STRATEGIC OVERVIEW

ENVIRONMENTAL & BIODIVERSITY STEWARDSHIP

PT Agincourt Resources (PTAR) is committed to implementing responsible environmental practices in alignment with Astra’s goal to achieve Net Zero Emissions by 2050. As part of our ongoing efforts to reduce our carbon footprint, we continuously monitor, and report greenhouse gas (GHG) emissions associated with our operations. To enhance the accuracy of our emissions estimation, we collaborate with independent consultants to refine our methodologies.

Beyond these efforts, PTAR also supports the development of nature-based solutions as a long-term strategy to maintain ecosystem balance and address climate change. These initiatives reflect our active contribution to Indonesia’s transition toward a low-carbon economy and sustainable development. Upholding the principles of accountability and transparency, we remain committed to innovation in pursuit of a greener future for generations to come.

We are deeply committed to conserving the unique biodiversity of the Batang Toru Forest.  To support this, we have established the Biodiversity Advisory Panel (BAP), an independent panel of scientists and conservation practitioners who advise the mine on biodiversity-related matters, provide rigorous, science-based oversight of PTAR’s operations, and ensure that PTAR’s operations minimize the impact on local ecosystems, particularly those involving great apes.

Our environmental strategy focuses on protecting endangered species, and implementing community-driven restoration programs. We are committed to conducting our operations responsibly, with a long-term vision for the conservation of the region’s rich biodiversity.

Key Initiatives Include:

• A New Orangutan Research Station Will Be Launched
  Built on a 10-hectare site, this facility strengthens research and protection efforts for the Tapanuli orangutan. It also serves as a hub for collaboration with conservation experts, researchers, and NGOs.

• Coastal Revitalization in Sibolga
  Over the past three years, PTAR has played an active role in restoring more than 29 hectares of coastal environment through the following initiatives:
  • Planting nearly 100,000 mangrove trees, serving as natural buffers crucial for stabilizing coastlines, preventing erosion, and providing habitats for various marine species.
  • Releasing thousands of shellfish, crabs, and turtle hatchlings (tukik) as part of efforts to maintain marine food chain balance and conserve endangered species. In particular, the release of turtle hatchlings is carried out in a structured manner to increase their survival rate in the wild and help sustain turtle populations—recognized as key indicators of marine ecosystem health.
  • Conducting regular environmental monitoring and patrols to safeguard coastal ecosystems and maintain water quality, while also preventing illegal activities that could damage marine habitats.
• Designation of Preservation Area Around the Martabe Mine
  As part of its long-term conservation strategy, PT Agincourt Resources (PTAR) has designated a specific area surrounding the Martabe Mine as a biological protection and observation zone. This area serves as a natural sanctuary for local flora and fauna, while also functioning as a vital space for ecological research and environmental education programs targeted at communities and stakeholders.

Collaboration with Local NGOs

PTAR also maintains strong partnerships with leading local conservation organizations, including:

• Scorpion Foundation – Fighting the illegal trade and poaching of wildlife
• Barumun Sanctuary – Rescuing and rehabilitating Sumatran Tigers
• Yayasan Ekosistem Lestari (YEL) – Advancing Orangutan research and forest protection

Through these wide-ranging efforts, PTAR continues to play a proactive role in biodiversity conservation and reflects our broader commitment to operating responsibly and sustainably, in harmony with the ecosystems where we work.

OPERATIONAL PERFORMANCE

The ongoing exploration program has successfully led to an increase in gold mineral reserves at the Martabe Gold Mine. As of June 2024, the mine’s total mineral resources reached 6.1 million ounces of gold and 59 million ounces of silver.

This improvement is supported by efficient and sustainable mining operations, with ore production levels reaching 7 million tons per year. This figure reflects the mine’s strong technical performance while upholding environmental and social responsibility.

The ReCYN and Vertimill facilities—key components of recent strategic operational projects—are now fully operational. These developments have significantly contributed to the overall efficiency and performance of the Martabe Gold Mine.

SOCIAL PERFORMANCE

We are deeply committed to supporting the communities where we operate. We believe our long-term success is built on strong relationships, trust, and mutual respect with the people surrounding the Martabe Gold Mine.

Equally, we place a high priority on environmental stewardship. We are dedicated to minimizing the environmental impact of our operations and integrating sustainable practices into every aspect of our business.

We actively support small businesses and promote income diversification. These initiatives are designed to increase real income and foster lasting economic independence within the region.

Health, Safety, and a Culture of Care

At PT Agincourt Resources (PTAR), maintaining a safe, comfortable, and accident-free workplace is fundamental to our operations. We believe that every employee has the right to work in an environment that prioritizes their health, safety, and well-being.

To support our safety objectives, PTAR implements an integrated Health, Safety, and Environmental (HSE) Management System, built on (i) Industry-leading practices, (ii) International standards, and (iii) Indonesian regulatory compliance.

This system allows us to proactively manage risks, continuously improve our safety performance, and uphold the highest operational standards in mining safety.

Our Safety KPI Dashboard reflects a high level of compliance with critical safety requirements and monitors key metrics such as days without a lost-time injury. Key safety initiatives include:

• Thorough incident investigations and corrective action implementation
• Regular Departmental HSE committee meetings
• Full compliance with mandatory safety training
• Ongoing maintenance of safe and orderly workplaces
• Strong management participation in the Active Safety Agreement (ASA) program

We are also committed to supporting and engaging the communities surrounding the mining area through programs focused on safety, health, and environmental education. PTAR actively collaborates with local communities to raise awareness of potential risks in the vicinity of the mine and to introduce health and safety initiatives that can enhance their quality of life.

At PTAR, we recognize that our people are our most asset. We are committed to fostering a diverse, respectful, and inclusive work environment—one where individuals from different cultures and backgrounds feel safe, supported, and empowered to grow. This people-first culture is key to our continued success and sustainability.