INNOVATION AND IMPROVEMENT

KEY INITIATIVES TO IMPROVE EFFICIENCY AND PRODUCTIVITY

Our goal is to Increase the productivity level of our mining contractors while continuing to achieve industry best standards.

At the same time, we are working to increase gold mining capacity through continuous exploration, as well as increasing gold recovery processing through the effective utilisation of tools and process at the Martabe Gold Mine, including the construction of a new tailings management facility (TMF) and the completion of a FS Sulphide Project.

Rejuvenation of management systems at the Martabe Gold Mine to enhance our Martabe Operation Excellence.

MARTABE IMPROVEMENT PROGRAM

Since its inception in 2013, has increased asset optimisation and reduced costs.

Several major i projects to improve processing plant operations have been completed including the commissioning of a Oxygen Shear Reactor for improved metal recovery, and a ReCYN cyanide and copper recovery plant for reducing cyanide consumption. We have also expanded ,mill capacity through the installation of a new Metso Vertimill unit to deliver increased throughput capacity.

Additionally,  major initiatives to improve mining operations were realized, including the expansion of the mining fleet to introduce  60-ton class articulated haul trucks, and the deployment of differential energy blasting products for improved blasting efficiency, leading to reduced costs.

These improvement initiatives are referred to as the PT Agincourt Resources Innovation Program (ARIP), reflecting the company’s broader focus on innovation and continued improvement across its mining operations.

MARTABE PROJECT DEVELOPMENT

Established in 2019, is primarily focused on addressing the Martabe Gold Mine’s near-term and long-term operational challenges, including declining gold grades, changing ore treatment characteristics (i.e., increasing sulphides) and the need for additional tailings and waste management facilities. The MPD team conducts detailed studies to find practical and cost-effective solutions to the address these challenges, while also ensuring that any  solutions meet all relevant social, environmental and regulatory requirements. Key activities included:

In 2021, we continued our investments in the exploration programme, with the primary objective of identifying additional resources and reserves

In addition to near mine activities, access to regional areas in the contract of work enabled exploration programmes to be conducted on the Goting and Kapur prospect, approximately 30 km southeast of Martabe where drilled targets have been identified and partially tested.

RESPONDING TO CLIMATE CHANGE

We recognise the risks and consequences  posed by climate change. We are committed to implementing significant improvements to our greenhouse (GHG) accounting and reporting practices to fully comply with the Greenhouse Gas Protocol (GHGP) and Global Reporting Initiative (GRI) Standards. A better understanding of our GHG footprint will help to identify potential emission reduction measures, including improved energy efficiency.

INITIATIVE ACTIONS

The following initiatives are planned and implemented in support of the continuous improvement of environmental management at the Martabe Gold Mine:

01

Implementation of Environmental Management System ISO 14001.

02

Implementation of solar panel installation to reduce electricity consumption from a non-renewable source.

03

Hazardous waste utilization to reduce fuel consumption in blasting activities.

04

Increasing recycling of domestic waste by the installation of waste sortation facilities.

INITIATIVE ACTIONS

The following initiatives are planned and implemented in support of the continuous improvement of environmental management at the Martabe Gold Mine: