Professional Documents
Culture Documents
October 2015
Prepared For :
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JORC Resource Statement PT Sigma Cemerlang Sinergi
CONTENTS
Page No.
DISCLAIMER ............................................................................................................. 1
ABBREVIATIONS...................................................................................................... 3
EXECUTIVE SUMMARY ........................................................................................... 5
1. INTRODUCTION ............................................................................................. 7
1.1 SCOPE OF WORK ................................................................................................. 7
1.2 LOCATION .............................................................................................................. 9
1.3 TENURE ................................................................................................................ 11
1.4 RESULTS LIMITATIONS AND STANDARDS ..................................................... 11
1.4.1 JORC Table 1 ........................................................................................... 12
2. GEOLOGY OF THE SCS PROJECT ............................................................ 13
2.1 REGIONAL GEOLOGY ........................................................................................ 13
2.1.1 Stratigraphy ............................................................................................. 16
2.2 STRUCTURAL GEOLOGY................................................................................... 18
2.3 LOCAL GEOLOGY ............................................................................................... 18
3. EXPLORATION HISTORY ............................................................................ 19
3.1 OUTCROP MAPPING AND DRILLING CAMPAIGNS ........................................ 19
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4. EXPLORATION DATA TYPES ..................................................................... 21
4.1 SURVEY ................................................................................................................ 21
4.1.1 Benchmarks and Borehole Pick Ups .................................................... 21
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4.1.2 Topographic Survey ............................................................................... 21
4.2 BOREHOLE DATA AND DRILLING TECHNIQUES ........................................... 21
4.3 SAMPLING TECHNIQUES ................................................................................... 22
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4.4 DOWN-HOLE GEOPHYSICS ............................................................................... 22
4.5 COAL ANALYSIS ................................................................................................. 23
5. EXPLORATION POTENTIAL........................................................................ 24
6. GEOLOGICAL MODEL ................................................................................. 25
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TABLES
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FIGURES
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Figure 6.1 – Total Moisture vs Inherent Moisture - All Seams ................................................ 27
Figure 6.2 – Ash vs Relative Density - All Seams .................................................................... 28
Figure 6.3 – Ash vs Calorific Value - All Seams ....................................................................... 29
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Figure 6.4 – Seam Modelling Procedure ................................................................................... 31
Figure 6.5 – Ash Content - Air Dried Basis (adb) - All Seams................................................. 34
Figure 6.6 – Total Sulphur - Air Dried Basis (adb) - All Seams ............................................... 35
Figure 6.7 – Calorific Value - Air Dried Basis (Kcal/gram) - All Seams .................................. 36
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Figure 7.1 – Cross Section 1 and 2 ............................................................................................ 38
Figure 7.2 – Forestry Map ........................................................................................................... 41
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APPENDICES
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DISCLAIMER
PT SMG Consultants (SMGC) has prepared this independent Resource report to estimate the
Coal Resources contained within the PT Sigma Cemerlang Sinergi (SCS) coal concession area.
This report is current as of the 27th October 2015 and has been prepared in recognition of the
reporting guidelines set by the 2012 Joint Ore Reserves Committee (“The 2012 JORC Code”). It
is for the exclusive use of PT Sigma Cemerlang Sinergi (SCS) and for the sole purpose of
estimating the coal Resources contained within the SCS coal concession located in the Balangan
Regency, Province of South Kalimantan, Indonesia.
The report must be read in light of:
• report distribution and purposes for which it was intended
• its reliance upon information provided to SMGC by SCS and others
• the limitations and assumptions referred to throughout the report
• the limited scope of the report
• other relevant issues which are not within the scope of the report
Subject to the limitations referred to above, SMGC has exercised all due care in the preparation
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of the report and believes that the information, conclusions, interpretations and recommendations
of the report are both reasonable and reliable based on the assumptions used and the
information provided in the preparation of the report.
•
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SMGC makes no warranty or representation to SCS or third parties (express or implied)
in regard to the report, particularly with consideration to any commercial investment
decision made on the basis of the report
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• use of the report by the client and third parties shall be at their own risk
• the report speaks only as of the data herein and SMGC has no responsibility to update
this report
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consent of SMGC with respect to both the form and context in which they appear
This document, the included figures, tables, appendices or any other inclusions remains the
intellectual property of PT SMGC Consultants. Other than raw data supplied by SCS the data
remains the property of SMGC until all fees and charges related to the acquisition, preparation,
processing and presentation of the report are paid in full.
No third party may use or rely on anything in this report unless that third party signs a reliance
letter in the form required by SMGC (Appendix A). SMGC may also require that the third party
meets and discusses the report with SMGC to ensure that the context and intent is understood.
This report and the contained information must not to be released for any public reporting or fund
raising purposes without the competent person’s consent as to the form and context.
This report has been created using information and data provided by SCS. SMGC accepts no
liability for the accuracy or completeness of the information and data provided by SCS or any
other third party.
