PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW

DEPARTMENT: Martabe Mine Project CER NO: CER

CER Tite: S!r"e# GPS Ro"er AMOUNT: $US%&'()'*+
,UDGET ALLOCATION:
RE-UIRED APPROVALS $.er a!t/orit# 0!i1e%:
BUDGET: $
Site Mebo!rne
THIS PROPOSAL: &'()'*+
Finance Manager Y Chief Financial Officer
APPRO!ED TO DATE: $ "
DGM Pr#$%c&i#n Y Chief E'ec%&i(e Officer
!ARIACE: UDER)
*O!ER+
$
DGM C#,,ercial Y O'iana B#ar$
CATEGORY *-ee .el#/+: EP
IT S%0erin&en$en&
*1C2+

EXPANSION / SUSTAINING E
GM O0era&i#n- Y
S 3 Safe&45 E 3 En(ir#n,en&5 MP 3 Main& #f Pr#$%c&i#n5 IE 3 Increa-e$ Efficienc45 E1 3 E'0l#ra&i#n5 EP 3 E'0an-i#n Pr#6ec&-5 RM 3 Ri-7
Mi&iga&i#n
REVIEWS
PROPOSAL MEETS BUDGETING, FINANCIAL AND ACCOUNTING RELATED REQUIREMENTS AND IS CONSISTENT
WITH PTAR CAPITAL BUDGET
SPECIFIC COMMENTS / ACTION REQUIRED:
ORIGINATOR
AME : Te$ F#/le-
SIGATURE:
DATE:
PROPOSAL IS CONSISTENT WITH APPROVED OPERATING BASES, MANPOWER PLAN, PRODUCTION SCHEDULES;
WHERE APPROPRIATE, HAS A PREPARED PROJECT MANAGEMENT/EXECUTION PLAN
SPECIFIC COMMENTS / ACTION REQUIRED:
DEPARTMENT MANAGER
AME: Te$ F#/le-
SIGATURE:
DATE:
PROPOSAL MEETS BUDGETING, FINANCIAL & ACCOUNTING RELATED REQUIREMENTS & IS CONSISTENT WITH PTAR
CAPITAL BUDGET REQUIREMENTS. PROPOSAL MEETS SITE STRATEGY & PURCHASE OPTIONS HAVE BEEN ANALYSED
& ASSESSED. PROPOSAL IS EVALUATED ON AN APPROPRIATE ECONOMIC BASIS WITH APPROVED OPERATING
FORECASTS AND BASES. PROPOSAL HAS BEEN REVIEWED FOR ACCOUNTING TREATMENT AND IS CONSIDERED
CAPITAL.
SPECIFIC COMMENTS / ACTION REQUIRED:
2INANCE MANAGER
AME:
SIGATURE:
DATE:
SPECIFIC COMMENTS / ACTION REQUIRED: DGM PRODUCTION
AME:
SIGATURE:
DATE:
SPECIFIC COMMENTS / ACTION REQUIRED:
DGM COMMERCIAL
AME:
SIGATURE:
DATE:
PROPOSAL MEETS OXIANA GROUP IT REQUIREMENTS
SPECIFIC COMMENTS / ACTION REQUIRED:
IT SUPERINTENDENT
AME:
SIGATURE:
DATE:
SPECIFIC COMMENTS / ACTION REQUIRED:
GM OPERATIONS
AME: Ti, D%ff4
SIGATURE:
DATE:
SPECIFIC COMMENTS / ACTION REQUIRED
C3IE2 2INANCIAL O22ICER $G-
Re4o!rce4 %
AME:
SIGATURE:
DATE:
SPECIFIC COMMENTS / ACTION REQUIRED: C3IE2 E5ECUTIVE O22ICER $G-
re4o!rce4 %
AME:
SIGATURE:
DATE:
CER _ PTAR 1 of 7
PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW
(6 ,RIE2 PROPOSAL DESCRIPTION / 7USTI2ICATION
P%rcha-e #f Leica GPS R#(er f#r Mar&a.e ,ine 0r#6ec&8 9e are ,#(ing in&# &he ,ining
0ha-e /i&h c#n-&r%c&i#n #f ha%l r#a$- an$ 0i& ,ining8 9e c%rren&l4 ha(e :;-e&- #f GPS5 <;
