STRATEGIC OVERVIEW

ENVIRONMENT & BIODIVERSITY

PTAR continues to analyse and report on the Company’s greenhouse gas (GHG) emissions linked with its operations. To further improve our efforts, we are collaborating with external consultants to analyse and refine the techniques utilised to estimate emissions data in accordance with international standards. 

Waste rock management is one of the main environmental concerns at the Martabe Gold Mine. The placement of waste rock is carried out by using the encapsulant method, namely using non-acidic rocks to cover acidic rocks to prevent acid-forming materials. 

Another significant activity related to biodiversity is establishing a biodiversity advisory panel. The panel will actively conduct fauna conservation such as Tapanuli Orang Utan Protection, Sumatera Tiger Conservation, and multi stakeholder partnership to conserve and preserve the biodiversity within Batangtoru Forest. We have also done flora enrichment by planting local seeds in areas surrounding the Martabe Gold Mine. 

OPERATIONAL PERFORMANCE

The continued exploration program has resulted in the addition of gold mineral reserves at Martabe. As of As of June 2023, the mineral resources of the Martabe Gold Mine reached a total of 6.2 million ounces of gold and 59 million ounces of silver.

The construction of ReCYN & vertimill facility, one of the recent main operational strategic projects is complete and in operation. It has contributed to the overall operations 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.