This report is made using various assumptions, conditions, limitations and abbreviations.
Assumptions are listed on the following page without prejudice to probable omissions.
Assumptions
All previous work is accepted as being relevant and accurate where independent checks have
not or could not be conducted.
All relevant documentation, along with the necessary and available data to make such a review
has been supplied.
Key assumptions, some of which were verified by the client, are accepted as described in the
relevant sections of the report.
Conditions
Statements in this document that contain forward looking statements may be identified by the
use of forward looking words such as "estimates", “plans”, "intends", "expects", "proposes",
"may", "will" and include, without limitation, statements regarding SCS’s plan of business
operations, supply levels and costs, potential contractual arrangements and the delivery of
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equipment, receipt of working capital, anticipated revenues, mineral Resource and mineral
Reserve estimates, and projected expenditures.
It must be noted that the ability to develop infrastructure and bring into operation the proposed
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mines to achieve the production, cost and revenue targets is dependent on a large number of
factors that are not within the control of SMGC and cannot be fully anticipated by SMGC. These
factors include but are not limited to site mining and geological conditions, variations in market
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conditions and costs, performance and capabilities of mining contractors, employees and
management and government legislation and regulations. Any of these factors may substantially
alter the performance of any mining operation.
The appendices referred to throughout and which are attached to this document are considered
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to be integral to this report. A copy of the appendices must accompany the report or be provided
to all users of the report.
The conclusions presented in this report are professional opinions based solely upon SMGC’s
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interpretations of the information provided by SCS referenced in this report. These conclusions
are intended exclusively for the purposes stated herein. For these reasons, prospective
estimators must make their own assumptions and their own assessments of the subject matter of
this report. Opinions presented in this report apply to the conditions and features as noted in the
documentation, and those reasonably foreseeable. These opinions cannot necessarily apply to
conditions and features that may arise after the date of this report, about which SMGC has had
no prior knowledge nor had the opportunity to evaluate.
ABBREVIATIONS
AC Acid Consuming
ad Air dried
adb Air dried basis
AF Acid Forming
AMDAL “Analisis Mengenai Dampak Lingkungan Hidup” which translates to
“Environmental Impact Analysis”
ANDAL “Analisis Dampak Lingkungan Hidup” which translates to “Environmental
Impact Analysis report, which is part of the AMDAL”
AS Australian Standards
ar As received
ARD Acid Rock Drainage
ASTM American Society for Testing and Materials
bcm Bank cubic metre
capex Capital costs
CCoW Coal Contract of Work
CHPP Coal Handling and Processing Plant
CV Measure of energy (kilocalorie) per kilogram
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FC Fixed carbon
GAR Gross As Received
ha Hectare
HE Hydraulic Excavator
HGI
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Hardgrove Grindability Index
Hr Hour
IM Inherent Moisture
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IPPKH “Izin Pinjam Pakai Kawasan Hutan” which translates to “Guidelines to Borrow
and Utilize Forest Areas”
IRR Internal Rate of Return
IUP “Izin Usaha Pertambangan” which translates to “Mining Business License”
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JORC Australian Institute of Mines and Metallurgy Joint Ore Reserves Committee
Kcal/kg Unit of energy (kilocalorie) per kilogram
kg Kilogram
km Kilometre
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SRTM Shuttle Radar Topography Mission Survey
SOP Standard operating procedure
ST Seam Thickness
t Tonne
tkm Tonne kilometre
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TM Total Moisture
t/m3 Tonne per cubic metre
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tph Tonne per hour
TS Total Sulphur
TM Total Metals
VM Volatile Matter
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EXECUTIVE SUMMARY
This independent Resource report has been prepared by PT SMG Consultants (SMGC) to
estimate the Coal Resources contained within the PT Sigma Cemerlang Sinergi (SCS) coal
concession area.
This report is current as of the 27th October 2015 and has been prepared in recognition of the
reporting guidelines set by the 2012 Joint Ore Reserves Committee (“The 2012 JORC Code”).
The SCS Project Area covers 2,000 ha of land, located in the Balangan, province of South
Kalimantan and is held under an “Izin Usaha Pertambangan” (IUP) Operasi Produksi granted on
the 12th June 2013. The IUP Operasi Produksi is valid for a period of 20 years from the date
above.
A total of 65 boreholes have been drilled to date in the SCS Project Area. Of these 36 boreholes
are considered valid for JORC Resource estimation. This includes 20 cored holes and 16 open
holes (Figure 3.1). Drilling was carried out by experienced operators using drill rigs capable of
HQ coring to 200 m in depth with an average borehole depth of 200 m being drilled. All 36
boreholes have valid geophysical records. The SCS geological model is developed from all 36
boreholes from which reliable data was obtained.
In-situ coal Resources for each seam modelled are categorised according to increasing levels of
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confidence. Measured, Indicated or Inferred categories are determined based on distance from a
“Point of Observation”. A valid point is defined as a seam intersection that has been surveyed
and cored where coal quality has been tested by an accredited laboratory, sample recovery is ≥
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90 % and the borehole is accompanied by valid geophysics.
