Hypothetical Resources

PT. Tiga Samudera Perkasa

Nickel Exploration Block
Luwu Timur Region, Sulawesi Selatan Province
Indonesia

Arrange by : PT. Maksimum Mineral

January 2014 www.maksminer.com
 Preface
• Nickel demand is underpinned by rising
stainless steel production with China as
the main driver
– Why does nickel continue to be in
great demand? The simple answer is
that nickel has better corrosion
resistance, better toughness and
better strength at high and low
temperatures than other metals, as
well as a range of special magnetic
and electronic properties.
– Most nickel is combined with other
metals to form different alloys that are
used in over 300,000 products for
consumer, industrial, military,
transport, aerospace, marine and
architectural applications
 Introduction
PT. TIGA SAMUDERA PERKASA (TSP) has 3 blocks

of IUP Nickel and other mineral associations, consists

of block TSP-1 (3,000 Ha), TSP-3 (10,000 ha) and

TSP-4 (10,000 ha) with a total area is 23,000 ha. All

third locations are located on ultramafic outcrops

single largest with an area of ​120x60 km (by waheed,

2005) so it has great potential for Ni.

Project Location
Sulawesi Island
IUP Exploration Block
Regional Geology
Major Nickel Project
 Exploration Activity :
Regional Geological Mapping
• Regional geological mapping carried out in blocks of TSP 1 Takes term
on October 22t – November 28, 2012. Based on this activity known
morphology investigation area has hilly ridges that have a Relatively
steep medium slope, the altitude of 250 meters up to 850 meters
above sea level.
• Lithology investigation area include ultramafic and sedimentary. the
investigation area has a distribution with the description Soft laterite
laterite Characterized by: sorrel, on the surface there are pisolitic iron,
decaying perfect origin and nature of the rocks (ultramafic) has not
looked at all.
Laterite Distribution Map
 Exploration Activity :
Tespit Sampling
Other exploration activities conducted on block 1 is a sample hole. Determination of the point of
the test pit is based on the results of the mapping field collection of data at the point of laterite /
Lateritic area that has a pretty good progress, so that the data retrieval can be Carried out to the
fullest in order to Determine the pattern of development of nickel laterite vertical views of the
quality levels of nickel and a representative of each zone although it is still a regional outlook.

Test pits were performed on blocks 1 with total amount of test pit that has been done was 5 holes.
Tespit Location Map
 Tespit Assay Result Block 1
LIST SAMPLE HASIL ANALISA XRAY BLOCK I, MALILI , KEC MALILI, KAB LUWU TIMUR, PROPINSI SULSEL

NO Customer Sample ID STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1 STAR1
BLOCK I Ni Co Cu Mg Mn Fe Cr Al Na Si Zn Ca Ti P S
0.002 50 50 0.01 0.002 0.002 0.02 0.01 1 1 50 0.01 0.01 0.01 0.01
% ppm ppm % % % % % % % ppm % % % %
1 M.M TP-01_1-2 M. BLOCK 1 1.2 638 73 5.35 0.612 30.2 1.136 5.17 <1 9 212 0.56 0.05 0.01 0.01
M.M TP-01_2-3 M 1.36 493 71 9.4 0.534 20.814 0.924 5.09 <1 13 191 0.46 0.06 <0.01 0.01
M.M TP-01_3-4 M 1.42 519 67 8.73 0.511 23.178 1.013 3.78 <1 11 187 0.5 0.05 <0.01 0.02
M.M TP-01_4-4.5 M 1.43 127 <50 19.98 0.139 7.84 0.349 2.69 <1 19 67 0.62 0.04 <0.01 0.01

2 M.M TP-02_0-1 M. BLOCK I 0.36 442 99 1.13 0.325 28.263 0.855 7.73 <1 10 136 0.01 0.26 0.01 0.05
M.M TP-02_1-2 M 0.34 407 86 0.92 0.325 25.591 0.958 6.37 <1 13 131 0.01 0.23 0.01 0.07
M.M TP-02_2-3 M 0.39 363 131 1.02 0.279 30.529 1.17 8.74 <1 9 150 0.03 0.41 0.01 0.08
M.M TP-02_3-4 M 0.48 760 142 1.4 0.658 32.984 1.259 7.35 <1 7 202 0.01 0.25 <0.01 0.11
M.M TP-02_4-5 M 0.37 553 95 1.1 0.457 25.472 1.067 5.74 <1 15 151 0.01 0.2 <0.01 0.09
M.M TP-02_5-6 M 0.55 669 128 1.04 0.511 29.34 1.3 7.84 <1 11 200 0.01 0.32 <0.01 0.09
M.M TP-02_6-7 M 0.3 289 65 1.06 0.325 12.351 0.588 3.31 <1 28 97 0.01 0.14 <0.01 0.03
M.M TP-02_7-8 M 0.18 323 <50 0.71 0.333 8.015 0.369 2.27 <1 35 69 0.03 0.09 <0.01 0.03

