“The ITE report and Indika’s equity investment of US$15M for 25% of the project are significant steps for Awak Mas. Nusantara warmly welcomes Indika into the Awak Mas project vehicle, noting their proven track record in developing, operating and financing mining projects in Indonesia. In particular we look forward to leveraging their experience and proven ability to secure bank financing” Nusantara’s MD Neil Whitaker said.
“The early drilling results are outstanding, yielding up to 43m of gold mineralization, intervals of 8m at 6.69 g/t, 5m at 7.18 g/t and exceptional grades of up to 19.0 g/t and 15.64 g/t” MD Neil Whitaker said in a recent announcement.
“At a time when we are already funded through to early next year and are on track with our debt financing to take us into construction, when you could expect a re-rating of our share price, investors might think that now is the time. We certainly offer a better opportunity for growth than the big established gold operators that trade close to their market capitalisation” he said in a recent interview.
31st May 2024
8th May 2024
4th May 2024
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