A total Coal Resource of 13.17 Mt was calculated for this deposit. Measured, Indicated, and
Inferred Category Resources are shown below:
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• Measured - 12.87 Mt
• Indicated - 0.30 Mt
• Inferred - 0.00 Mt
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A complete JORC Resource Statement of coal tonnage is located in (Table 7.1) of this report.
Coal Resources have been evaluated in millions of tonnes (Mt) and coal quality figures are
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reported and modelled on a laboratory air dried basis (adb). Tonnes of coal were calculated
using relative density grids developed from the SCS coal quality data set. When gridded RD data
was not available, in-situ coal was calculated using a default relative density grid of 1.38 g/cc
which is the average for the deposit. Resource estimates have been limited to a depth of 200 m
below topography. A 200 m depth cut-off has been used as this is the average depth of
boreholes used for modelling within the concession area. A seam thickness cut-off of 0.3 m has
also been used in the estimate.
The coal within the SCS Concession can be classified as a moderate moisture and energy, sub-
bituminous, class B coal (ASTM – Guidebook of Thermal Coal page 35). It is considered to have
moderate total moisture, low ash, low sulphur content with an average air dried Calorific Value
(adb) of 5,509 Kcal/Kg.
Estimated Resource figures for this JORC statement are current from the 27th of October 2015
and have been reviewed and verified by SMGC’s Principal Geologist Mr. Abdullah Dahlan, who
is a competent person in accordance with the 2012 “JORC code”. Mr. Dahlan is a Member of the
Australasian Institute of Mining and Metallurgy. He has sufficient experience relevant to the style
of mineralisation and the type of deposit located in this concession to qualify as a Competent
Person. This document has been checked as part of SMGC’s peer review process.
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1. INTRODUCTION
PT SMG Consultants (SMGC) was engaged by PT Sigma Cemerlang Sinergi (SCS) to
commission an Independent Resource Statement for the SCS Project Area to be reported in
accordance with the JORC code. This Resource report has been prepared by SMGC to
independently estimate the Coal Resources within the SCS concession area and is current as of
27th October 2015.
The SCS concession area is beneficially controlled and owned by SCS. Exploration rights for the
concession have been granted under an “Izin Usaha Pertambangan” (IUP) Operasi Produksi and
a copy of the tenure documents is located in Appendix B. The concession extends across 2,000
ha of land located in the Balangan District of South Kalimantan, Indonesia (Figure 1.1).
Resource figures in this statement deal exclusively with coal contained within the SCS
concession boundary limited by an upper weathering surface BOW.grid, a 0.3 m thickness cut-off
and an average drilling depth extent of 200 m below topography.
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SCS, including an assessment of drilling data, outcrop data, sampling techniques,
geophysical logs and coal quality analytical results.
• Minex Data Base - develop a complete borehole database and geological model of the
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SCS exploration data using Minex Geological Software.
• Coal Resources - evaluate Coal Resources within the SCS concession area to produce a
Resource report in accordance with the JORC code.
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Coal quality results that are reported (Table 6.2) were generated from input values collected by
coal sampling and laboratory testing. Resources have been sub-divided into Measured, Indicated
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and Inferred Categories (Table 7.1) and are intended for the exclusive use of SCS.
This Coal Resource Assessment has been carried out in compliance with SMGC’s interpretation
of the 2012 JORC Code published by the Joint Ore Reserves Committee (“JORC”) of the
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Australasian Institute of Mining and Metallurgy. Under the report guidelines all geological and
other relevant factors for this deposit are considered in sufficient detail to serve as a guide to its
development.
1.2 LOCATION
The SCS concession area is located within the Balangan District of South Kalimantan, Indonesia.
Geographically the concession is situated 180 km due Northeast of Banjarmasin, the Capital
Province of South Kalimantan.
Access to the site is initially obtained via plane from Jakarta to Banjarmasin. From Banjarmasin,
access to the SCS site can be obtained by an approximately four hour drive along pre-existing
regional sealed roads (Figure 1.2).
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1.3 TENURE
SMGC has been provided with a copy of the tenure documents for the SCS concession. A copy
of the tenure documents can be located in (Appendix B). Tenure for the project is held under an
“Izin Usaha Pertambangan” (IUP) Operasi Produksi. A summary of this tenure is provided below:
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Expiry 12 June 2033
SMGC makes no warranty or representation to SCS or third parties (express or implied) in regard
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to the validity of the IUP and documentation and this Resource Statement does not constitute a
legal due diligence of the concession.
Whilst this Resource Statement does not constitute a legal due diligence of the concession a
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check has been made to identify that the IUP is included within the “Clean and Clear” list issued
by the Director General of Mineral Resources for the Indonesian Government.