Ba-e an$ = a- R#(er8 9e nee$ #ne a$$i&i#nal R#(er5 &ha& all#/- %- : r#(er- an$ < .a-e
-&a&i#n &# increa-e c#(erage #n -i&e8 GPS;RT> r#(er -%r(e4 i- re?%ire$ f#r (#l%,e 0ic7;%0-5
,#ni&#ring5 gra$e c#n&r#l5 ,ine rec#ncilia&i#n an$ ha%l r#a$ $e(el#0,en&8 A fle'i.le -%r(e4
-4-&e, i- e--en&ial f#r &he effec&i(e #0era&i#n #f ,ining ac&i(i&ie-8 The r#(er -4-&e,- $# n#&
re?%ire -e&&ing %0 in &he fiel$ an$ ,ini,i@e 0e#0le8 Acce-- &# a$$i&i#nal -%r(e4 e?%i0,en& i-
re?%ire$ #n -&ar& %0 #f ,ining c#n&rac&#r #0era&i#n-8 The e/ r#(er /ill .e c#(er ac&i(i&4
e-0eciall4 a& ROM S&#c7;Ore8
86 2INANCIAL 7USTI2ICATION '6 ,ASIS O2 2INANCIAL ANAL9SIS
NPV : +* $;% IRR $;%
P! an$ IRR are A5 a- n#n ne& earning ca0i&al i&e,
A! US" BASE CASE
B! SENSITIVITY # CAPEX $ %&'
C! SENSITIVITY # OPEX $ %&'
D! SENSITIVITY # GOLD PRICE # %&'
E! SENSITIVITY # COPPER PRICE # %&'
F! P()*(+, Y-(./!
Rea00rai-al Re?%ire$: Y )
<6 PROPOSED TIMING O2 E5PENDITURE IN &***
CURRENT 2INANCIAL 9EAR
AA FEB MAR APR MAY AU AUL AUG SEP OCT O! DEC TOTAL

9EAR +
AA FEB MAR APR MAY AU AUL AUG SEP OCT O! DEC TOTAL
"
CER _ PTAR 2 of 7
+6 TARGET DATES
Or$er Place$ On c#nfir,a&i#n #f ca0e' O0era&i#nal in -er(ice <"4r-
Deli(er4 #n
-i&e
B/ af&er #r$er Life #f a--e& *YRS+ <"4r-
=6 DOCUMENTATION PROVIDED $>9e4? or >N/A?%
In&r#$%c&i#n Ye-
Bac7gr#%n$ Ye-
Safe&4 A-0ec&- Ye-
En(ir#n,en&al A-0ec&- A
C#,,%ni&4 Rela&i#n- C De(el#0,en& A-0ec&- Ye-
Align,en& &# B%$ge& Ye-
Ti,ing Ye-
De-cri0&i#n #f Pr#0#-e$ Facili&ie- Ye-
E?%i0,en& S&an$ar$i-a&i#n Ye-
Area- #f !%lnera.ili&4 Ye-
Re-#%rce- Ye-
Ec#n#,ic- Ye-
De-cri0&i#n #f #&her Al&erna&i(e- Ye-
Ri-7 A--e--,en& A
Brea7$#/n #f Ca0i&al *Incl%$ing .a-i- #f c#-& e-&i,a&e- an$ c#n&ingenc4+ Ye-
@6 ORIGINATOR A6 DEPARTMENT MANAGER
AME
AME Te$ F#/le-
POSITIO
POSITIO Mine Manager
SIGATURE: DATE : SIGATURE: DATE :
PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW


S!r"e# GPS Ro"er
(6 Intro1!ction
The ,ine Mine;S%r(e4 &ea, i- a 0ar& #f ,ine $e0ar&,en& &ea,8 T# -%00#r& ,ining $e0ar&,en&
ear&h/#r7- ac&i(i&ie- in &he fiel$5 re?%ire ,#ni&#ring5 0ic7%05 -&a7e #%& $e-ign e&c8 9e nee$ #ne
a$$i&i#nal R#(er5 &ha& all#/- %- : r#(er- an$ < .a-e -&a&i#n &# increa-e c#(erage #n -i&e8 GPS;
RT> r#(er -%r(e4 i- re?%ire$ f#r (#l%,e 0ic7;%0-5 ,#ni&#ring5 gra$e c#n&r#l5 ,ine rec#ncilia&i#n
