Investment Highlights

  • Definitive Feasibility Study completed in October 2018, confirming a robust, long-life and low cost gold project

  • Exploration underway with good early results

  • 100% ownership of the Awak Mas Gold Project in Sulawesi, Indonesia through our wholly-owned subsidiary, PT Masmindo Dwi Area

  • PT Masmindo is the holder of a 7th Generation Contract of Work (CoW), in partnership with the Indonesian Government. The CoW provides for secure tenure to 2050 with options for two ten-year extensions under the IUPK system.

  • Amendments to the CoW were signed in March 2018, confirming PT Masmindo as the sole holder of the CoW.

  • The new robust geological model developed in May 2017 from the reappraisal of some of the 1,000 diamond drill holes stored at site has now been validated by the completion of a 11,000 m drilling program (2017 - 2018) that has resulted in an upgrade of our Mineral Resource:

    • Total Indicated and Inferred Resource (including the Awak Mas, Salu Bulo & Tarra deposits) of 45.3 Mt at 1.4 g/t Au for 2.0 Moz (May 2018)

    • Higher grade sub-vertical feeder structures provide further potential at depth

    • Broad continuous zones of mineralisation defined at the Awak Mas deposit over a 1.7km x 1.0km area

    • Two satellite resources at Salu Bulo and Tarra

  • In September 2018, an updated Ore Reserve was released of 1.1 Moz.

  • The project is supported by good established infrastructure including access to ports, airports, roads and low-cost grid power.

  • The Awak Mas Gold Project is expected to be a low cost, long life gold mine (excess ten years) producing around 100,000 oz per year.

Nusantara aims to increase shareholder value through advancing the Awak Mas Gold Project towards development in the near term by:

  • Focused drilling and geological work aimed at converting Mineral Resources into Ore Reserves.

  • Extensional drilling seeking to increase the mining inventory and add additional value to the project.

  • Leveraging off the previous extensive technical work and favourable logistics including low cost grid power.

  • Consultation, engagement and building strong relationships with local stakeholders and government.



Hear Mike Spreadborough discuss the strategic relationship with Indonesian cornerstone investor, PT Indika Energy Tbk.

Presentation by Nusantara Resources, Managing Director, Mike Spreadborough at Brisbane Resources Round-up 2018

Exploration update from the Managing Director

Definitive Feasibility Study update from the Managing Director

Corporate Video - October 2018

June 2018 Quarter update with Managing Director, Mike Spreadborough

Presentation by Managing Director Mike Spreadborough at the RIU Sydney Resources Round-up.

Following the recent announcement of a maiden Ore Reserve at Nusantara's Awak Mas Gold Project, Managing Director Mike Spreadborough provided the following video update to shareholders.



Click image above to view.




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We set high standards of ethics (doing what is right), honouring our commitments, and seeking relationships that are mutually beneficial.



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We strive to achieve superior outcomes by focusing on action, continual improvement, and challenge the way we do things.