Darma Henwa Advances Gayo Gold and Copper Project

Exploration Progress and Future Plans

PT Darma Henwa Tbk (DEWA), through its subsidiary PT Gayo Mineral Resources (GMR), is making significant progress in its gold and copper mining project. According to Mukson Arif Rosyidi, Director & Corporate Secretary of Darma Henwa, the company has completed the first phase of exploration activities. These activities include drilling operations, geotechnical measurements, hydrological testing, and the development of a laboratory to analyze samples.

The completion of the first phase marks a crucial step in assessing the potential of the Gayo project. DEWA is now preparing to undertake the second phase of exploration, which will focus on further delineating the mineral resources and reserves. This phase is critical in determining the commercial viability of the project and planning for future mining operations.

Significance of the Gayo Project

The Gayo gold and copper project is a significant undertaking for Darma Henwa, representing a major opportunity for growth in the mining sector. The successful development of this project could have positive implications for the company's financial performance and its position in the Indonesian mining industry. Moreover, as a major mining project, it is expected to contribute to the local economy and potentially create employment opportunities.

Challenges and Considerations

Mukson Arif Rosyidi emphasized the need for caution in determining the parameters of mineral reserves and resources. This cautious approach reflects the complexities involved in mining projects, where accurate assessment of resources is crucial for project viability and investor confidence. The careful planning and execution of the exploration phases underscore Darma Henwa's commitment to responsible and sustainable mining practices.