3 M.M TP-03_0-1 M. BLOCK I 0.71 743 115 0.57 0.496 49.979 2.648 4.68 <1 1 309 0.01 0.11 <0.01 0.1
M.M TP-03_1-2 M 0.72 695 125 0.46 0.465 50.567 2.682 5.13 <1 1 274 0.01 0.11 0.01 0.08
M.M TP-03_2-3 M 0.84 987 146 0.62 0.713 49.678 2.538 4.37 <1 1 334 0.01 0.08 <0.01 0.1
M.M TP-03_3-4 M 0.81 1402 143 0.64 0.991 47.573 2.648 3.67 <1 1 320 0.01 0.08 0.01 0.09
M.M TP-03_4-5 M 0.96 1343 126 1.16 1.185 45.881 2.388 3.78 <1 2 349 0.01 0.07 <0.01 0.09
M.M TP-03_5-6 M 0.91 1352 144 1.12 1.131 46.076 2.415 4.27 <1 2 301 0.01 0.07 <0.01 0.09
M.M TP-03_6-7 M 0.94 1526 146 1.75 1.224 44.643 2.162 3.9 <1 3 446 0.01 0.07 <0.01 0.09
M.M TP-03_7-8 M 1.07 1218 131 1.06 1.053 47.657 2.422 3.48 <1 2 400 0.01 0.06 <0.01 0.09

4 M.M TP-04_0-1 M. BLOCK I 0.54 1166 134 0.74 0.62 46.944 1.375 7.63 <1 2 251 0.01 0.13 0.01 0.07
M.M TP-04_1-2 M 0.57 1251 163 0.43 0.829 46.035 1.519 8.49 <1 1 273 0.02 0.13 <0.01 0.12
M.M TP-04_2-3 M 0.73 1180 161 1.1 0.658 42.768 1.389 7.08 <1 3 450 0.07 0.11 <0.01 0.07
M.M TP-04_3-4 M 0.97 847 201 2.1 0.666 38.614 1.724 5.11 <1 4 424 0.11 0.08 <0.01 0.06

5 M.M TP-05_0-1 M. BLOCK I 0.74 604 82 0.37 0.403 52.105 1.683 4.49 <1 2 265 0.01 0.1 0.01 0.05
M.M TP-05_1-2 M 0.8 1009 95 0.33 0.573 51.035 1.765 4.82 <1 1 297 0.01 0.1 <0.01 0.07
M.M TP-05_2-3 M 0.81 1097 96 0.33 0.682 50.112 1.752 4.86 <1 1 285 0.02 0.11 <0.01 0.08
M.M TP-05_3-4 M 0.91 738 82 0.33 0.759 51.63 1.861 3.73 <1 1 335 0.01 0.07 <0.01 0.08
M.M TP-05_4-5 M 0.97 1575 90 0.57 1.108 48.587 1.991 2.81 <1 1 401 0.02 0.05 <0.01 0.07
M.M TP-05_5-6 M 1.03 1713 61 0.36 1.208 49.965 1.902 1.54 <1 1 443 0.01 0.04 <0.01 0.05
M.M TP-05_6-7 M 1.32 3714 72 3.16 1.185 41.537 2.046 1.27 <1 5 550 0.07 0.03 <0.01 0.02
 Exploration Activity :
Drilling
• All area of ​Block IUP PT. TSP has been fitted with drilling data. Drilling activity take
term in May - December 2013. drilling activities conducted to determine the
distribution of Ni laterite both horizontally and vertically.

