Parameter

Gold Recovered 4000 Oz/month

129 Oz/Day
0.001 0.002 0.003 0.004
Tanggal G Rec (oz) GIC V1 V2 V3 V4 V5
3-Oct 129.03 226 1228 1190 1019 712 543
4-Oct 129.03 334 1562 1525 1353 1046 877
5-Oct 129.03 342 334 334 1688 1380 1212
6-Oct 129.03 351 Au in 669 669 334 334 1546
7-Oct 129.03 360 Resin 1003 1003 669 669 334
8-Oct 129.03 293 1338 1338 1003 1003 669
9-Oct 129.03 247 334 334 1338 1338 1003
10-Oct 129.03 237 669 669 334 334 1338
11-Oct 237 1003 1003 669 669 334
 0.005 0.006 0.007 0.008 0.009
V6 V7 V8 V9 V10 Str 1 Str 2 Str 3 Au in LR1
527 473 472 471 406
862 807 806 805 741 #1 #1 1562 gr
1196 1142 1141 1140 1075 #1 #1 1688 gr
1531 1476 1475 1474 1410 #1 #1 1546 gr
334 1811 1810 1809 1744 #1 #1 #1 1811 gr
669 334 334 334 2078 #1 #1 #1 2078 gr
1003 669 669 669 334 #1 #1 #1 1338 gr
334 1003 1003 1003 669 #1 #1 #1 1338 gr
669 1338 334 334 1003 #1 1338 gr
Au in LR2 Au in LR3
0 Freq Strip 19 strip
1525 gr 99 Average Loaded 1462 oz/strip
1380 gr 99 Gold Produced 893 oz
1531 gr 99 Gold Recovered 903 oz
1810 gr 1809 gr 175 Delta GIC 10 oz
1338 gr 1338 gr 153
1338 gr 1003 gr 118
1003 gr 1003 gr 108
43
 Parameter
Gold Recovered 4000 Oz/month
129 Oz/Day

Tanggal G Rec (oz) GIC V1 V2 V3 V4 V5

3-Oct 129 226 1228 1190 1019 712 543
4-Oct 129 355 1629 1592 1420 1113 944
5-Oct 129 484 2030 1993 1821 1514 1346
6-Oct 129 613 2432 2394 2223 1916 1747
7-Oct 129 587 401 401 2624 2317 2148
8-Oct 129 558 803 803 401 401 2550
9-Oct 129 523 1204 1204 803 803 401
Au in
10-Oct 129 467 Resin 1605 1605 1204 1204 803
11-Oct 129 387 2007 2007 1605 1605 1204
12-Oct 129 452 2408 401 2007 2007 1605
13-Oct 129 503 401 803 2408 2408 2007
14-Oct 129 555 803 1204 2809 401 2408
15-Oct 129 516 1204 1605 401 803 2809
16-Oct 129 477 1605 2007 803 1204 401
17-Oct 129 439 2007 2408 1204 1605 803
18-Oct 335 401 401 1605 2007 1204
V6 V7 V8 V9 V10 Str 1 Str 2 Str 3 Au in LR1
527 473 472 471 406
929 874 873 872 808
1330 1276 1274 1274 1209
1731 1677 1676 1675 1610 #1 #1 2432 gr
2133 2078 2077 2076 2012 #1 #1 2624 gr
2534 2480 2478 2478 2413 #1 #1 2550 gr
401 2881 2880 2879 2814 #1 #1 2881 gr
803 401 401 3280 3216 #1 #1 3280 gr
1204 803 803 401 401 #1 2007 gr
1605 1204 1204 803 803 #1 2408 gr
2007 1605 1605 1204 1204 #1 2408 gr
2408 2007 2007 1605 1605 #1 #1 2809 gr
401 2408 2408 2007 2007 #1 #1 2809 gr
803 401 2809 2408 2408 #1 #1 2809 gr
1204 803 401 2809 401 #1 #1 #1 2809 gr
1605 1204 803 401 803
Au in LR2 Au in LR3

