Agenda

Implementasi Kode JORC/KCMI

Untuk Pelaporan Sumberdaya dan Cadangan Mineral Nikel di PT Antam

Ade Kadarusman PhD, MAusIMM Romzy Rio Wibowo, MAusIMM - Unit Geomin Slide 1

Materi:
Sekilas PT Antam
Sekilas Eksplorasi Nikel PT Antam Data Geologi and Eksplorasi, protokol sampling Estimasi Sumberdaya Nikel Pelaporan Hasil Eksplorasi dan Sumberdaya

May 2009 Page 2

Sekilas Antam

Antam merupakan perusahaan berbasis pertambangan terkemuka dengan kegiatan operasi yang terintegrasi secara vertikal Antam merupakan perusahaan berorientasi ekspor dengan pasar utampa Asia dan Eropa Antam merupakan perusahaan berbasis pertambangan dengan komoditas yang terdiversifikasi Komoditas utama Antam adalah feronikel, emas, bijih nikel, perak, bauksit, batubara, dan jasa pemurnian logam mulia Wilayah operasi dan eksplorasi Antam tersebar di seluruh Indonesia

Penjualan Bersih 1H 1H 2012: Rp4 Rp4,5 Triliun Batubara dan bauksit 3% Feronikel 26%

Bijih Nikel 27%

Emas, Perak dan Jasa Pemurnian 44% Destinasi Penjualan 1H 2012

Domestik 45%

Ekspor 55%

Visi dan Misi ANTAM

Vision : a World Class Mining Company Mission : Implemented World Class / Best Practice in in Mining & Exploration Antam registered in IDX and ASX : Follow Indonesian (KCMI) and Australian (JORC) regulations for Public Reporting of Exploration result, Mineral Resources and Ore Reserves

Page 4

Wilayah Eksplorasi Antam

BATUBARA
Lokasi: Sungai Keruh, Jambi; Sintang, Kalimantan Barat dan Barito Selatan, Kalimantan Tengah Aktivitas: drilling, dll.

BAUKSIT
Lokasi: Tayan, Munggu Pasir dan Mempawah, Kalimantan Barat Aktivitas: pengukuran grid, testpitting, dan percontoan

EMAS
Lokasi: Mao, Batuisi dan Karosa, Sulawesi Barat Aktivitas: drilling, pemetaan, dll.

EMAS
Lokasi: Oksibil, Pegunungan Bintang, Papua Aktivitas: eksplorasi awal dan pemetaan

EMAS
Lokasi: Batang Asai, Sarolangun, Jambi Aktivitas: pemetaan geologi detail, singkapan, pecontoan batu dan XRD, dll.

EMAS
Lokasi: Pongkor dan Papandayan, Jawa Barat dan Cibaliung, Banten Aktivitas: pemetaan geologi dan pecontoan, dll.

NIKEL
Pomalaa, Lalindu, Mandiodo dan Lasolo, Tapunopaka , Sulawesi Tenggara; Buli ,Maluku Utara dan Gag, Papua Barat Aktivitas: drilling, pemetaan, dll.

Kegiatan Eksplorasi Nikel

Kegiatan Eksplorasi PT Antam dilakukan oleh Unit GeologiEksplorasi yg dikenal sebagai Unit Geomin Kegiatan Eksplorasi Nikel 2012-2013 berlangsung di: Pulau Pakal dan Sangaji Kab. Halmahera Timur, Propinsi halmahera Utara

- Pulau Gag Kabupaten Raja Ampat, propinsi Papua Barat - Pomalaa, Kab. Kolaka, Propinsi Sulawesi Tenggara

Wilayah Eksplorasi Sangaji-Buli

Wilayah Eksplorasi Pomalaa

Profil Geologi Nikel Laterit Pomalaa

Tambang Utara
LIMONITE

SAPROLITE

Tambang Tengah
Silica Boxwork Silica Boxwork

LIMONITE

SAPROLITE

BEDROCK

Tambang Selatan
TOP SOIL

BOULDER
SAPROLITE SAPROLITE BOULDER

SAPROLITE

Samples Collections

Sampling protocol

(drilling, testpitting etc)