• Drilling on Block 1 finished depth 302 m of 25 holes. In Block 3 finished depth

599.60 m of 44 holes. In Block 4 finished depth 604.70 m of 32 holes. With total
depth have been completed was 1506.30m from 101 holes.
Drillholes Location Map
Drilling Photo Activity

RIG Jacro 100 :

Engine Kubota, Power Engine Pump Yanmar 8,5 HP,
Supply Pump Sanchin 45 SC, Asahi ROD, Ridgid, Etc
 Hypothetical Resources
Hypothetical quantity and quality of resources based on estimates
obtained in the survey stage review, this resource is the result of
the initial phase of an exploration of an inquiry activity to give
picture economically mineable resources and determination to
produce a follow-up activity measured reserves.
 Cut of Grade (COG)
 Cut-off grade is the lowest grade of mineral deposite that still provide benefits when mined. Cut-off
grade will determine the boundaries or size of the reserve, as well as determining whether or not to
do the mixing / blending. In the determination of nickel ore processing COG adapted to nickel
processing technology, the specified grade are:

 Low Grade for the content of 0.6-0.8% Ni 45-50% Fe Mg <0.5-5% is processed into NPI@1.2 - 6%
with product SS 200

 Medium Grade for the content of 1.3-1.7% Ni Fe Mg 5-15% 25-40% is processed into the NPI /
FeNi @ 12% with product SS 300

 High Grade for levels> 1.8% Fe 10-25% 10-35% Mg processed into FeNi / Ni Matte @ 12-25% with
300 SS products
Nickel Ore Product
 Nickel Processing
Stainless
Nickel Pig Stainless Stainless Stainless
Steel Household
Iron (NPI) Steel Slab Steel HRC Steel CRC
Sheet

Ship
Nickel Stainless
Stainless
Sponge Steel Rod/
Steel Billet
Iron Bar
Construction

Non
Agriculture
FeNi Ferrous
Alloys
Nickel
Electronic
Lateritic
Casing
Ore

Ni Matte Ni Metal Ni Plating

Defense

Mix Sulfide Automotive

Precipitate Ni Alloy
(MSP)
Oil & Gas
Transport

Mix
Hydroxide
Batteries Rail Way
Precipitate
(MSP)

Available In Unavailable in
Final Application
Indonesia Indonesia
 Resources Calculating Methode
 The method used is influence area in
which local distribution range of drill
holes, if the spaces 200 meters then the
influence of the other drill point is 100
meters.

 Resource calculation method based on

drill data with calculated area of
influence within the existing boundaries,
Sampling pattern of square = side x side.
 Resources Block 1
SAMPLE NUMBER Ni (%) Fe (%) Mg (%) Si (%) Co (ppm)
Low Grade
TSPI 057 153/1.00-2.00 0.770 49.154 0.42 1 577
TSPI 057 161/0.00-1.00 0.770 46.783 0.74 2 695 COG Ni 0.6-0.8% Fe 45-50% Mg <0.5-5%
TSPI 065 161/1.00-2.00 0.690 47.804 0.57 2 819 Volume = 150.000 m³
TSPI 065 161/2.00-3.00 0.750 48.503 0.4 1 499
Tonnage = 270.000 WMT
TSPI 073 169/3.00-4.00 0.600 48.112 0.4 2 823
TSPI 073 169/7.00-8.00 0.650 47.21 0.58 2 1350
TSP 049 177/0.00-1.00 0.710 46.23 0.43 4 707 Average Grade = Ni 0.75%, Fe 46.89% Mg 0.74%

TSP 049 177/1.00-2.00 0.800 45.678 0.78 3 1008

TSPI_273_073/1 0.78 45.95 0.96 1.11 651
TSPI_273_073/3 0.78 45.99 1.01 1.16 650 Medium Grade
TSPI_289_065/5 0.77 48.78 0.70 1.61 649 COG Ni 1.3-1.7% Fe 25-40% Mg 5-15%
TSPI_273_081/2 0.75 45.68 0.85 1.05 713 Volume = 20.000 m³
TSPI_273_081/3 0.77 46.42 0.74 1.03 816 Tonnage = 36.000 WMT
TSPI_081_169/1 0.80 45.61 1.33 3.47 1306
TSPI_281_065/2 0.80 45.45 1.13 1.90 796
Average Grade = Ni 1.51%, Fe 28.86% Mg 7.80%
TSPI 049 145/3.00-4.00 1.580 23.815 9.91 12 497
TSPI_273_073/14 1.45 33.90 5.68 9.20 697
TSPI 049 145/5.00-6.00 1.850 16.548 14.85 18 332 High Grade

