PT Bayan Resources Tbk.
PRESS RELEASE
PT BAYAN RESOURCES TBK
BAYAN REPORTS A 55% INCREASE IN
JORC RESERVES AND 37% INCREASE IN
JORC RESOURCES
PT. Bayan Resources Tbk (the “Company”
or “Bayan’) is pleased to announce an
increase in its previously reported JORC
(2012) open cut reserves from 764 milion
tonnes to 1,181 million tonnes as at 1
January 2019.
The majority of this increase (83%) has
‘come from Bayan’s world-class Tabang /
North Pakar’ project in Kutai Kartanegara,
East Kalimantan. JORC (2012) Reserves at
the Tabang / North Pakar project increased
from 864" million tonnes to 911 million
tonnes, a positive variance of 62%. The
primary reason behind the increase in
reserves is the additional drilling that has
been performed in the intervening period as
well as updated commercial parameters
reflecting the scale and low cost nature of
the Tabang / North Pakar project.
Total JORC (2012) open cut resources have
increased from 1,854" million tonnes. to
2,543 milion tonnes, of which, the Tabang /
North Pakar project increased from 1,195
million tonnes to 1,681 millon tonnes,
accounting for approximately 71% of the
overall increase.
Updated Statements of Open Cut Coal
Resources and Reserves for the majority” of
Bayan's concessions were prepared by PT.
RungePincockMinarco (‘RPM’) as at 1
January 2019 and received by he Company
on 27 June 2019,
Dato’ Dr. Low Tuck Kwong, President
Director of Bayan, stated "We are very
pleased with the significant increase in
overall reserves which, based on our 2019
production guidance of 32-36 million tonnes",
represents an increase in our average mine
life from 21-24° years based on our
previously published reserves to 33-37°
years. We have invested in and continue to
SIARAN PERS
PT BAYAN RESOURCES TBK
BAYAN MELAPORKAN KENAIKAN
CADANGAN JORC 55% DAN KENAIKAN
SUMBER DAYA JORC 37%
PT. Bayan Resources Tbk ("Perusahaan’
atau “Bayan’) gembira dapat mengumumkan
kenaikan “cadangan open cutnya
berdasarkan JORC (2012) yang sebelumnya
dilaporkan dari 764" juta ton menjadi 1.181
juta ton per tanggal 1 Januari 2019,
Mayoritas_kenaikan ini (83%) berasal dari
proyek Tabang/Pakar Utara’ berkelas dunia
milk Bayan di Kutai_Kartanegara,
Kalimantan Timur. Cadangan JORC (2012)
di proyek Tabang / Pakar Utara meningkat
dari 564" juta ton menjadi 911 juta ton, atau
selisih positif 62%. Alasan utama di balik
kenaikan cadangan ini adalah pengeboran
tambahan yang telah dilakukan selama
masa interval serta parameter komersial
terbaru yang mencerminkan skala dan biaya
rendah proyek Tabang/Pakar Utara
Total sumber daya open cut JORC (2012)
telah meningkat dari 1.854" juta ton menjadi
2.543 juta ton, dan dari jumiah tersebut
proyek Tabang / Pakar Utara meningkat dari
1.195 juta ton menjadi 1.681 juta ton, atau
sekitar 71% dari total kenaikan.
Pemyataan Terbaru Sumber Daya dan
Cadangan Batubara Open Cut untuk
mayoritas’ konsesi Bayan disusun oleh PT.
RungePincockMinarco (‘RPM’) per tanggal 1
Januari 2019 dan diterima oleh Perseroan
pada tanggal 27 Juni 2019.
Dato’ Dr. Low Tuck Kwong, Direktur Utama
Bayan, menyatakan, “Kami sangat gembira
dengan kenaikan ‘signifikan keseluruhan
cadangan yang, berdasarkan pedoman
produksi tahun 2019 kami sejumlah 32-36
juta ton‘, menyatakan kenaikan usia rata-
rata tambang kami dari 21-24° tahun
berdasarkan cadangan yang sebelumnya
diterbitkan menjadi 33-37* tahun. Kami telah
Head Office :
Gedung Office 8, Lantai 37 Unit A-H, SCBD Lot 28
JJ. Jenceral Sudiman Kay, 52 - 53 (J). Senopatl Raya 8B), Kebayoran Baru, Jekarta Selatan - 12190
‘Tek: (62-21) 2936 6888
Fax: (62-21) 2995 6889
Web: www bayan.com.soPT Bayan Resources Tbk.
invest in the growth of our Tabang / North
Pakar project which we expect to increase to
approximately 50 milion tonnes per annum
in the next few years. The current increase
jn reserves is an integral part of this strategy
with the recent JORC work highlighting areas:
where we need fo undertake additional
drilling in order to further upgrade reserves in
future years"
Further details are available onthe
Company's website at
http www. bayan.com.sq/reserve-and-
resources
ine mart ofthe orovowsy pare Semen of pen
(Cut Coa’ Resources and Fesarves were prepered by RPM es
31-31 Docember 2016 in accordance mtn the JORC (2012)
Cade, “The Company ‘nas deducted 2017 and 2018
roducton fom these numbers as reported on page 24 of he
Company's 2018 Annual Rezort to determine remaining
reserves and resources 98 al 31 December 2018 which 1b
feciwely the same as 1 January 2019 for comparison tothe
‘ew Reserve and Resource Stetments.