It is important to note when considering this report that geological information usually consists of
a series of small points of data on a large blank canvas. The true nature of any body of
mineralisation is never known until the last tonne of ore has been mined out, by which time
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exploration has long since ceased. Exploration information relies on interpretation of a relatively
small statistical sample of the deposit being studied; thus a variety of interpretations may be
possible from the fragmentary data available. Investors should note that the statements and
diagrams in this report are based on the best information available at the time, but may not
necessarily be absolutely correct. Such statements and diagrams are subject to change or
refinement as new exploration makes new data available, or new research alters prevailing
geological concepts. Appraisal of all the information mentioned above forms the basis for this
report. The views and conclusions expressed are solely those of SMGC. When conclusions and
interpretations credited specifically to other parties are discussed within the report, then these
are not necessarily the views of SMGC.
Resource figures in this report deal exclusively with coal contained within the SCS Project
concession boundary and have been limited by an upper weathering surface, a thickness cut-off
of 0.3 m and the lower minable limits determined by the average drilling extent of 200 m below
the topographic surface.
The coal sequence in the SCS area contains 10 seams of which 6 are structurally well defined,
understood and consistently encountered by current drilling (Note: Only 3 of these seams were
able to be modelled on a quality basis due to a low number of intersections). The geology of the
area is moderate with the seams steep-lying, (dip is range 50 to 65 degrees). Faulting have been
identified in outcrop but cannot be modelled at this time. Waste interburden units are generally of
a consistent thickness across the deposit; however seam wash outs or non-development of
seams may occur.
Coal quality results reported in Table 6.2 have been generated from input values obtained from
cored boreholes. These were predominantly HQ-3 (61.1 mm) sized holes. Resources have been
sub-divided into Measured, Indicated and Inferred categories (Table 7.1) and are intended for the
exclusive use of SCS.
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In the context of complying with the Principles of the Code, Table 1 of the JORC code
(Appendix C) has been used as a checklist by SMGC in the preparation of this report and any
comments made on the relevant sections of Table 1 have been provided on an ‘if not, why not’
basis. This has been done to ensure that it is clear to an investor whether items have been
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considered and deemed of low consequence or have yet to be addressed or resolved.
The order and grouping of criteria in Table 1 reflects the normal systematic approach to
exploration and evaluation. Relevance and Materiality are the overriding principles which
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determine what information should be publicly reported and SMGC has attempted to provide
sufficient comment on all matters that might materially affect a reader’s understanding or
interpretation of the results or estimates being reported. It is important to note that the relative
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importance of the criteria will vary with the particular project and the legal and economic
conditions pertaining at the time of determination.
In some cases it may be appropriate for a Public Report to exclude some commercially sensitive
information. A decision to exclude commercially sensitive information would be a decision for the
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company issuing the Public Report, and such a decision should be made in accordance with any
relevant corporations regulations in that jurisdiction.
In cases where commercially sensitive information is excluded from a Public Report, the report
would provide summary information (for example the methodology used to determine economic
assumptions where the numerical value of those assumptions is commercially sensitive) and
context for the purpose of informing investors or potential investors and their advisers.
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short-lived marine regression in the middle Oligocene the development of a sag basin caused
renewed marine transgression. The late Oligocene is characterised by the deposition of platform
carbonates of the Berai Formation. In the late Miocene the Meratus Mountains re-emerged,
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followed by the isostatic subsidence of the basin which was situated in a foreland position in
relation to the rising mountains. Sediments shed from this uplift were deposited in the subsiding
basin, resulting in the deposition of thousands of meters of the Warukin Formation. The uplift of
the Meratus Mountains continued into the Pleistocene and resulted in the deposition of the
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molassic-deltaic sediments of the Pliocene Dahor Formation. This structural and depositional
regime still exists today.
There are 4 sedimentary formations; Tanjung Formation, Berai Formation, Warukin Formation
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and Dahor Formation. The main coal bearing formations are Tanjung Formation and Warukin
Formation. The Warukin Formation is present at near surface in the SCS tenement (Figure 2.2).
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Source: The Indonesian Association of Geologists, 2000. An Outline of the geology of Indonesia,
(IAGI, Indonesia)
2.1.1 Stratigraphy
The Tertiary stratigraphy suggests the Barito Basin underwent a megacycle of sedimentation,
beginning with a transgression, followed by bathyal conditions, terminating with a regression at
the end of basin evolution. The SCS area and its’ surroundings consists of 5 geological
formations; Tanjung Formation, Berai Formation, Warukin Formation, Dahor Formation and
igneous rock, Granodiorite. The series of formations represent a late transgressive to regressive
stage of the sediment deposition displaying an overall shallowing-upward trend from a
predominantly shallow marine base, through to coastal and fluvial bed deposits in the upper
formation members. Previous research indicates coal formations occurred mainly in the Warukin
Formation and Tanjung Formation. The stratigraphic column has been correlated according to
Figure 2.3.
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BERAI FORMATION (Tomb) F
The Berai Formation was deposited conformably on top of Tanjung Formation. Lithology of this
formation is limestone with intercalation of marl and claystone. The formation is deposited in a
shallow marine environment.
