Overview of ANTAM's exploration report until September 30, 2024

PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM) has released its exploration report for the period ending September 30, 2024. The company's total exploration cost amounted to Rp125.89 billion (unaudited preliminary figure) and was primarily focused on gold, nickel, and bauxite.

Executive commentary on exploration activities

ANTAM's exploration activities until September 30, 2024 were concentrated on gold, nickel, and bauxite. The company conducted gold exploration activities in Pongkor, West Java, while nickel exploration was carried out in North Konawe, Pomalaa, and Buli. Additionally, bauxite exploration activities took place in Tayan and Landak, West Kalimantan. These activities are crucial to ensure the adequacy of the company's strategic mineral resources and reserves potential, as well as to support the sustainability of operations and the initiation of nickel downstream development.

Summary of ANTAM's exploration report and outlook

ANTAM's exploration report for the period ending September 30, 2024, highlights the company's focused efforts on gold, nickel, and bauxite exploration. The total exploration cost of Rp125.89 billion underscores ANTAM's commitment to advancing its mineral exploration activities. The company's strategic mineral resources and reserves potential are integral to its corporate strategy, and the exploration activities aim to support operational sustainability and the development of nickel downstream initiatives. ANTAM's exploration endeavors signify its dedication to maintaining and enhancing its position in the mineral resources industry.