Alason (Indonesia)

Area of approximately 18 hectares of high grade volcanic ore body in a rich mineralisation area about 3 hours west of Manado.

Net revenue from production is shared between the parties on a 30/70 basis. To date, 2 leachpads (and associated infrastructure) have been constructed with a total processing capacity of 42,000 tonnes of ore. Initial processing took place in February 2020, producing approximately 280 oz. of au.

Up until March 2022, 3 production runs on the Alason leach pad were completed, with a total production of 15kg of 99% pure Au, valued at around $900k.

We recognize the importance of sustainability and have taken initial steps to implement a social responsibility plan that aligns with environmentally sustainable practices. By doing so, we are able to not only operate within the sensitive environment but also contribute to its preservation and protection.

Most importantly, as our operations are currently based mainly in ecologically sensitive tropical rainforest areas, we conduct our mining and processing activities on an environmental platform. For example, our tailings ponds and leach pads are closed systems lined with heavy-duty plastic liners to prevent possible leakage of chemicals into the subsoil.

After leaching runs, the processed ore remaining on the leach pad is typically washed for two days with fresh water to remove any traces of chemicals before being returned to excavation sites and replanted with native plant species.

At our original operation in Manado, Indonesia, where processing is not heap leach based but centred around five heavy-duty floatation tanks where the crushed ore is mixed with water and chemicals to isolate the au content, tailing ponds and water reservoirs are fully lined. Smelting is conducted offsite in a sealed, ventilated, special-purpose facility.