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WARUKIN FORMATION (Tmw)
The Warukin Formation is alternating of quartz sandstone and claystone, with intercalations of
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shale and coal. The Warukin Formation is un-conformably overlain by the Dahor Formation.
The Dahor Formation consist of quartz sandstone intercalated with clay and limonite, friable,
locally containing pebbles of smoky quartz, andesite, which are poorly bedded. The formation is
deposited in fluviatile environment.
GRANODIORITE (Kgd)
The granodiorite is igneous rock intrusion. The description of this intrusion; Grey with spotted
green massive, predominant minerals are plagioclase and pyroxene.
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There are 10 named seams intersected within the Project Area (Table 2.1). There is no seam
splitting in SCS model.
A thickness summary of coal seams can be seen in Table 2.1. The table reports input seam
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picks from the borehole database, interpolated seam thicknesses have not been used.
The thickest seam (D2) ranges up to 49.4 m, with a mean thickness of 37.5 m. The average
mean seam thickness of all seams is 10.9 m. Table 2.1 displays total seam thickness for all
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modelled seams. The table reports input minimum, maximum, mean values and the number of
records for each seam.
Seams may be locally absent due to washouts or faulting.
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SEAM
m m m INTERSECT
3. EXPLORATION HISTORY
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Primarily the newer records were used for modelling in this report. The modelled boreholes total
36 records (Figure 3.1). No outcrops were used as points of observation in the Resource
estimation process. F
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4.1 SURVEY
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Discrepant borehole elevations (> 2.0 m) have been corrected to the topographic surface where
valid. The surveyed borehole locations for SCS generally match well with the topographic data.
The most recent drilling programme was undertaken using man-portable top-drive hydraulic
power rigs contracted from PT Wong Pitu. Three (3) Jakro drill rigs were used that are capable of
HQ3 coring up to 200 m in depth. Holes were on average were drilled to 200 m depth below
topography. All the rigs were operated by experienced personnel and were manned by fully
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Label the sample ID card, the label should give information about the Sample Number,
Hole Number, From/To depth, and Project Code. Placing the label ID card inside the
small re-sealable plastic bag before putting it into the sample bag
• Seal the sample bag with tape and write the sample number; on the plastic bag
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The current sampling technique is considered sufficient to represent that part of the deposit that
has been sampled. Core sample recoveries have been checked by comparison of measured
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sample length vs geophysical data logs however for future programs it is suggested samples be
weighed and weight checked as an additional check to verify recovery. All correlations have been
made to ensure that sample intervals match seam intervals and that these intervals are in
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geophysical logging has been performed on all boreholes (including cored and open holes).
Geophysical logging is conducted following the completion of a borehole and ensures that the
maximum amount of data is collected for each hole drilled. After drilling is complete, the logging
unit deploys down-hole geophysical sondes, including gamma ray, caliper and density tools to
characterise the down-hole formation and its geological properties. Stratigraphic information,
intercepted along the entire length of the borehole (collar to total depth), is recorded and plotted
in adobe acrobat format. A digital copy of the data is stored in LAS file format.
Geophysical logging was provided by PT Coal Logging Indonesia. The logging equipment used
includes the following:
• Digital Logging System
• Probe: Dual Density Gamma/Caliper
• Winch: Motorised 4 conductor winch system
• Portable generator, laptop computer, printer and spares
Geophysical logging provides information on the coal seams intersected and helps better define
horizon boundaries and marker horizons used to correlate the subsurface geology. The presence
or absence of geophysical logging is one of the criteria used in the determination of whether or
not the borehole is valid as a point of observation for Resource calculations.
Under normal conditions coal-bearing sections for each borehole are logged at the completion of
drilling outside of the drill string. On some occasions, poor ground conditions have led to
collapsed borehole sections restricting the ability to log the entire hole upon completion in the
usual manner. In these cases collapsed portions have been re-drilled, with density and gamma
logging then being accomplished by lowering the geophysical probe through the drill string. In
most cases seam picks generated from the geophysical logs correspond well with the geologists
lithological logs.
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• It is also suited to process production and barging samples
• Sample preparation and analytical equipment is fit for purpose
• Staff are suitably qualified and experienced in typical coal laboratory procedures
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Analysis is carried out in compliance with procedures that are routinely subjected to
checks and balances, both internally and with other laboratories
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The analyses are considered to be within acceptable repeatability limits. The following tests were
undertaken:
• Total Moisture (TM) (as received only)
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5. EXPLORATION POTENTIAL
Exploration has been predominantly limited to the West portion of the concession where coal
outcrops and initial drilling are most prominent. Additional coal seams may well be present within
the lease area and it is suggested that a further staged exploration programme including
geological mapping and drilling is undertaken in the future to confirm if this is the case and
whether these have any economic potential.