0
0 Freq Strip 22 strip
2394 gr 155 Average Loaded 2582 oz/strip
2317 gr 159 Gold Produced 1826 oz
2534 gr 163 Gold Recovered 1806 oz
2880 gr 185 Delta GIC -20 oz
3216 gr 209
65
77 19 11 42%
77
2408 gr 168
2408 gr 168
2408 gr 168
2408 gr 2007 gr 232
0
 Parameter
Gold Recovered 6000 Oz/month
194 Oz/Day
0.001 0.002 0.003 0.004
Tanggal G Rec (oz) GIC V1 V2 V3 V4 V5
3-Oct 193.55 355 1628 1590 1419 1112 943
4-Oct 193.55 516 2129 2092 1920 1613 1445
5-Oct 193.55 542 502 502 2422 2115 1946
6-Oct 193.55 557 Au in 1003 1003 502 502 2448
7-Oct 193.55 562 Resin 1505 1505 1003 1003 502
8-Oct 193.55 445 2007 2007 1505 1505 1003
9-Oct 193.55 371 502 502 2007 2007 1505
10-Oct 193.55 355 1003 1003 502 502 2007
11-Oct 355 1505 1505 1003 1003 502
 0.005 0.006 0.007 0.008 0.009
V6 V7 V8 V9 V10 Str 1 Str 2 Str 3 Au in LR1
927 873 872 871 806
1429 1375 1373 1373 1308 #1 #1 2129 gr
1931 1876 1875 1874 1810 #1 #1 2422 gr
2432 2378 2377 2376 2311 #1 #1 2448 gr
502 2880 2878 2878 2813 #1 #1 #1 2880 gr
1003 502 502 502 3315 #1 #1 #1 3315 gr
1505 1003 1003 1003 502 #1 #1 #1 2007 gr
502 1505 1505 1505 1003 #1 #1 #1 2007 gr
1003 2007 502 502 1505 #1 2007 gr
Au in LR2 Au in LR3
0 Freq Strip 19 strip
2092 gr 136 Average Loaded 2218 oz/strip
2115 gr 146 Gold Produced 1355 oz
2432 gr 157 Gold Recovered 1355 oz
2878 gr 2878 gr 278 Delta GIC 0 oz
2007 gr 2007 gr 236
2007 gr 1505 gr 177
1505 gr 1505 gr 161
65
 Parameter
Gold Recovered 6000 Oz/month
194 Oz/Day

Tanggal G Rec (oz) GIC V1 V2 V3 V4 V5

3-Oct 194 355 1628 1590 1419 1112 943
4-Oct 194 549 2230 2192 2021 1714 1545
5-Oct 194 742 2832 2794 2623 2316 2147
6-Oct 194 936 3434 3396 3225 2918 2749
7-Oct 194 806 602 602 602 3520 3351
8-Oct 194 671 1204 1204 1204 602 602
9-Oct 194 490 1806 1806 1806 1204 1204
Au in
10-Oct 194 542 Resin 2408 2408 2408 1806 1806
11-Oct 194 735 3010 3010 3010 2408 2408
12-Oct 194 832 3612 3612 602 3010 3010
13-Oct 194 910 4214 602 1204 3612 3612
14-Oct 194 852 602 1204 1806 602 4214
15-Oct 194 774 1204 1806 2408 1204 602
16-Oct 194 561 1806 2408 3010 1806 1204
17-Oct 194 523 2408 3010 602 2408 1806
18-Oct 542 3010 602 1204 602 2408
V6 V7 V8 V9 V10 Str 1 Str 2 Str 3 Au in LR1
927 873 872 871 806
1529 1475 1474 1473 1408
2131 2077 2076 2075 2010
2733 2679 2678 2677 2612 #1 #1 #1 3434 gr
3335 3281 3280 3279 3214 #1 #1 #1 3520 gr
602 3883 3882 3881 3816 #1 #1 #1 3883 gr
1204 602 602 602 4418 #1 4418 gr
1806 1204 1204 1204 602
2408 1806 1806 1806 1204 #1 3010 gr
3010 2408 2408 2408 1806 #1 3612 gr
3612 3010 3010 3010 2408 #1 #1 4214 gr
4214 3612 3612 3612 3010 #1 #1 4214 gr
602 4214 4214 4214 3612 #1 #1 #1 4214 gr
1204 602 602 602 4214 #1 #1 4214 gr
1806 1204 1204 1204 602 #1 #1 3010 gr
2408 1806 1806 1806 1204
Au in LR2 Au in LR3

