CALCULATION OF RESERVES & NET PRESENT VALUE

TOTAL AREA FOR EXPLORATION :

TOTAL EXPLORED AREA
:

IRON SAND PROJECT AT EASTERN LOMBOK, INDONESIA

PT INDOMON ESA

5,000.00 Ha
846.91 Ha
AREA

STATUS
in Ha

in m2

Everage
Depth
(m)

Crude Sand
Volume (m3)

Crude Sand
Weight (Ton)

Iron
Concentrate
(Fe2O3)

PROJECTED NET
PRESENT VALUE
(in USD)

1. MEASURED RESERVE

72.32

723,175.57

5,147,127.12

14,411,955.94

4,172,261.24

a) 60 Drill Holes area

b) 7 Drill Holes calculated with radius 150m

30.42
41.90

304,200.00
418,975.57

3.34
9.86

1,016,028.00
4,131,099.12

2,844,878.40
11,567,077.54

823,592.30
3,348,668.95

2. INDICATED RESERVE

62.57

625,700.00

9.86

6,169,402.00

17,274,325.60

5,000,917.26

225,041,276.75

134.89

1,348,875.57

8.39

11,316,529.12

31,686,281.54

9,173,178.50

366,927,140.19

712.02

7,120,179.93

78,764,970.51 220,541,917.43

22,054,191.74

992,438,628.45

a) Onshore Area
b) Offshore Area

372.95
339.07

3,729,517.43
3,390,662.50

TOTAL EXPLORED RESERVE

846.91

8,469,055.50

187,751,755.96

(7 Drill Holes calculated with radius 250m MEASURED

RESOURCE Area)

3. PROBABLE RESERVE
(MEASURED RESOURSE + INDICATED RESOURCE) Magnetic
Degree (MD) content in Crude Sand is 28.95%

4. INFERRED RESERVE
(Total explored area - Probable reserve area) If calculate the
Magnetic Degree (MD) everage content in Crude Sand - 10%

16.61
4.96

61,947,284.51
16,817,686.00

173,452,396.63
47,089,520.80

17,345,239.66
4,708,952.08

90,081,499.63 252,228,198.97

31,227,370.25

207,654,687.50 581,433,125.00

58,143,312.50

297,736,187.13 833,661,323.97

89,370,682.75

1,405,231,661.17

(PROBABLE + INFERRED)

5. HYPOTHETIC RESERVE

4,153.09 41,530,937.50

5.00

If calculate the Magnetic Degree (MD) everage content in

Crude Sand - 10%

TOTAL ESTIMATED RESERVE

(TOTAL EXPLORED + HYPOTETIC)

5,000.00 50,000,000.00

4,021,680,723.67