TSPI 057 153/10.00-11.0 2.400 25.192 7.63 11 461 COG > 1.8% Fe 10-25% Mg 10-35%
TSPI 057 153/12.00-12.7 1.890 7.798 20.89 19 100 Volume = 40.000 m³
TSPI 057 161/8.00-9.00 2.040 16.149 12.81 18 292 Tonnage = 72.000 WMT
Total hole was finish drilling is 25 holes that information point
coverage above 2% from total Area IUP (25 Ha of 5.000 Ha). Average Grade = Ni 2.04%, Fe 16.42% Mg 14.04%
 Resources Block 3
SAMPLE NUMBER Ni Fe Mg Si Co
TSPM_321_257/4 0.60 43.18 0.67 2.27 590
TSPM_321_257/5 0.64 41.03 0.64 2.26 630
TSPM_321_257/6 0.71 40.15 0.68 2.31 780
TSPM_321_257/13 0.76 40.73 0.73 2.27 900
TSPM_433_113/2 0.68 41.44 0.73 1.04 543 Low Grade
TSPM_433_113/4 0.78 43.88 1.09 1.13 510
TSPM_353_265/3 0.63 52.14 0.47 1.20 891
TSPM_401_103/2 0.63 49.48 0.81 1.17 752
TSPM_401_103/3 0.65 48.93 0.77 1.10 616 COG Ni 0.6-0.8% Fe 45-50% Mg <0.5-5%
TSPM_417_113/3
TSPM_417_113/4
TSPM_417_113/5
0.65
0.71
0.63
49.98
48.86
49.15
0.82
1.22
0.97
1.23
2.15
1.27
1005
1154
971
Volume = 150.000 m³
TSPM_417_113/6 0.73 49.67 1.18 2.09 1156
TSPM_337_257/6 0.79 47.65 0.99 1.05 842
TSPM_337_257/10
TSPM_337_257/14
0.78
0.78
42.37
43.82
1.02
0.91
1.11
0.89
929
1175
Tonnage = 2.232.000 WMT
TSPM_337_257/15 0.76 42.10 1.17 1.44 1316
TSPM_305_321/1 0.70 44.56 0.70 3.69 1002
TSPM_305_321/2 0.69 45.51 0.74 3.55 1000
TSPM_305_321/3 0.73 47.36 0.49 2.66 1251
TSPM_305_321/4
TSPM_305_321/5
0.73
0.72
47.30
43.04
0.53
0.44
2.63
2.67
1260
1114
Average Grade = Ni 0.70%, Fe 46.78% Mg 0.94%
TSPM_305_321/6 0.77 47.66 0.55 2.67 1253
TSPM_425_121/6 0.75 41.77 1.09 1.32 854
TSPM_425_121/7 0.73 47.55 0.71 1.04 1147
TSPM_425_121/9 0.78 45.16 2.43 2.06 843
TSPM_425_121/11 0.65 46.40 0.86 1.20 1309
TSPM_425_121/12 0.79 48.70 1.01 1.29 1077
TSPM_425_121/13 0.60 48.11 0.98 1.20 1452
TSPM_425_121/14
TSPM_337_277/1
0.77
0.62
46.34
49.48
1.05
0.54
1.27
0.93
1439
646 Medium Grade
TSPM_337_277/3 0.62 49.46 0.56 0.95 682
TSPM_337_277/5 0.73 48.28 0.67 1.15 1176
TSPM_337_277/6
TSPM_337_277/7
0.74
0.77
47.57
47.45
0.69
0.80
1.18
1.19
1160
859 COG Ni 1.3-1.7% Fe 25-40% Mg 5-15%
TSPM_337_277/9 0.78 48.20 0.75 1.22 903
TSPM_329_273/1
TSPM_329_273/2
0.61
0.63
48.38
51.41
0.30
0.55
0.79
1.10
137
326 Volume = 20.000 m³
TSPM_329_273/3 0.60 51.74 0.20 0.74 203
TSPM_329_273/8 0.65 52.46 0.23 1.05 976
TSPM_329_273/14 0.74 52.22 0.30 1.04 717