0
0 Freq Strip 23 strip
3396 gr 3225 gr 323 Average Loaded 3673 oz/strip
3351 gr 3335 gr 328 Gold Produced 2716 oz
3882 gr 3881 gr 374 Gold Recovered 2710 oz
142 Delta GIC -7 oz
0
97
116 19 12 39%
3612 gr 252
4214 gr 271
4214 gr 4214 gr 406
3010 gr 232
2408 gr 174
0
Skenario 1
129 oz/day
Gold Produced 4,000 oz/month
48,000 oz/year

Baseline Improvement Variance

Parameter Unit
Shipment / Minggu Shipment / 2 Minggu Amount

Freq Stripping / Minggu kali 19 11 (8)

Gold Loaded / Vessel grams 1,462 2,582 1,120
Thiourea Consumption kg/oz 3.19 2.21 (0.98)
Acid Consumption kg/oz 4.43 2.51 (1.92)

Kebutuhan Thiourea ton/year 153 106 (47)

Kebutuhan Acid ton/year 213 120 (92)

Cost Thiourea $/year 547,332 378,748 (168,584)

Cost Acid $/year 52,551 29,753 (22,798)
Total Saving Reagent Cost $/year 599,883 408,501 (191,382)

Strategi Mixing untuk 3 x Stripping

Thiourea bag 18 22
Acid Mix for Eluate drum 1.5 1.5
Acid Wash drum 1 1

Berat Kemasan
Thiourea kg/bag 25
Acid kg/drum 250
Price
Thiourea $/ton 3,573
Acid $/ton 247
 Skenario 2
194 oz/day
Gold Produced 6,000 oz/month
72,000 oz/year

Variance Baseline Improvement

Parameter Unit
% Shipment / Minggu Shipment / 2 Minggu

-42% Freq Stripping / Minggu kali 19 12

77% Gold Loaded / Vessel grams 2,218 3,673
-31% Thiourea Consumption kg/oz 2.45 1.69
-43% Acid Consumption kg/oz 2.92 1.76

-31% Kebutuhan Thiourea ton/year 177 122

-43% Kebutuhan Acid ton/year 210 127

-31% Cost Thiourea $/year 631,288 435,665

-43% Cost Acid $/year 51,953 31,372
-32% Total Saving Reagent Cost $/year 683,241 467,037

Strategi Mixing untuk 3 x Stripping

Thiourea bag 21 24
Acid Mix for Eluate drum 1.5 1.5
Acid Wash drum 1 1
 Variance
Amount %

(8) -39%
1,455 66%
(0.76) -31%
(1.16) -40%

(55) -31%
(83) -40%

(195,623) -31%
(20,581) -40%
(216,204) -32%
 Skenario 1
129 oz/day
Gold Produced 4,000 oz/month
48,000 oz/year

Baseline
Parameter Unit
Shipment / Minggu

Freq Stripping / Minggu times 19

Cost Electricity (Stripping) $/year 25,780
Cost Electricity (Calcination) $/year 833
Total Saving Electricity Cost $/year 26,613

Electricity Price
LWBP 1,091 IDR/kwh
WBP 1,608 IDR/kwh
1,156 IDR/kwh
Total
0.08 USD/kwh
Kurs 15000 IDR/USD

1 Strip Base Unit Hour

Stripping
Pump Eluate Pump 1
Transfer Duty 1.17
Circulation Duty 6.00
Acid Circulation Pump 1
Transfer Duty 0.67
Circulation Duty 0.67
Acid Returning Pump 1 0.50
Eluate Mixing Pump 1 0.50
Heater Circulation Pump 1 6.00
Element 1 1 2.00
Element 2 1 2.00
Element 3 1 2.00
Element 4 1
Electrowinning
EW 1 1 6.00
EW 2 1 6.00
EW 3 1 6.00
EW 4 1 6.00
Total
1x Washing Base Unit Hour
Calcination
Drying Oven 1 8.00
 Improvement Variance
Shipment / 2 Minggu Amount %

11 (8) -42%
14,926 (10,855) -42%
416 (416) -50%
15,342 (11,271) -42%

Stripping Duration: 6 hr

KW Power (kwH) Cost(USD)

0.75 0.88 0.07

0.36 2.16 0.17

0.75 0.50 0.04

0.36 0.24 0.02
0.75 0.38 0.03
0.75 0.38 0.03
1.20 7.20 0.55
46.34 92.68 7.14
46.34 92.68 7.14
46.34 92.68 7.14
46.34 0.00 -