an$ ha%l r#a$ $e(el#0,en&8 A fle'i.le -%r(e4 -4-&e, i- e--en&ial f#r &he effec&i(e #0era&i#n #f
,ining ac&i(i&ie-8 The r#(er -4-&e,- $# n#& re?%ire -e&&ing %0 in &he fiel$ an$ ,ini,i@e 0e#0le8
Acce-- &# a$$i&i#nal -%r(e4 e?%i0,en& i- re?%ire$ #n -&ar& %0 #f ,ining c#n&rac&#r #0era&i#n-8
The e/ r#(er /ill .e c#(er ac&i(i&4 e-0eciall4 a& ROM S&#c7;Ore8
RT>;GPS .a-e$ -%r(e4- are n#& #nl4 0rac&ical an$ fa-& .%& al-# 4iel$ ,#re acc%ra&e &#0#gra0hic
,a0- f#r $e-ign 0%r0#-e-8 Theref#re5 an in(e-&,en& in an RT>;GPS -4-&e, ,igh& .e
/#r&h/hile8
+6 ,acB0ro!n1
G##$ ?%ali&4 #ffice 0lanning an$ re-earch i- nece--ar4 f#r an4 &40e #f fiel$ -%r(e4 an$ e-0eciall4
GPS8 Thi- ,ean- &ha& all &##l- nece--ar4 &# carr4 a 0r#6ec&),ining &# a -%cce--f%l8 The 0r#0#-e
a$$ing R#(er i- %-e f#r RT> *Real Ti,e >ine,a&ic-+ GPS *Gl#.al P#-i&i#ning S4-&e,+8 S&a7ing
O%& an$ $e&ail 0ic7%0- %-ing RT> GPS i- e,erging #ne #f &he fa-&e-&5 relia.le an$ ,#re acc%ra&e
,e&h#$ #f -%r(e4ing in -%rface ,ining8 The i,0le,en&a&i#n #f &hi- -4-&e, f#r (ari#%- -%r(e4
ac&i(i&ie- na,el4: Plani,e&ric c#n&r#l 0#in&- -%r(e45 Pi& e'ca(a&i#n (#l%,e -%r(e45 Mine 0lan
$e-ign -%r(e45 Gra$e c#n&r#l ,ar7;#%& -%r(e45 Regular pickup ROM Stock Ore6 e&c8The .enefi&-
achie(e$ fr#, &he RT> GPS i,0le,en&a&i#n incl%$e: I,0r#(e$ .la-& &# $e-ign .#%n$arie-5 G##$
frag,en&a&i#n5 G##$ &r%c7 l#a$ing ca0aci&45The efficien& %-age #f RT> GPS i- highl4 c#-&
effec&i(e a- i& i- le-- la.#%r in&en-i(e8
86 SaCet# A4.ect4
The Gl#.al P#-i&i#ning S4-&e, *GPS+ ha- e,erge$ a- -en-#r f#r ,an4 $ef#r,a&i#n a00lica&i#n-8
The %-e #f GPS f#r $ef#r,a&i#n -&%$ie- ha- e(#l(e$ ra0i$l4 e-0eciall4 Real Ti,e >ine,a&ic
*RT>+8 Thi- &echni?%e ha- .een c#n-i$ere$ a- a c#-&;effec&i(e &##l &# ,#ni&#r -afe&4 an$
0erf#r,ance #f engineering -&r%c&%re-5 incl%$ing high .%il$ing- an$ &# #.&ain high 0r#$%c&i(i&4 in
&er,- #f acc%rac4 an$ relia.ili&4 /i&h fe/er 0e#0le #n &he gr#%n$
'6 En"ironDenta A4.ect4
A
<6 CoDD!nit# Reation4 E De"eo.Dent A4.ect4
E,0l#4 -%r(e4 han$- fr#, near ,ine c#,,%ni&ie- &# a--i-& c#,,%ni&4 in e,0l#4,en&
#00#r&%ni&ie-8 C%rren& cre/ #n -i&e ha- -%r(e4 a--i-&an& 0r#,#&e$ fr#, an#&her le(el8
=6 Ai0nDent to ,!10et
Thi- i- a .%$ge&e$ i&e,5 f#r $41,402 (does not include PPN 10%)
CER _ PTAR 3 of 7

PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW
@6 TiDin0
e/ R#(er GPS /ill .e hel0 f#r -%r(e4 6#. in Mei ="<=5 .eca%-e -&ar& in &hi- ,#n&h S%r(e4 6#.