TSPM_329_281/1
TSPM_329_281/2
0.64
0.71
49.47
51.91
0.16
0.15
0.82
0.78
<50
<50
Tonnage = 378.000 WMT
TSPM_329_281/3 0.76 50.46 0.19 0.83 <50
TSPM_329_281/4 0.71 41.76 1.12 1.57 394
TSPM_329_281/7 0.79 42.87 1.29 1.67 366
TSPM_329_281/11 0.80 51.06 0.11 1.02 884
TSPM_329_281/14
TSPM_329_281/17
0.65
0.79
52.05
47.97
0.15
0.20
1.10
0.98
264
<50
Average Grade = Ni 1.47%, Fe 39.62% Mg 3.77%
TSPM_321_273/16 1.38 33.72 3.03 10.10 836
TSPM_321_273/18 1.45 38.73 1.59 8.25 946
TSPM_401_097/7 1.34 45.21 0.64 3.62 2337
TSPM_401_097/9 1.71 41.22 2.66 7.28 1417
TSPM_329_265/11 1.33 23.92 12.64 13.13 682
TSPM_321_353/2 1.33 39.17 3.34 7.08 573
TSPM_409_097/2 1.55 26.91 7.68 12.70 522
TSPM_409_097/3
TSPM_297_337/2
1.38
1.31
23.16
44.53
8.88
2.81
14.92
4.07
407
961
High Grade
TSPM_297_337/3 1.48 31.97 7.30 10.31 666
TSPM_341_273/19 1.60 49.77 1.96 3.40 1700
TSPM_433_113/11
TSPM_401_103/11
1.53
1.39
26.76
46.17
8.69
0.85
10.43
1.40
677
1627
COG > 1.8% Fe 10-25% Mg 10-35%
TSPM_401_103/12 1.39 46.82 1.11 1.74 1500
TSPM_401_103/13
TSPM_401_103/14
1.67
1.65
41.16
46.55
2.32
1.34
4.55
2.75
1576
1414
Volume = 40.000 m³
TSPM_329_273/16 1.43 49.34 0.26 1.06 1910
TSPM_329_273/17 1.30 48.93 0.28 1.18 1290
TSPM_329_273/18
TSPM_329_273/20
1.46
1.75
50.10
25.32
0.79
10.42
1.75
11.19
1420
521 Tonnage = 126.000 WMT
TSPM_297_353/9 1.38 52.52 0.61 1.99 1150
TSPM_425_113/11 2.08 19.93 9.95 15.55 349
TSPM_401_097/10 2.28 18.25 12.54 15.53 528
TSPM_401_097/12 1.80 20.98 11.56 14.45 649
TSPM_401_097/13 2.84 20.59 10.16 15.65 584
TSPM_401_097/16 2.01 7.59 16.78 18.83 190 Average Grade = Ni 2.26%, Fe 17.26% Mg 12.74%
TSPM_401_097/17 2.41 8.18 16.61 18.41 201
TSPM_329_273/19 2.40 25.31 11.60 11.33 451
 Resources Block 4
SAMPLE NUMBER Ni Fe Mg Si Co SAMPLE NUMBER Ni Fe Mg Si Co
Low Grade
TSPN_001_225_10 1.31 40.73 3.55 6.82 942
TSPN_001_225/1 0.76 47.49 1.06 2.32 627
TSPN_009_225_6 1.37 40.07 4.27 6.62 889
0.78 49.34 1.11 1.85 809
TSPN_001_225/2
TSPN_005_225/1 0.74 46.02 1.11 2.87 614
TSPN_013_225_14 1.42 35.34 4.89 8.88 986 COG Ni 0.6-0.8% Fe 45-50% Mg <0.5-5%
TSPN_025_225_10 1.62 39.6 4.33 5.34 970
TSPN_005_225/2
TSPN_005_225/3
0.76
0.8
47.74
48.93
0.92
1.11
1.85
1.96
811
901
TSPN_029_225_18 1.55 39.29 3.54 6.98 1344 Volume = 150.000 m³
TSPN_033_225_13 1.74 24.08 10.57 13.58 512