® The Tebang / North Pakar projet consists of the
‘concessions. PY. Bara Tabang. PT ajor Sale! Prima, PT
Brian nit Sonioca, PT. Twa Abad! PT: Tenur Jaya ond PT
Domaga ener
* The only JORC Resources not prepared by RPM was the
Stalament af Open Cur Coal Rescurces for PT. Mamanak
Coal Mining a8 prepared ty PT. New Resource Mine
Consulting to JORG (2012) Stancar as at 28 February 2018,
"No mining has been undertaken on tis concession sce this
ate.
“As reported in eur 2019 Guidance issued 9 January 2019.
* Previous reserves: 764 milan tennes /(32 9 36 ition
tonnes) = 21-24 years. Curent Rasarves: 1,169 (2 oF 36
imilon tonnes) = 35-37 years
Al jayan Resources Thk
Bayan has integrated coal_ mining,
processing and logistics operations, The
company is engaged in the business of
surface open cut mining of thermal coal.
Coal production also includes other grades
of coal which comprise of environmentally.
friendly, low sulfur, sub-bituminous coal and
semi-soft coking’ coal. Through various
companies, Bayan has the exclusive rights to
mine under five CCOWs entered into with
berinvestasi dan melanjutken _investasi
dalam pertumbuhan proyek Tabang / Pakar
Utara, yang diharapkan meningkat hingga
‘sekitar 50 juta ton per tahun dalam beberapa
tahun ke depan. Kenaikan cadangan saat ini
merupakan agian tak terpisahkan dari
strategi dimana pekerjaan JORC baru-baru
ini menyoroti bidang-bidang dimana kami
erly melakukan pengeboran tambahan
Untuk menaikkan cadangan lebih lanjut di
tahun-tahun mendatang.”
Informasi lebih lanjut dapat dibaca di situs
jejaring Perusahaan di
Mae bayan. com. salt I
resources
(catalan
Mayotas® Laporan Sumber Daya dan Cadangan Satubara
(Open Cut yang dlaporkan sabelumnya cisusur oleh RPM pac
langgal 31 Desember 2016 tesuai dengan Pecoman JORG
(2012), ‘Perusahaan toiah mangurangt prods! tahun 2017
ddan 2018 dart jumlahumiah int sebagamana diaporkan di
halaman 24 Laporan Tahunan Perusenaen tahun 2018 unt
mmenentutan sisa cadangan dan sumbor daya per tanggal 31
Desember 2018, yang efekt sama sengan tanggal 1 danuan
2018 untuk perbandingan dengan Laporan Cedangan dan
‘Sumber Daya
® Proyek Tabang / Pakar Utara tod alas kongast-konses!
berikut PT. Bara Tabang, PT. Fajer Saki Prima, PT. Brian
Anat Sentosa, PT. Twa’ Abad, PT. Tanur Jaya dan PT.
Demaga Ener
® Satu-satunya Sumbor Daya JORC yang tidak disusun RPM
adalah Laporan Sumber Daya Batubera Open Cut untuk PT.
‘Mamanak Coal Wining sobagasmana aisusun oleh PT, New
Resource Mine Consulting sesun’ Stender JORG (2012) per
{anggal 28 Februar 2015. Tidak ada kegaian tambang yang
dllakukan dl konsesi in seek tanggaltreebut
“ Sebageimana diaporkan dalam Pedoman 2019 kami yang
tertkan tanggsl 9 Janu 2019
* Cadangan sebelumaya: 764 juta ton (22 atau 26 jets to) «
24-26 tahun. Cadangan saat i 1.181! (92 atau 3 uta ton)
= 99-97 tahun,
Tentan; /an Resources Tbk
Bayan memadukan operasi pertambangan,
pengolahan dan ogistik atu bara
Perseroan bergerak di bidang pertambangan
surface open cut batu bara termall. Produksi
batu bara juga meliputi batu bara dengan
kualitas lainnya seperti batu bara ramah
lingkungan, batu bara’ dengan kadar
belerang rendah, batu bara sub-bituminus
dan semi-soft coking coal. Melalui berbagai
perusahaan, Bayan memilki hak eksklusif ¢
Head Office :
Gedung Office &, Lantai 37 Unit A-H, SOBD Lot 26
Ul, Jenderal Sucirman Kav. 52 -
“Tel: (62-21) 2985 6888
2 (J. Senopatl Raya 8B), Kebayoran Baru, Jakarta Selatan - 12190
Fax: (62-21) 2085 6999
‘Webs: www.bayan.com.sgPT Bayan Resources Tbk.
the Govemment of Indonesia and sixteen untuk menambang berdasarkan lima PKP2B
JUPs granted by regional govemments over yang diadakan dengan Pemerintah
a total concession area of 126.293 hectares. Indonesia dan enam belas IUP yang
diberikan pemerintah daerah atas wilayah
konsesi seluas 126.293 hektar. g.
Untuk informas! lebih lanjut/For more information, please contact:
Jenny Quantero
Office 8 Building, 37th Floor,
Sudirman Central Business District (SCBD) Lot 28,
Jl, Jend, Suditman Kav. 52-53 (Jl. Senopatii Raya),
Jakarta, 12190, Indonesia
Email: corporate, an
Telp: 2935 6888 and Fax: 2935 6999
Website : www.bavan.com.sa
Head Office :
Gedung Office 8, Lantal 37 Unit A-H, SCBD Lot 28
uJ. Jenderal Sudiman Kav. 52 - 53 (Jl. Senopatl Raya 8B), Kebayoran Baru,
Tol (62-21) 2935 6888 Fax: (62-21) 2995 6909
Web: wwwbayan.com.so
carta Solatan - 12190
Quantitative Study For Classification of Geological Condition of Coal in Indonesian National Standard - Guidelines For Reporting Resources and Reserves of Coal (Sni) No. 5015 / 2011