Summary

Mine Type	Open Pit
Study Completed	Feasibility
Stage	Permitting
Commodities	Copper
Mining Method	Truck & Shovel / Loader
Project Timeline	...
Mine Life	...
Snapshot	Beruang Kanan Main (BKM) Stage 1 Project has been engineered as a simplified, lower-CapEx, staged-build operation focused on near-surface, higher-grade ore, designed to deliver LME Grade A copper cathode. The long-term strategy adopts a phased approach, building on the foundation of the initial BKM heap-leach operation: • Phase 1A – Expansion of the BKM heap-leach operation; • Phase 2 – Processing of in-situ sulphide copper resource at BKM and copper in spent heap-leach ore; • Phase 3 – Development and integration of high-grade BKZ polymetallic deposit. Next Steps include: • Early engagement of construction contractor(s); • Finalisation of key permitting activities; • Preparation for detailed engineering design and project execution; • Targeting a Final Investment Decision (FID).

Deposit type

• Porphyry
• Vein / narrow vein
• Epithermal

Summary:

The BKM Project is within the Kalimantan Surya Kencana Contract of Work (KSK CoW) which is a statutorily recognised tenement under Indonesian Mining law.

The KSK CoW is situated within a mid-Tertiary age magmatic arc that hosts a few medium to large scale epithermal gold deposits (Kelian, Indo Muro) and significant prospects such as Muyup, Masupa Ria, Gunung Mas and Mirah.

Exploration and evaluation of the KSK CoW has centred on four primary areas (Baroi, Beruang Tengah, Beruang Kanan and Mansur, where activities have focused on identifying porphyry and related epithermal styles mineralisation.

At the Beruang Kanan Main Zone deposit, copper is the only element of economic interest, occurring as chalcocite, covellite, bornite and chalcopyrite replacement of pyrite in veins and less common fracture fill settings. The BKM deposit is structurally controlled and has been delineated as:
• Twenty-five laminated stacked and adjacent domains dipping on average easterly at 30 degrees (10 to 45 degrees dips) over a northerly strike length of 1,300m, across a total width of 900m and a vertical extent of 450m;
• Centred on three areas whose lateral and vertical extents are well defined;
• Having extensive and intense alteration throughout the mineralised zone.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Oct 16, 2025
.......................	.......................		Oct 16, 2025

Total Workforce	Year
......	2025
......	2023