TSPN_013_225/1 0.7 47.94 0.95 2.01 608 TSPN_029_221_11 1.75 36.89 5.57 8.24 907

TSPN_013_225/2 0.7 48.65 1 1.86 707 TSPN_029_221_12

TSPN_029_221_13
1.5
1.77
37.88
27.42
4.96
9.74
7.77
12.67
1155
680
Tonnage = 270.000 WMT
TSPN_017_225/1 0.72 45.64 1.34 3.78 722
TSPN_025_221_9 1.44 32.35 7.07 11.38 726
TSPN_017_225/2 0.74 48.68 1.57 2.3 650
TSPN_025_217_5 1.3 40.61 5.14 5.89 1011
TSPN_017_225/3 0.75 49 1.5 2.06 642 TSPN_025_217_6 1.31 29.39 10.78 10.54 672
TSPN_021_225/2 0.8 48.82 1.28 2.01 1080 TSPN_025_229_9 1.34 26.27 9.36 12.72 608
TSPN_029_225/2 0.72 48.83 0.88 1.61 604 TSPN_017_217_9 1.53 24.9 9.91 13.81 543
Average Grade = Ni 0.74%, Fe 48.21% Mg 1.09%
TSPN_029_225/3 0.79 49.29 0.87 1.47 647 TSPN_009_225_9 1.8 16.23 13.07 19.41 387
TSPN_009_225_11 1.89 16.43 13.41 18.15 385
TSPN_029_225/6 0.7 50.36 0.85 1.52 853
TSPN_025_225_11 2.2 9.85 18.78 18.07 287
TSPN_029_225/7 0.68 50.76 0.87 1.61 1042
TSPN_025_225_12 2.29 15.67 13.77 14.52 287
TSPN_033_225/1 0.78 48.2 0.78 2.34 564
TSPN_025_225_13 2.21 22.83 11.46 13.28 467
TSPN_021_221/1 0.75 47.43 1.12 2 577 TSPN_025_225_14 2.21 27.54 8.91 11.01 535 Medium Grade
TSPN_021_221/2 0.78 48.68 1.18 1.7 635 TSPN_025_225_18 2.43 10.46 17.09 18.4 236

TSPN_021_217/1 0.76 45.46 1.27 3.06 673 TSPN_025_225_24 2.42 10.45 16.9 18.24 274

TSPN_021_217/2 0.79 48.05 1.11 1.82 763 TSPN_029_225_20 1.89 31.6 5.81 11.65 660 COG Ni 1.3-1.7% Fe 25-40% Mg 5-15%
TSPN_033_225_16 2.08 15.78 13.53 17.4 339
TSPN_021_217/3 0.78 47.84 1.15 1.82 834
TSPN_021_217/4 0.76 47.95 0.98 1.63 812
TSPN_029_221_14 2.5 13.76 17.37 17.01 304 Volume = 20.000 m³
TSPN_029_221_15 2.22 24.17 10.4 14.97 560
TSPN_025_217/1 0.69 47.31 1.37 2.56 822 TSPN_029_221_17 2.15 13.84 15.48 18.71 325
TSPN_025_217/2 0.78 49.32 1.32 2.05 978 TSPN_029_221_18 2.02 14.18 16.21 17.98 342 Tonnage = 63.000 WMT
TSPN_017_229/1 0.76 47.89 1.25 2.88 663 TSPN_025_221_10 2.2 29.75 7.33 13.28 651

TSPN_013_233/1 0.65 41.47 0.76 5.81 629 TSPN_025_221_11 2.23 15.43 14.13 17.42 370
TSPN_025_221_12 2.11 12.39 15.08 19.64 307
TSPN_013_233/3 0.8 48.09 1.29 3.21 1332
TSPN_025_221_13 2.02 17.02 11.91 19.39 406
TSPN_013_229/1 0.68 48.68 0.88 2.59 615
TSPN_021_221_11 2.25 13.98 14.83 18.16 332
TSPN_013_229/3 0.72 49.17 1.13 2.06 649 Average Grade = Ni 1.45%, Fe 33.91% Mg 6.69%
TSPN_021_221_12 1.85 11.49 15.7 18.5 300
TSPN_013_229/4 0.69 48.56 1.2 1.89 677
TSPN_021_221_15 3.06 17.45 14.41 15.04 534
TSPN_013_229/5 0.74 49.05 1.18 1.93 899
TSPN_021_221_16 2.5 10.76 18.19 17.48 275
TSPN_015_227/1 0.8 47.31 1.16 3.04 770 TSPN_025_229_5 1.95 26.28 7.58 15.09 555
TSPN_015_223/1 0.74 49.4 1 2.36 741 TSPN_025_229_6 2.1 25.67 7.5 15.74 501