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6. GEOLOGICAL MODEL
6.1 GENERAL
In order to generate a geological database, SCS supplied SMGC with topography and borehole
collar survey data as well as geophysical records, borehole lithology, and coal quality
information. A geological model for the SCS Project Area was generated using Minex Geologic
Modelling Software. The Minex General or Growth method was used for all modelling. The model
is composed of information from several datasets that were supplied to SMGC including
topographical and collar survey data, borehole lithology data, geophysical records and coal
quality data that was entered into a geological database.
Only appropriately validated data was considered in the modelling process. XYZ point data was
obtained from the ground survey method and compiled to model the topographic surface. A grid
file named “TOPS.grid” was generated across the entire Project Area using a 20 m x 20 m mesh
grid specification. Boreholes for the concession were surveyed using Total Station Survey
equipment to obtain accurate collar locations. It is important that the borehole survey and
topographic data match within (+/- 2.0 m) tolerance.
Boreholes must be accompanied by valid collar surveys and geophysical logs to be used in the
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modelling process. A total of 36 validated boreholes have been drilled across the deposit and
included in the SCS Structural Geological Model.
Old drilling and outcrop results have not been considered in this assessment. They were used
only to indicate the target areas for drilling.
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A total of 20 boreholes have sufficient coal quality analyses to act as significant Points of
Observation for the Resource estimation. A valid point is defined as a seam intersection that is
surveyed and cored, where quality analysis has been acquired, sample recovery is ≥ 90 % and
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the hole is accompanied by valid survey and geophysics. Validation of the signficant points to a
standard in accordance with the JORC code helps to honour the exploration data for the deposit
and enhances integrity of the Resource Model.
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• Boreholes with valid collar survey’s recorded using Total Station survey equipment - 36
• Boreholes with geophysical logs - 36
• Total number of valid boreholes included in the Structural Geological Model - 36
• Total Number of core holes (i.e. sample collected and laboratory analysed) that were
accurately surveyed and used as Points of Observation for the Resource Estimation - 20
It should be noted that the open holes were drilled to confirm structural continuity of the seams
both along strike and down-dip to improve confidence in the validity of the structural model and
the seam correlations. Open holes were only considered if surveyed using total station
techniques and if they had geophysical logs.
The SCS concession contains a steeply-dipping seam deposit and it was necessary to add
control boreholes to the existing model which allowed the seam to outcrop to the surface
properly. These 5 artificial control boreholes are all located in the Western part of the concession
(Table 6.1).
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aspect of QA and refers to the use of control checks of the measurements to ensure the systems
are working as planned.
Basic QA/QC checks were undertaken on the raw quality samples as they were received to
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ensure consistency. Any outliers were immediately noted and duplicate tests were requested to
validate the sample. The initial test that all coal samples had 100 % Proximate Analysis and that
TM was greater than IM completed on all samples (Figure 6.1). Checks of Ash vs Relative
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Density (Figure 6.2) as well as Ash vs Calorific Value were also completed (Figure 6.3). Whilst
there is some variability in moisture results between seams, results for both CV and Ash vs
Density typically fall within 2 standard deviations and can be considered valid. Outliers have
been checked against laboratory results for validity and removed from estimation purposes if
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determined to be invalid.
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'TM'
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10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
'IM'
Correlation Coefficient: -0.1867314
TM = 30.1903 + -0.1252 * IM
Correlation between RD and AS (adb)
For Seams: D2 D1 DX C6 C5 C4 C3 C2B C2A C1
2.00
1.95
1.90
1.85
1.80
1.75
T
1.70
1.65
F
'RD'
1.60
1.55
A
1.50
1.45
1.40
1.35
1.30
R
D
1.25
1.20
0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00
'ASA'
Correlation Coefficient: 0.10929606
RD = 1.3822 + 0.0067 * ASA
Correlation between CV and AS (db)
For Seams: D2 D1 DX C6 C5 C4 C3 C2B C2A C1
7,000
6,950
6,900
6,850
6,800
6,750
6,700
T
6,650
6,600
6,550
F
'CVD'
6,500
6,450
A
6,400
6,350
6,300
6,250
6,200
6,150
R
D
6,100
6,050
6,000
0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00
'ASD'
Correlation Coefficient: -0.5055516
CVD = 6675.367 + -79.0286 * ASD
JORC Resource Statement PT Sigma Cemerlang Sinergi
T
F
A
R
D
2. Validation :
T
4. Set missing seam : In whole borehole
F
5. Missing Seam Interpolation
A
7. Gridding :
8. Build Model
9. Validate Model
The seam model is generated following the establishment of a stratigraphic sequence. Minex
modelling completes the stratigraphic sequence in each borehole for missing seams. All ‘added’
boreholes picks or alterations of picks are tagged as estimated (E) or interpolated (I). These
“added” seam intervals can be selected or de-selected as required for the modelling building
process. The complete sequence is then gridded and truncated by a base of weathering surface
(BOW). The base of weathering surface was used to limit the upper projection of seam grid
extents. Dummy boreholes have been included in the model to control seam outcrop in areas of
hilly relief.
