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  • Assumption

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    iwan dermawan
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    The document outlines key variables and assumptions for a mining project including: 1) The project will use open-cast mining for limonite and saprolite ore reserves which are still being defined through drilling. 2) Variables such as mining dilution, ore grades, capital and operating costs, production levels, royalties, and economic assumptions are provided. 3) The mine plan and economics are preliminary and subject to change as exploration continues to expand reserves.

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    The document outlines key variables and assumptions for a mining project including: 1) The project will use open-cast mining for limonite and saprolite ore reserves which are still being defined through drilling. 2) Variables such as mining dilution, ore grades, capital and operating costs, production levels, royalties, and economic assumptions are provided. 3) The mine plan and economics are preliminary and subject to change as exploration continues to expand reserves.

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    © All Rights Reserved
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    3 views1 page

    Assumption

    Uploaded by

    iwan dermawan
    The document outlines key variables and assumptions for a mining project including: 1) The project will use open-cast mining for limonite and saprolite ore reserves which are still being defined through drilling. 2) Variables such as mining dilution, ore grades, capital and operating costs, production levels, royalties, and economic assumptions are provided. 3) The mine plan and economics are preliminary and subject to change as exploration continues to expand reserves.

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    © All Rights Reserved
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    of 1

    NO VARIABLE COMMENTS

    1 Mining Method Opencast


    Limonite ore. The development drilling is progressing in order to
    convert resources to reserve.
    2 Ore Reserves
    Saprolite ore. The development drilling is progressing in order to
    convert resources to reserve.
    3 Mining Dilution Based on the latest study
    Limonite ore
    4 Nickel Grade
    Saprolite ore
    5 Mining Preparation Starting from 2022

    This is based on the existing reserve. It is subject to change as the


    6 Life of mine plan
    exploration program continues to convert resources to reserves.

    Million USD. Including equipment procurement, Civil construction,


    7 Mining Capital Cost
    and financing cost and assumed this is split 20%:80%

    Saprolite
    8 Mining Recovery
    Limonite
    9 Mining Production Million wet metric tons
    10 Mining Cost Average during life of mine,
    Average Saprolite Ore Prices
    11 Ore Selling Prices
    Average Limonite Ore Prices
    Of Revenue, based in latest regulation
    12 Royalty Rate
    (PP No 81, 2019)
    13 Dead Rent USD/ha
    14 IUP / Concession Boundary Ha
    15 Sales / Marketing Fee of revenue
    16 Contingency of the total cost
    17 Interest Rate 3 Month LIBOR Rate (Accessed 26 Dec 2019) + 3%
    18 Corporate Tax Rate Based on the latest government of Indonesia's regulation
    19 Discount Rate WACC – Weighted Average Cost of Capital
    Straight line depreciation in accordance with the current
    20 Depreciation
    smelter’s life time plan.
    21 Exchange Rate Based on Government of Indonesia's state budget 2021

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