, resulting in an annual output of over 200,000 ounces of gold and 1-2 million ounces of silver.

All of the operation activity is governed by a 30-year Contract of Work (CoW) in collaboration with the Government of Indonesia, the mining area has evolved from the original 6,560 km2 in 1997 to its present refinement of 130,252 hectares (1,303 km2), encompassing the South Tapanuli, Central Tapanuli, North Tapanuli and Mandailing Natal Regencies. As of June 2023, the mineral resources totalled 6.2 million ounces of gold and 59 million ounces of silver.

Exploration constitutes a vital aspect of our business, dedicated to augmenting resources and uncovering new deposits within the framework of our contractual obligations. The oversight of the diamond drilling contract falls under the purview of the Exploration department.

We extend a warm invitation to proficient and experienced providers of Drilling Services to engage in delivering Diamond Drilling Services. It is imperative to note that this tender exclusively pertains to Diamond Drilling Services; the provision of fuel is not encompassed within its scope. The services sought encompass, yet are not restricted to, the following:

No	General Requirement
1	Diamond Core Drilling: a. There is a fluctuating demand ranging from 4 to 8 heli-portable diamond drill rigs. b. The Fleet will comprise: • 4 rigs with the capacity to drill to depths of 700m using the NQ size, with 2 of them equipped for horizontal drilling. • 2 rigs capable of drilling to depths of 1200m using the NQ size.
2	Support vehicles will be available for transporting personnel and lightweight equipment.
3	Provide on-site workshop and storage facility.

Tender registration will be open from April 18th to May 2nd, 2024, closing at 17:00 WIB. Interested parties should send their Expression of Interest via email to the Tender Administrators at MTB-MDG-MartabeSupplyContract@agincourtresources.com, along with the following details and company legal documents listed below (each email not exceeding 10 MB).

Interested parties are required to submit their Expression of Interest accompanied by the following:

1. NIB (Nomor Induk Berusaha) and/or TDP (Tanda Daftar Perusahaan)

2. IUJP

3. NPWP

4. SPPKP

5. Company Deeds (both establishment and the latest amendment)

6. List of Clients and Experience and References

Please be advised that only shortlisted candidates will receive notification regarding the subsequent stages of the selection process.