T
• ASH (Ash Content-air dried basis)
• VM (Volatile Matter-air dried basis)
• FC (Fixed carbon-air dried basis)
• TS (Total Sulphur-air dried basis)
F
• CVA (Calorific Value-air dried basis)
•
A
RD (Relative Density)
20 of the 36 SCS boreholes contain quality data and associated geophysical logs and are
considered valid for quality modelling.
R
The modelled coal quality data is summarised on a seam by seam basis in Table 6.2. Coal
quality in the area can be summarised as being moderate total moisture, low ash, low sulphur
coal. The SCS coal has an average air dried (adb) calorific value of 5,509 Kcal/Kg This coal is
D
TM IM ASH VM FC TS CV
NO.
SEAM % % % % % % kcal/kg RD
SAMPLES
ar adb adb adb adb adb adb
T
Note: only seams D2, C2B and C2A have sufficient samples to allow quality modelling
F
A
R
D
7.0 100
95
6.5
90
6.0 85
80
5.5
75
T
5.0 70
65
4.5
Cumulative %
Frequency
60
F
4.0 55
3.5 50
A
45
3.0
40
2.5 35
2.0
1.5
R 30
25
20
D
15
1.0
10
0.5 5
0.0 0
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00
ASH
Standard Dev: 0.67 Skewness: 0.40
Kurtosis: 2.82 Average: 2.08
Median: 2.01 Variance: 0.44
% Coeff var: 31.94 No Values: 23
Maximum: 3.76 Minimum: 1.05
Statistics for: TS
For Seams: D2 D1 DX C6 C5 C4 C3 C2B C2A C1
105
12 100
95
11 90
85
10
80
9 75
T
70
8 65
Cumulative %
Frequency
F
60
7
55
6 50
A
45
5 40
35
4
3 R 30
25
20
D
2 15
10
1
5
0 0
0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00
TS
Standard Dev: 0.05 Skewness: 0.30
Kurtosis: 1.40 Average: 0.12
Median: 0.10 Variance: 0.00
% Coeff var: 42.67 No Values: 23
Maximum: 0.20 Minimum: 0.06
Statistics for: CVA
For Seams: D2 D1 DX C6 C5 C4 C3 C2B C2A C1
105
13 100
95
12
90
11 85
80
10
75
T
9 70
65
8
Cumulative %
Frequency
F
60
55
7
50
A
6 45
40
5
35
4
3
R 30
25
20
D
2 15
10
1
5
0 0
5000 5100 5200 5300 5400 5500 5600 5700 5800 5900 6000
CVA
Standard Dev: 140.04 Skewness: -1.56
Kurtosis: 5.91 Average: 5534.86
Median: 5540.00 Variance: 19612.20
% Coeff var: 2.53 No Values: 23
Maximum: 5726.00 Minimum: 5100.00
JORC Resource Statement PT Sigma Cemerlang Sinergi
T
• Representative coal quality samples must be collected and submitted to an accredited
laboratory for analysis F
The database is considered by SMGC to be of an acceptable standard to report an estimated
Resource in accordance with the JORC code. All seam picks have been checked and correlated.
A
7.2 GEOLOGICAL INTERPRETATION
The SCS geological model created by SMGC was interpreted as being geologically competent
and is considered to accurately represent the SCS deposit based on the available information
R
provided. The coal seam layers exhibit strike Northeast to Southwest. The stratigraphy dips on
average at approximately 55-65 degree to the Southeast. Representative cross sections of the
concession stratigraphy are illustrated in Figure 7.1.
D
T
Coal beneficiation has been considered but is not required as the raw product is considered
marketable.
7.7
F
REASONABLE PROSPECTS OF ECONOMIC EXTRACTION
All reports of Mineral Resources must satisfy the requirement that there are reasonable
A
prospects for eventual economic extraction (i.e. more likely than not) regardless of the
classification of Resource.
Portions of a deposit that do not have reasonable prospects for eventual economic extraction
must not be included in a Mineral Resource. The basis for the reasonable prospects assumption
R
is always a material matter, and must be explicitly disclosed and discussed. This has been done
by SMGC in this report, and is discussed using Table 1 (Appendix C) from The 2012 JORC Code
as guidance.
D
It is SMGC’s opinion that based on current and emergent mining technologies, the current
understanding of the nature and quality of the ore body and the prevailing economic, social and
political conditions that the Resources stated within this report for SCS currently meet this
requirement and have reasonable prospects of economic extraction within the short to medium
term time frame.
As previously stated, the true nature of any body of mineralisation is never known until the last
tonne of ore has been mined out. Exploration information relies on interpretation of a relatively
small statistical sample of the deposit being studied; thus a variety of interpretations may be
possible from the fragmentary data available. Investors should note that the statements and
diagrams in this report are based on the best information available at the time, but may not
necessarily be absolutely correct. Such statements and diagrams are subject to change or
refinement as new exploration makes new data available, or new research alters prevailing
geological concepts.