TSPN_015_223/2 0.76 50.36 0.9 1.8 801 TSPN_021_229_4 1.82 29.92 9.57 11.12 681 High Grade
TSPN_013_229_18 2.2 10.95 15.52 18.99 298
TSPN_015_223/3 0.76 50.91 0.97 1.67 862
TSPN_017_221_7 1.81 35.8 4.66 10.89 780
TSPN_017_221/1 0.75 48.08 0.88 2.92 591
TSPN_017_217/1 0.65 47.23 1.09 2.84 649
TSPN_017_221_8 2.09 23.4 9.1 16.15 482 COG > 1.8% Fe 10-25% Mg 10-35%
TSPN_017_217/2 0.67 48.43 1.19 2.04 791
TSPN_017_221_9
TSPN_017_221_10
1.85
2.54
24.88
16.28
7.18
12.02
16.41
18.57
532
396
Volume = 40.000 m³
TSPN_017_217/3 0.74 48.79 1.05 1.88 974 TSPN_017_221_11 2.29 25.19 7.97 15.64 519
TSPN_017_217/4
TSPN_013_217/1
0.73
0.74
48.28
47.72
1.13
1.09
1.86
2.21
1015
789
TSPN_017_221_12
TSPN_017_217_13
2.05
1.81
15.36
13.02
15.3
14.36
17.28
18.18
340
316
Tonnage = 175.000 WMT
TSPN_009_221_11 1.88 19.8 12.07 16.48 477
TSPN_013_221/1 0.77 47.73 1.33 2.43 680
TSPN_009_221_12 2.15 13.02 15.11 17.81 294
TSPN_005_221/1 0.8 46.92 1.21 2.89 721
TSPN_009_221_13 2.11 15.38 16.27 16.3 351
TSPN_005_221/2 0.74 48.41 1.03 1.75 717
TSPN_009_221_14 2.27 9.76 18.36 18.85 269 Average Grade = Ni 2.15%, Fe 18.02% Mg 13.04%
TSPN_005_221/3 0.77 48.93 0.99 1.54 878 TSPN_009_221_15 2.12 16.34 14.92 16.67 387

TSPN_005_221/4 0.8 48.83 1.12 1.66 988 TSPN_009_221_16 2.34 10.75 17.56 18.4 277
 Resources of
PT. Tiga Samudera Perkasa
2,500,000

2,232,000
Resources PT. Tiga Samudera Perkasa

2,000,000
Low Grade
Total Resources : 2.709.000 wmt
With Average Ni 0.73% Fe 47.30% Mg 0.93%
1,500,000

Medium Grade
Total Resources : 477.000 wmt
1,000,000 With Average Ni 1.49% Fe 34.13% Mg 6.09%

High Grade
500,000
378000 Total Resources : 373.000 wmt
270,000 With Average Ni 2.15% Fe 17.23% Mg 13.28%
207,000 175000
126000
36000 72000 63000
-
Block TSP 1 Block TSP 3 Block TSP 4 Resources calculating recap of Drilling information
point 85 Ha Area from total 23.000 Ha
Low Grade Mid Grade High Grade

Notes : Drilling at TSP 1 & 3 using space 200m

Drilling at TSP 4 using Space 100m
 Hypothetical Resources of
PT. Tiga Samudera Perkasa

Total Hypothetical
Grade
wmt
Block Area Measured Total Laterite Prospect Area
(E=([C/A] x Total Resources Measured) (Low+Med+High)
(A) Area (B) (C=Bx80%)
(Ha) (Ha) (Ha) Low Mid High

Block TSP 1 25 3000 2400 25.920.000 3.456.000 6.912.000 36.288.000

Block TSP 3 44 10000 8000 405.818.182 68.727.273 22.909.091 497.454.545

Block TSP 4 16 9926 7940.8 102.734.100 31.266.900 86.852.500 220.853.500

TOTAL 534.472.282 103.450.173 116.673.591 754.596.045

Total Hypothetical Resources :

