Merdeka Gold Resources Advances Pani Gold Project

Major Milestone Achieved with Ore Feeding Initiation

PT Merdeka Gold Resources Tbk (EMAS), a prominent player in Indonesia's mining sector, has officially commenced ore feeding operations at its substantial Pani Gold Mine located in Pohuwato Regency, Gorontalo Province. This critical development marks the beginning of the mine's operational phase and represents a significant step towards achieving the company's target of first gold pour in the first quarter of 2026.

Project Progress and Key Infrastructure

As of the end of October 2025, the construction of the Pani Gold Mine has reached an impressive 83% completion rate. The development encompasses crucial facilities essential for gold extraction and processing, including the heap leach pad and ADR (Adsorption-Desorption-Recovery) plant, alongside supporting infrastructure necessary for operational efficiency.

Management Perspective and Future Outlook

Boyke Poerbaya Abidin, President Director of EMAS, expressed gratitude for the progress achieved, stating that the project is on track to meet its production timeline. The successful initiation of ore feeding demonstrates the collective effort of the project team and stakeholders involved. The company remains committed to achieving its production targets while maintaining operational excellence and safety standards.

Strategic Significance

The Pani Gold Mine represents a significant investment in Indonesia's mining sector, contributing to both local economic development and national mineral production. As the project nears completion, it is poised to become a substantial contributor to the company's gold output and overall business performance in the coming years.