CONFIDENTIAL

Company Overview

• Established on April 9, 1988

• Scope of activities comprises mining of natural deposits, manufacturing, trading,

and other related services.

• The Company holds a total of approximately 131 ha in an exploration concessions

in West Java, Indonesia, highly prospective for gold

• Total Equity : IDR 4,1 billions

• Total Assets : IDR 103 billions

• The Company is an exploration company focused on gold and additional rare

metals. The Company is currently in the final phase of their work/drill program in
preparation for a mining permit in end of 2013 with production anticipated for late
2015.
 Lisences

 SIUP No. 02389/10-20/PM/PO/IX/2010, valid until 2015

 TDP No. 10.20.1.46.04921, valid until 2015

 NPWP No. 31.226.164.7 – 434.000

 MINING LAW

Mineral mining activities are governed under the Law on Mineral and Coal Mining No.4 / 2009 dated 12 January 2009 (“Mining Law”). This
Law replaces the predecessor Mining Law No. 11/1967, which provided the framework for all of Indonesia’s pre - 2009 mining concessions

The Mining Law provides for three categories of mining licence, depending upon the location and nature of the resource.
The categories are as follows:
1. Izin Usaha Pertambangan (“IUP” or Mining Business Licence);
2. Izin Usaha Pertambangan Khusus (“IUPK” or Special Mining Business Licence); and
3. Izin Pertambangan Rakyat (“IPR” or People’s Mining Licence).

Mining Business Licence ("IUP") is a general licence for conducting mining business activities in a WUP (Mining) area PT Bumi Karindo
(The Company ) obtained Mining Business Licence (IUP) for exploration since 2002 as follows:
- No. 545/Kep.46/KPLH/2002 covers an area of ​30.5 hectares, under name of Mrs. Nanny Halimah Mulder.
And based on the lisence no. No.540/Kep.18/Distamben/2007, was changed to PT Bumi Karindo
- The lisences were changed and extended several time, the latest change was Lisence No. (IUP) No. 540/Kep. 392/Distamben/2012
which covering an area of 131 Hectares.

Exploration and Production licences

PT Bumi Karindo hold exploration permits (exploration IUP) covering of 131 Ha.
With an Exploration IUP, the Company is granted for performing general survey,exploration and feasibility studies within a mining area
(WUP).

In December 2012, The Company applied a Mining Business Licence (IUP) for Production Operations for performing construction,
mining, processing, refining, hauling and selling within the WUP area.
 Location

Indonesia Map Java Island Map

Concession Area/WUP
 Site Office

Site Office: Kp Cipanawar

Kec. Salopa
Kab Tasikmalaya
Exploration Activities
 Exploration Activities

• First stage drilling work with :

 Total meter drill 4,083.50 meter from 10 drill hole
 200 m drilling for water well
 4 unit drill rig using full coring method
 Total depth per hole between 260 m - 465 m

• Second stage drilling work with :

 Total meter drill 9,919.81 meter consist of:
 8,258.56 meter for core drilling (18 holes)
 1,661.25 meter for geotech drilling (6 holes)
 3 unit drill rig using full coring and 1 unit for water well drilling
 Total depth per hole between 202.25 m - 617 m
 Exploration Activities
PROGRESS RESUME

1. Survey Work
 4 Bench mark and 211.72 Ha topography measurement
2. Samples Analysis
 Rock Chip Samples 77 samples
 Stream sediment samples 18 samples
 Soil Sample Geochemical 958 samples
 Core Samples (FAAS & ICP) 8,818 samples
 Metallurgy 517 samples (on progress)
 Geotech 164 samples
3. Drilling
 1st stage drilling 10 holes 4,083.5 meters, 2nd stage drilling 18 holes 8,258.56 meters
 One water well which depth 200 meter
 Geotech drilling 1,661.25 meter
4. Modeling and Reporting
 Feasibility Study and AMDAL
 JORC compliant and Report
5. LEGAL
 CnC, Clarifications and procedures (done), waiting
 Upgrade Mining license to IUP-OP
ECONOMIC VALUATION
Classification Based on Au Grade
 ECONOMIC VALUATION
Classification Based on Au Grade

Note: 1 Troy Ounce = 31.1 gram

USD 638,050,317
1 Troy Ounce = USD 1,720
IDR 6,061,478,012,328
1 USD = IDR 9,500
ORE MODELING &
MINE DESIGN
FACILITIES
SITE OFFICE
FACILITIES
Camps
 FACILITIES
Mosque & Clinic