- Sampling method - QAQC - Samples type

QAQC

Samples Preparations

- Sample reduction (quantity & grain size) - Tools selection (reduction/splitting) - QAQC - Mix-up + contamination

Laboratory Analyses

-Analytical Instruments selection -Lab QAQC -Analytical error

Data validationverification, database, evaluation,

-Statistical analyses / EDA -Geological domaining -Data transfer/security

Resources Estimation

Proses Pengambilan Data dan Teknik Pengambilan Conto

Implementasi Sampling and QAQC Protocol

SAMPLING AND QAQC PROTOCOL FOR NICKEL EXPLORATION
Flow Chart / Alur Kerja Explanation / Penjelasan List of SOP/ PK / IK CORE DRILLING ACTIVITIES CORE DRILLING SAMPLES Drilling sampling per meter progress, core recovery recorded Sample put into a core tray with 1 m length CHIP SAMPLE FOR DENSITY LOGGING CORE PHOTO 200/100 m spacing Back up Half Core Sample SAMPLES PACKING & NUMBERING FIELD WEIGHING PACKAGING & ADMINISTRATION (Surat) DELIVERY SAMPLES TO SAMPLEHOUSE Logging using available form and conducting after 5 meter samples collected in one 5 meter core box Core Phote is taken two times before and after core splitting Densityis measured based on Archimedes Law Retained half core / back up samples per 100 m spacing "Surat" contains 10-20 holes / 100-500 samples 117.103.135 117.103.135 117.103.135 satker pemboran 117.103.135 117.103.134

DRILLING (ON SITE)

UNPACKING & CHECKING WET WEIGHING OVEN DRYING 12 HOURS Temperature = 1005C DRY WEIGHING

number of samples, code of samples, location compare with delivery documents

satker laboratorium 273.101.104 273.101.137

273.101.104 MC is recorded after obtaining dry weight 1:50 Blank Sample (Silica Sand) Blank Sample inserted in every 50 Samples sequences to measure contaminations and continue to pulverizer process 1:50 5 mm Screen Test 273.101.138

PREPARATION LAB - BULI,KENDARI,GAG, POMALAA

JAW CRUSHER (-2 inch / 5 mm Grain Product) Jaw Crusher Product Grain Size -5mm HOMOGENEOUS / MIXING (Manually) Splitting in Matrix 2x5 Splitting Product aprox. 600 gr PULVERIZER (-200 mesh Grain) Pulverizer Product Grain Size -200 mesh

273.101.104

273.101.104 REJECT samples First Reduction (depends on kg samples from the field) Disposal

273.101.104 273.101.104

1:50 Duplicate Samples (JC) 1:50 Blank Bowl Sample (Silica Sand)

Sample Duplicate is taken at every 50 samples sequences of jaw crusher products

273.101.139

273.101.104 Sample selection for check assay is provided by Exploration Project

HOMOGENEOUS (Manually) 1:50 Duplicate Samples (PV) 50 gr Coning / Quartering Divide into 4 portion Pulp Product for assaying 50 gr Packing and administration shipping to Jakarta (Surat) Pulp for back up/duplo in exploration site (300 gr) Disposal 250 gr 1:50 Check Assay to External Lab 1:50 200 mesh Screen Test

273.101.104 Sample Duplicate is taken at every 50 samples sequence of Pulverizers product 273.101.104 Pulverizer product samples grain size must be a minimum 95% passed screen test -200mesh at every 50 samples sequences if fail those samples in the sequence must be process to re-pulverize Surat contains 3-4 titik bor (BHID) / 50-100 samples 1:50 Exploration Standard (CRM) Exploration CRM standard inserted in package sample send to Geomin Lab Jakarta and recorded in Surat 273.101.104