2.00 12 0.92
2.00 12 0.92
2.00 12 0.92
2.00 12 0.92
26.02
KW Power (kwH) Cost(USD)

25.92 207.35 15.97

Skenario 2
194 oz/day
Gold Produced 6,000 oz/month
72,000 oz/year

Baseline Improvement Variance

Parameter Unit
Shipment / Minggu Shipment / 2 Minggu Amount

Freq Stripping / Minggu times 19 12 (8)

Cost Acid $/year 25,780 15,604 (10,177)
Cost Electricity (Calcination) $/year 833 416 (416)
Total Saving Reagent Cost $/year 26,613 16,020 (10,593)
Variance
%

-39%
-39%
-50%
-40%
 Skenario 1
129 oz/day
Gold Produced 4,000 oz/month
48,000 oz/year

Baseline
Parameter Unit
Shipment / Week

Bullion Weight per Smelting kg 31

Freq Pouring times/year 156
Fuel Cost $/year 4,156
Total Saving Electricity Cost $/year 4,156

Parameter
Bullion Wgt / Pouring 15 kg
Fuel Consumption 25 L/Pouring
Fuel Price 1.07 $/L
 Skenario 2

Gold Produced

Improvement Variance
Parameter
Shipment / 2 Week Amount %

62 31 100% Bullion Weight per Smelting

130 (26) -17% Freq Pouring
3,463 (693) -17% Fuel Cost
3,463 (693) -17% Total Saving Electricity Cost
 194 oz/day
6,000 oz/month
72,000 oz/year

Baseline Improvement Variance

Unit
Shipment / Week Shipment / 2 Week Amount %

kg 47 93 47 100%
times/year 208 182 (26) -13%
$/year 5,541 4,848 (693) -12%
$/year 5,541 4,848 (693) -12%
 Skenario 1
129 oz/day
Gold Produced 4,000 oz/month
48,000 oz/year

Baseline
Parameter Unit
Shipment / Minggu

Freq Stripping / Minggu kali 19

Cost Assay $/year 9,980
Total Saving Assay Cost $/year 9,980

1x Striping Base Qty Code Price (IDR)

Au Pregnant (sol) 6 SOL81T- Au (Met) 5,433
Au Barren (sol) 6 SOL81T- Au (Met) 5,433
Cu Pregnant (sol) 2 SOL81T - Cu (Met) 3,198
Cu Barren (sol) 2 SOL81T - Cu (Met) 3,198
Cu Acid Wash (sol) 1 SOL81T - Cu (Met) 3,198
LR Au 1 ARS 12D - Au (Met) 22,295
LR Ag 1 ARS12D - Ag (Met) 4,221
LR Cu 1 ARS12D - Cu (Met) 4,221
LR Fe 1 ARS12D - Fe (Met) 4,221
BR Au 1 ARS 12D - Au (Met) 22,295
BR Ag 1 ARS12D - Ag (Met) 4,221
BR Cu 1 ARS12D - Cu (Met) 4,221
BR Fe 1 ARS12D - Fe (Met) 4,221
Total Cost (IDR)
Total Cost (USD)
 Skenario 2

Gold Produced

Improvement Variance
Parameter
Shipment / 2 Minggu Amount %

11 (8) -42% Freq Stripping / Minggu

5,778 (4,202) -42% Cost Assay
5,778 (4,202) -42% Total Saving Assay Cost

Cost
32,598
32,598
6,396
6,396
3,198
22,295
4,221
4,221
4,221
22,295
4,221
4,221
4,221
151,102
10.07 15000 IDR/USD
 194 oz/day
6,000 oz/month
72,000 oz/year

Baseline Improvement Variance

Unit
Shipment / Minggu Shipment / 2 Minggu Amount %

kali 19 12 (8) -39%

$/year 9,980 6,040 (3,939) -39%
$/year 9,980 6,040 (3,939) -39%
To Antam

Saving Component Kg Gram

Median Pengiriman Weekly 39 39,000

Minimum Kontrak 50 50,000

Saving Component Kg Ounces

Biaya pengiriman ke Antam 11 311

To Singapore

Saving Component Kg Ounces

Median Pengiriman Weekly 39 1,103

Minimum Kontrak 50 1,414
Selisih 11 388

Surveyor Cost from Bakan Site to Antam to Singapore (SUCOFINDO)

Saving Component

Invoice

Accomodation Price (BRINKS)

