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Nusantara Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Awak Mas | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/31/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2020: Nusantara Resources Ltd. announces an Exploration/Drilling Update report for its Awak Mas deposit at the Awak Mas project. Drilling results incl. 13.5m @ 1.33g/t Au, 3.19g/t Ag, 84ppm Cu from 0.0m. Nusantara Resources Limited (Nusantara) and pa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin McMillan (Internal) | |
| ABSTRACT: | Nusantara Resources Limited (Nusantara) and partner PT Indika Energy TBK (Indika) in December 2019 announced a Conditional Agreement that provided the pathway for project funding and development of the 2.0Moz1 Awak Mas Gold Project (Project), Indonesia. Since that time substantial progress has been made on the various legal agreements which form key conditions and a shareholder meeting to approve the transaction being targeted for April 2020. | |
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