Unpacking and Checking in Laboratory Geomin Jakarta

satker laboratorium

LAB GEOMIN JAKARTA

Homogenous (Manually) Spooning for take 10 gram Keep the rest (back up) PRESSING (press pellet) 1:70 ReplicateSamples (Re-Reading) ANALYSING (XRF) 1:70 Standard Sample (in house & CRM) Geomin Lab Pulp Back Up 40 gr 1:70 Repetition Samples (Repeat) Sample Repetition (Repeat) is inserted int every 70 samples sequence of press pellets preparation 273.101.141 Sample Replicate (ReReading) is inserted in every 70 samples sequence of XRF analyzer 273.101.111 Package of Lab Standard Samples is inseerted in every 70 samples sequences of XRF analyzer

Lab Product Assay Ni,Co,Fe2O3,SiO2,CaO,MgO,MnO,Al2O3,CR2O3,TiO2,P2O5,SO3

Document / Data Acqusition

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QC Samples Back Up / Storage Sample

Data Acquisition
Geological Mapping Regional Semi Detail Detail Sampling Type Drilling Test pits Survey data Collar Plan Collar GPS Collar Pre Drill (Grid) Collar Post Drill (Re-Ukur) Sampling & Analytical Procedures Logging Sampling Assaying Quality Control & Quality Assurance External check Sample blank & standard Bias, Precision & Accuracy QAQC reports of process & result Physical Parameters Density Moisture Content Size Distribution Geophysics

Implementasi Sistem Validasi Data, Otomisasi dan Database

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Database - EDPS
Database Build Raw Assay Geology Logs Moisture Content Density Collar Survey Data Validation Collar Survey Raw Assay Geology Logs Moisture Content Density Data Confidence Coding Data Quality Data Preparation Database Summary
No PROBLEM 1 TO < FROM 2 TO < FROM 3 TO < FROM 4 TO < FROM 5 TO < FROM 6 SAMPLETOXCOLLAR < FROM KODE A.02 7 TO 424702.3 < FROM A.02 8 TO 424702.3 < FROM A.03 424702.3 9 TO < FROM A.02 424712.3 10 TO < FROM A.02 424712.3 A.02 11 TO 424702.3 < FROM A.02 12 TO 424702.3 < FROM

BHID CII/i10-10/29 CII/i10-12/29 19 18.5 CIII/i2-23/27 5 1 CIII/i4-33/27 5 1 CIII/i5-40/4 8 1 CII/i9-28/29 22 YCOLLAR ZCOLLAR FROM TO 0 ZONE 86074.55 100.19 0 1 0B CII/i9-28/29 23 0 86074.55 99.19 1 2 L CII/i9-28/29 24 22 86074.55 97.19 2 3 L CII/i9-28/29 25 23 5 86074.55 94.19 4 S CII/i9-28/29 26 24 6 86094.55 89.19 5 S 86094.55 83.19 S CII/i9-28/29 27 6.5 25 7.5 86094.55 75.69 7 8 B CII/i9-27.5/29 15 0

BHID BI/j9-17/16 BI/j9-17/16 BI/j9-17/16 BI/j9-17/16 BI/j9-17/16 BI/j9-17/16 BI/j9-17/16 FROM TO BI/j9-17/16 23BI/j9-17/16 22.5

FROM 0 1 2 3 5 6 7 8 9

TO 1 2 3 4 6 7 8 9 10

NI 0.87 1.21 1.21 1.95 2.22 1.47 0.3

CO 0.17 0.31 0.31 0.03 0.03 0.02 0.02

FE 44.34 60.78 60.78 10.3 9.4 9.26 6.09

Drill Hole Description form - Automation

Assay QA/QC QA/QC Quality Assurance & Quality Control Performance

Screen Test Uji Kelayakan Keseragaman Ukuran Conto di Lab. Preparasi di Site

Lolos >85% = 84,30%

Lolos >85% = 91,49%

Duplo Sample
Untuk Menguji Hasil dari Proses Reduksi Conto di Lab. Preparasi
6 5 4 y = 0,975x + 0,022 R = 0,9498