Saving Component

Site - Antam (Tiket Pesawat)

Antam - Singapore (Tiket Pesawat)
Hotel
 43,497 2.90
Gross Troy Cost ($) per
Total Cost
Ounces Ounce GTO (50kg - Montly ($)
($) / Week
(GTO) <75kg)
1,376 1,103 3.72 4,100 16,400
1,764 11,323 1,414 2.90 4,100 16,400

Weekly of Bi-Weekly of
Selisih Cost ($) per Oz Total Cost ($) Montly ($)
the Year ($) the Year ($)

0.82 254 1,018 13,229 6,615

40.90

Total Cost Weekly of Bi-Weekly of

Cost ($) per Oz Montly ($)
(Rp) the Year ($) the Year ($)

0.89 977 3,910 50,829 25,415

0.89 1,253 5,013 65,165 32,583
0.89 344 1,376 17,885 8,942

Weekly of Bi-Weekly of
Total Price ($) Montly ($)
the Year ($) the Year ($)

1,850 7,400 96,200 48,100

Weekly of Bi-Weekly of
Total Price ($) Montly ($)
the Year ($) the Year ($)

422 1,688 21,942 10,971

1,138.84 4,555 59,220 29,610
87 347 4,507 2,253
1,647 42,834
 Bi-Weekly of
Weekly of the Year ($)
the Year ($)

213,200 106,600
213,200 106,600

1,018
 Simulasi 4x Shipment
Description UoM Sim 4KOZ Sim 6KOz Description UoM
Gold Produced Oz 4,000.00 6,000.00 Gold Produced Oz
Simulasi 4x Shipment : Simulasi 2x Shipment :
Per Shipment Oz 1,000.00 1,500.00 Per Shipment Oz
Weekly Kilogram Kg 31.10 46.66 Weekly Kilogram Kg
Refining per Kilo Kg 124.41 186.62 Refining per Kilo Kg
Minimum Charge (50 kg) Oz 1,608 1,608 Minimum Charge (50 kg) Oz
Cost : Cost :
Refining $ 5,823 8,734 Refining $
Shipping (Brinks) $ 13,505 13,505 Shipping (Brinks) $
Bullion Superintending $ 6,667 6,667 Bullion Superintending $
Akomodasi Penginapan $ 346.67 346.67 Akomodasi Penginapan $
Total Cost 4x Shipment $ 26,341 29,252 Total Cost 2x Shipment $
Simulasi 2x Shipment Variance Variance Yearly Yearly
Sim 4KOz Sim 6KOz 4KOz 6KOz 4KOz 6KOz
4,000.00 6,000.00

2,000.00 3,000.00
62.21 93.31
124.41 186.62
- -

5,823 8,734 - - - -
8,944 9,726 4,562 3,779 54,739 45,353
3,333 3,333 3,333 3,333 40,000 40,000
173.33 173.33 173 173 2,080 2,080
18,273 21,966 8,068 7,286 96,819 87,433
 SUMMARY
Prediksi Penghematan per tahun

Scenario 1 (4000 oz/month)

No Component Baseline Improvement
(USD) (USD)

Reagent
1 599,883 408,501
(Thiourea & Acid)
Electric
2 26,613 15,342
(Stripping, Kalsinasi, Electrowinning Process)

3 Smelting Fuel 4,156 3,463

4 Assay Sample 9,980 5,778

5 Refining 69,871 69,871

6 Shipping (Brinks) 162,063 107,323

7 Bullion Superintending 80,000 40,000

8 Akomodasi Penginapan 4,160 2,080

Predicted (total saving) 956,726 652,359

enario 1 (4000 oz/month) Scenario 2 (6000 oz/month)
Variance Variance
Baseline Improvement
Amount (USD) % Amount (USD) %

- 191,382 -32% 683,241 467,037 - 216,204 -32%

- 11,271 -42% 26,613 16,020 - 10,593 -40%

- 693 -17% 5,541 4,848 - 693 -12%

- 4,202 -42% 9,980 6,040 - 3,939 -39%

- 0% 104,806 104,806 - 0%

- 54,739 -34% 162,063 116,710 - 45,353 -28%

- 40,000 -50% 80,000 40,000 - 40,000 -50%

- 2,080 -50% 4,160 2,080 - 2,080 -50%

-304,367 -32% 1,076,404 757,542 -318,862 -30%