754.596.045 WMT
 Chart of Hypothetical Resources
Hypothetical Resources PT.TSP

405,818,182

102,734,100
86,852,500
68,727,273

25,920,000 22,909,091 31,266,900

3,456,000 6,912,000

Block TSP 1 Block TSP 3 Block TSP 4

Low Mid High
Hypothetical Resources Map
 Hypothetical Resources
and Grade Range
BLOCK GRADE RANGE HYPOTHETICAL RESOURCES
Low Grade Average Grade Ni 0.75%, Fe 46.89% Mg 0.74% 25.920.000 wmt
Medium Grade Average Grade = Ni 1.51%, Fe 28.86% Mg 7.80% 3.456.000 wmt
Block 1
High Grade Average Grade = Ni 2.04%, Fe 16.42% Mg 14.04% 6.912.000 wmt
From 3.000 Ha total IUP, estimated potential area is 2.400 Ha.

Low Grade Average Grade = Ni 0.70%, Fe 46.78% Mg 0.94% 405,818,182 wmt

Medium Grade Average Grade = Ni 1.47%, Fe 39.62% Mg 3.77% 68,727,273 wmt
Block 3
High Grade Average Grade = Ni 2.26%, Fe 17.26% Mg 12.74% 22,909,091 wmt
From 10.000 Ha total IUP, estimated potential area is 8000 Ha.

Low Grade Average Grade = Ni 0.75%, Fe 48.22% Mg 1.10% 102,734,100 wmt

Medium Grade Average Grade = Ni 1.45%, Fe 33.91% Mg 6.69% 31,266,900 wmt
Block 4
High Grade Average Grade = Ni 2.15%, Fe 18.02% Mg 13.04% 86,852,500 wmt
From 9.926 Ha total IUP, estimated potential area is 7.940,8 Ha.
 Hypothetical Resources
Of Other Economic Mineral (Fe > 47% & Cr >3%)
Fe > 47%
Average Average
Block Area (Ha) Resources Qty
Fe (%) Ni (%)
Block TSP 1 48.14 0.89 10 594.500 wmt
BlockTSP 3 49.29 0.75 33 4.120.500 wmt
Block TSP 4 49 1 14.5 932.750 wmt
Total 5.647.750 wmt

Cromium >3%
Average Average
Block Area (Ha) Resources Qty
Fe (%) Ni (%)
Block TSP 1 4.18 0.89 4 225.000 wmt
BlockTSP 3 4.2 0.81 30 24.750.000 wmt
Block TSP 4 4.11 1.39 2.5 225.000 wmt
Total 25.200.000 wmt
 Hypothetical Resources
Of Other Economic Mineral (Fe > 47% & Cr >3%)
100,000,000
24,750,000

10,000,000 4,120,500

932,750
1,000,000 594,500
225,000 225,000

100,000

10,000

1,000

100

10

1
Block TSP 1 BlockTSP 3 Block TSP 4

Fe > 47% Cromium >3%

Hypothetical Resources of other economic mineral in the block TSP is Fe with cog >
47% & Cr > 3%, based on recapitulation of calculating resources from all block TSP,
Total Fe > 47% is 5.647.750 WMT and total Cr > 3% is 25.200.000 WMT.
 DISCUSS
• Based on data from the initial exploration PT. Tiga Samudera Perkasa has a hypothetical resource
534.472.282 WMT for low grade, 103.450.173 WMT for mid-grade and 116.673.591 WMT of high grade of
all Block IUP. Drilling information point just only 85 Ha from total coverage area 23.000 Ha, it gives the
possibility of adding a lot of resource and reserve calculations.

• Hypothetical Resources of other economic mineral in the block TSP is Fe with cog > 47% & Cr > 3%, based
on recapitulation of calculating resources from all block TSP, Total Fe > 47% is 5.647.750 WMT and total Cr
> 3% is 25.200.000 WMT.

• Pig iron nickel, ferronickel and nickel matte is a nickel product which has undergone a series nickel
processing of raw materials with a particular COG classification. This gives rise to several value of the
economy, based on data from infomine.com in August of 2013 selling price NPI, ferronickel and nickel
matte high versus the value of selling raw materials. This provides investment optimism of nickel to the
sale value.
 THANK YOU

PT. Maksimum Mineral PT. Tiga Samudera Perkasa

 World Class Nickel Exploration

PT. Maksimum Mineral

January 2014 www.maksminer.com