JC

Pomalaa Jaw Crusher Duplicate - Ni

6 5 4 3 2 1 0

PV

Pomalaa Pulverizer Duplicate - Ni

3 2 1 0 0

y = 0,9894x + 0,0002 R = 0,9442

Precision: 3% (95% CL) Presisi XRF di Lab Geomin

Exploratory Data Analyses

Mean=1,12
Cog 1,5% Cog 1,2% Cog 1,5%

Histogram - Ni
Mean=0,81
Cog 1,2%

Laterite Profile (Lim & Sap Zone)

Tambang Utara and Tambang Tengah
-25 -23 -21 -19 -17 -15 -13 -11 -9 -7

Laterite Profile (Lim & Sap Zone)

Tambang Utara dan Tambang Tengah
-25
-23 -21 -19 -17 -15 -13

Depth vs MgO, Fe & SiO2

MgO Tambang Utara Fe Tambang Utara SiO2 Tambang Utara MgO Tambang Tengah Fe Tambang Tengah SiO2 Tambang Tengah

Depth vs Ni, Co, Cr and Al

Ni Tambang Utara Co Tambang Utara Cr Tambang Utara Al Tambang Utara Ni Tambang Tengah Co Tambang Tengah Cr Tambang Tengah Al Tambang Tengah

-11
-9 -7 -5 -3 -1 1 3 5 7 9 11 13 15 17 19 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50

-5
-3 -1 1 3 5 7 9 11 13 15 17 19

Elements (%)

0,0 0,4 0,8 1,2 1,6 2,0 2,4 2,8 3,2 3,6 4,0 4,4 4,8 5,2 5,6 6,0 6,4

Chemistry Profile

Elements (%)

Ternary Diagram Plot_99

Silica Boxwork di Lim & BRK Silica boulder di LIM

Resource Estimation
Geological Interpretation

& Data Analysis

Statistics Domaining High Grade Cuts Variography

Resource Estimation
Modelling

Drillhole Transformation Wireframe Models Block Model Ordinary Kriging Estimations Ordinary Kriging Results

2D RESOURCE ESTIMATION

Database Updating
Plotting of Drill holes data Create polygon area of

influence
Define Domaining Resource Classification

based on area of influence

(drill spacing)
Define Cut of Grade Estimate Resources
CLASSIFICATION DRILL SPACING MEASURED 25m x 25m INDICATED 50m x 50m & 100m x 100m INFERRED 200m x 200m & 400m x 400m Area of Influence (LP) LP <= 1000 1000 < LP <= 15000 LP > 15000

Resource Statement
Resource Classification Mineral Resource Statement

Resource Model Files

Technical Report and follow the JORC / KCMI standard

Feasibility Study Report Antam Annual Report

Laporan proyek (LA) Laporan resource Laporan Petrografi Laporan khusus Laporan semester Laporan assay Studi2 khusus dll

MR & OR Tech Report Nickel

IDX + ASX Competent Person Report (consolidated report) JORCCIM-KCMI

MR & OR Tech Report Bauxite

MR & OR Tech report Gold

documentation

Mineral Reserve Development (MRD) and Geomin Unit

Contents of Technical Report for Public Reporting (MR & OR Tech Report)

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Competent Person Report

External Resources Assessments

Executive Summary Introduction Tenure Geology Data Acquisition

Resource Estimation
Resource Statement Risk

Assessment

JORC Compliance Report

Resources Statement at Annual Report with JORC / KCMI Compliance

THANK YOU
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Disclaimer
This presentation and/or other documents have been written and presented by Antam. The materials and information in the presentations and other documents are for informational purposes only, and are not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. This presentation is for discussion purposes only and is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by Antam. Neither this presentation nor any of its contents may be disclosed or used for any other purpose without the prior written consent of Antam. The information in this presentation is based upon forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Actual results could differ materially from forecasts. Antams opinions and estimates constitute Antams judgment and should be regarded as indicative, preliminary and for illustrative purposes only. The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Lukman Effendi, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Lukman Effendi is a full-time employee of the company. Mr. Lukman Effendi has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Lukman Effendi consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

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