WON@300x-8.png

Wonogiri

COPPER GOLD PROJECT

Central Java, Indonesia

  • SUNDA MAGMATIC ARC

  • Copper Gold Project

  • 3,928 ha

  • Porphyry and Epithermal 

  • ADVANCED 1 Moz Au-Cu PORPHYRY OPEN AT DEPTH.

  • POTENTIAL FOR NEAR TERM MINE DEVELOPMENT.

  • HIGH GRADE PERIPHERAL EPITHERMAL PROSPECTS ONLY SCOUT DRILLED.

Background

  • Advanced 3,928hectare IUP (Exploration Mining Permit) for porphyry and epithermal gold and base metals.

  • 1.15 million oz gold equivalent JORC mineral resource comprising:

    • 996 thousand oz of gold (53% measured & indicated) and;

    • 190 million pounds of copper (43% measured & indicated).

  • Excellent metallurgical results: up to 89.0% recovery of gold and 93% of copper via flotation, with potential for 55% recovery of gold by gravity.

  • Shallow gold rich porphyry
    deposit returning consistent wide economic grade Au and Cu intersections from surface with only the top 500m tested to date.

  • Deposit remains open at depth with potential for additional Au within adjacent epithermal veins.

  • Exploration includes 19,775m of drilling, mostly at the Randu Kuning porphyry deposit.

Significant intercepts

Deposit remains open at depth with drill hole IWG 02 returning 37 m at 1.77 g/t Au and 0.23% Cu from 458 m (including 1m at 6 g/t Au).

Data From Table:

“The Randu Kuning Deposit remains open at depth. Previously deeper intersected
higher-grade zones may be amenable to selective underground mining after initial open pit mining.”        

REGIONAL EXPLORATION TARGETS

Additional Epithermal Prospect

Previous scout drilling adjacent to the Randu Kuning deposit was completed at Gawe, Bukit Piti, Bukit Tumbu, Geblak, Jangglengan and Kepil prospect areas.

Jangglengan Prospect Area

  • Initial scout hole WDD56 intersected.

  • 3m at 7.79 g/t Au, 9.0 g/t Ag, 0.29% Cu and 0.38% Zn from 70.0 metres including 1m of 15.90 g/t Au and 20.7 g/t Ag.

  • 7m at 2.64 g/t Au and 1.7 g/t Ag from 120m , including 1m of 14.8 g/t Au and 4.0 g/t Ag.

  • Follow-up drill hole WDD67 intersected 0.8m of 20.4 g/t Au at 187.7m.

Kepil Prospect Area

  • Scout hole WDD58 intersected 36m of 0.28% Cu from 25m.

  • WDD59 intersected 6m of 0.83 g/t Au from 36m, includes 2m of 1.1 g/t Au from 38m.

  • Bottom 2m (148-150) of last hole (WDD72) contained  3.75g/t Au & 24.2 g/t Ag.

Planned Exploration Activities

In-fill drill program planned for the Randu Kuning deposit to support feasibility study and test for potential deposit extensions at depth. Continued exploration drilling of adjacent epithermal Au prospects.