in?%ir4 /ill .e increa-e *#0era&i#n alrea$4 f%ll ,ining+8
A6 De4cri.tion oC Pro.o4e1 EF!i.Dent
The i,0le,en&a&i#n #f &hi- e?%i0,en&:
- Regular pickup ROM Stock Ore
; Plani,e&ric c#n&r#l 0#in&- -%r(e4
; Pi& e'ca(a&i#n (#l%,e -%r(e4
; Mine 0lan $e-ign -%r(e4
; Gra$e c#n&r#l ,ar7;#%& -%r(e4
G6 EF!i.Dent Stan1ar1i4ation
E?%i0,en& i- c#,0a&i.le /i&h S%r0ac an$ can $#/n l#a$ $irec&l48 9e c%rren&l4 #0era&e
a--#cia&e$ Leica RT> GPS)GSS -4-&e,- #n -i&e8
(*6 Area4 oC V!nerabiit#
Ser(icing an$ re0air-D GPS re?%ire a ann%al -er(ice $%e &# $%-&4 c#n$i&i#n-5 &he agen& .a-e$ in
Aa7ar&a /ill -er(ice in B $a4-8 !%lnera.le &# e'&en$e$ &i,e #ff -i&e if /e nee$ &# -#%rce 0ar&- &#
effec& re0air-8 A- Leica &he ,#-& c#,,#n -%r(e4 in-&r%,en&- in %-e &hr#%gh#%& &he /#rl$5 &he4
0r#(i$e g##$ .ac7%0 re-#%rce- f#r 0ar&- an$ .e&&er re-0#n-e &i,e-8
((6 Re4o!rce4
All cer&ifie$ -%r(e4#r- are c#,0e&en& in RT> GPS #0era&i#n8 9e ha(e #n -i&e an$ #nl4 recr%i&
licen-e$ -%r(e4#r- /i&h Ge#$e&ic $egree8 S%r(e4 /#r7er- recr%i&e$ #n $a4 la.#%r fr#, &he near
,ine c#,,%ni&ie- a- an$ /hen re?%ire$ an$ &he 0r#,i-ing /#r7er- $e(el#0e$ in&# -%r(e4
a--i-&an&-8 9e %-e #%r S%r0ac C ,a0inf# -#f&/are &# 0l#& $a&a8 C#nfir,e$ &ha& Leica $#/nl#a$e$
$a&a i- c#,0a&i.le /i&h ,ine $e0& -#f&/are8
(+6 EconoDic4
The :' GPS R#(er are e--en&ial &# &he #0era&i#n #f &he ,ining c#n&rac& /i&h i&- -che$%le #f ra&e-
.a-e$ #n ,#n&hl4 (#l%,e ,#(e,en&8 S%r(e4 &##7 #(er &he ,#ni&#ring c%rren&l4 0erf#r,e$ .4 a
c#n&ac&#r -%r(e4 &ea,8
(86 De4cri.tion oC ot/er Aternati"e4
All S%r(e4 e?%i0,en& in Mar&a.e %-e- &he -4-&e, GPS &echn#l#g4 *LEICA !i(a+8 Thi- /ill 0r#(i$e
f#r a larger a,#%n& #f 0ic7%0- an$ al-# #0era&i#n c#n&in%i&4 $%ring &he /ee7 e(er4 ,#n&h8 9hen
&he %ni&- ,%-& .e -en& #ff -i&e f#r cali.ra&i#n5 0r#(i$er /ill gi(e g##$ -er(ice C if 0#--i.le gi(e
.ac7%0 %ni&8
A& c%rren& -&age5 #&her &echn#l#g4 -%ch a- La-er Scanning i- ,#re e'0en-e &han &he #ne /e
#r$er
('6 Ri4B A44e44Dent
9i&h#%& 0r#0er in-&r%,en& f#r -%r(e4 ac&i(i&45 &ha& can crea&e n%,er#%- a,#%n& #f ,#re c#-& f#r
0r#$%c&i#n8
CER _ PTAR 4 of 7
PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW
(<6 ,reaB1oHn oC Ca.ita
A .rea7$#/n #f &he ca0i&al c#-& i- 0r#(i$e$ in &he &a.le .el#/8
CER _ PTAR 5 of 7
PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW
(=6 ReF!e4t
I& i- re?%e-&e$ &ha& ca0i&al #f &'()'*+(does not include PPN 10%) .e ,a$e a(aila.le f#r &he
0%rcha-e #f &he 0r#0#-e$ -%r(e4 e?%i0,en&8
Ori0inator?4 NaDe Te1 2oHe4
Ori0inator?4 Po4ition Mine Mana0er
CER _ PTAR 6 of 7
PT AGINCOURT RESOURCES - CER APPROVAL / REVIEW
CER _ PTAR 7 of 7