PT Antam (Persero) Tbk

ANTAM and Newcrest Mining Cooperates in the Identification of Opportunities and Development of Gold and Associated Minerals Mining
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Jakarta, November 16th, 2015 - PT ANTAM (Persero) Tbk (ANTAM; ASX – ATM; IDX – ANTM) is pleased to announce that the company has agreed to cooperate with Newcrest Mining Limited (Newcrest) in the identification of opportunities and development of gold and associated minerals exploration in several new prospective areas in Indonesia. The areas covered in the agreement are West Java, East Java, South Sumatera, Nusa Tenggara, North Sulawesi, Halmahera and Mollucas Islands.

ANTAM's President Director, Tedy Badrujaman said:
"Given gold commodity is one of our major commodities beside nickel and bauxite, the cooperation aims to secure new and promising gold prospects, resulting in increased gold portfolio and business expansion for ANTAM."

Under the cooperation, ANTAM and Newcrest agree to share information related to the technical, economical, legal and commercial feasibility of the opportunities within the agreed area for further exploration and potential development and future mining of gold and associated minerals.

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