It should be noted that these statements are made at a point in time, and that coal prices, mining
costs, legislative, environmental and socio-economic factors can all change dramatically based
on both foreseen and unforeseen events and as such any prediction of economic potential
should be treated with an appropriate degree of concern with this in mind.
T
No other environmental or permitting issues that would influence the estimation of this Resource
have been identified.
F
A
R
D
T
Resource classifications for the SCS concession were defined using the following criteria:
• Only boreholes that had valid survey collars (not GPS-survey) were used, i.e. those
boreholes not surveyed have not been considered
•
F
Cored boreholes that were geophysically logged and sampled were considered as valid
points of observation for Resource calculations
•
A
Non-logged holes were considered in structural modelling if the logged coal seams
demonstrated valid thickness and recovery parameters when compared with adjacent
geophysically logged boreholes
• Open holes intersecting coals seams with geophysical logs were also used to ensure
R
continuity of the Resource calculation along the strike length of the deposit
• Relative density results were limited and where necessary a default density of 1.38 gm/cc
was applied to Resource calculations which is the average for the deposit (Table 6.2)
D
The extent of the various Resource categories for each of the seams in the SCS Project Area
can be seen in Figure D.1 to Figure D.3 (Appendix D).
T
C3
C2B 1.01 0.04
F 0.00 1.05
C2A 3.06 0.02 0.00 3.09
TOTAL 12.87 0.30 0.00 13.17
A
The Resource that may be considered and stated in accordance with the JORC guidelines is
13.17 Mt.
R
D
8. JORC STATEMENT
The Resource estimate for the SCS Project Area has been calculated, reviewed and verified by
SMGC’s Principal Geologist Mr. Abdullah Dahlan, a Competent Person in accordance with the
requirements of the 2012 Australasian Code for Reporting of Mineral Resources and Ore
Reserves (the “JORC Code”). The information about the deposit and the total Resources for the
SCS area represent a comprehensive study of the deposit in which all geological and other
relevant factors are considered in sufficient detail to serve as a guide to its development.
The Resources Estimate complies with all major requirements of the JORC Code, including the
following qualifications:
• Resources are current as of the 27th October, 2015
• The Resource models and estimations were developed using the MINEX geological and
mine planning software system, a worldwide industry proven system used primarily for
coal mining operations
• The modelling algorithms available for generating the geological models in the MINEX
system, includes the growth technique. The grid mesh size used for modelling the
geology is 20 m x 20 m
• The Resources were calculated using the Resource Estimation tools in the MINEX
T
software system. This system has been used extensively and proven to be reasonably
accurate when compared to manual estimations of Resources for over 40 years
• Acquisition of geological data from drilling activities has been conducted professionally
F
and accurately in accordance with the principles and definitions of the “2012 JORC
Code”. The sampling and logging procedures during the drilling program have been
conducted under supervision
A
• Resources are based upon estimated relative density values. The tonnage is based on a
default air dried relative density (RD) of 1.38 g/cc where density values were not
available. This is the average density of all seams across the deposit area
R
Mr. Dahlan is a Member of the Australasian Institute of Mining and Metallurgy. He is employed by
PT SMG Consultants and has sufficient experience which is relevant to the style of mineralisation
and type of deposit situated in this concession to qualify as a Competent Person as defined in
D
the 2012 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore
Reserves”. Mr. Dahlan has over 19 years’ experience in exploration and mining of coal deposits.
Mr. Dahlan and SMGC consent to the inclusion of this Resource Report in reports disclosed by
the Company to third parties in the form in which it appears. This Resource Report may only be
presented in its entirety. Extraction of selected text from this report is only permitted with the
written consent of PT SMG Consultants.
Yours sincerely
PT SMG Consultants
Abdullah Dahlan
B.Sc (Geology), MAusIMM, Principal Geologist
This document was checked as part SMGC’s peer review process. Peer review was undertaken
by Mr. Kim Knerr who is also a Member of the Australasian Institute of Mining and Metallurgy,
and a Geological Engineer. Mr. Knerr is employed as a Principle Engineer by SMGC. He has
sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2012 Edition of the “Australasian Code for Reporting of Mineral Resources and
Ore Reserves”.
Kim Knerr
B.Sc (Geological Engineering), MAusIMM, Principal Engineer
T
F
A
R
D
T
F
Appendix A – Consent Template
A
R
D
Report name
T
(Insert name of the deposit to which the Report refers)
F
If there is insufficient space, complete the following sheet and sign it in the same manner as this
original sheet.
A
(Date of Report)
R
D
Statement
I/We,
• I am a Competent Person as defined by the JORC Code, 2012 Edition, having five years’
experience that is relevant to the style of mineralisation and type of deposit described in the
Report, and to the activity for which I am accepting responsibility.
• I am a Member or Fellow of The Australasian Institute of Mining and Metallurgy or the Australian
Institute of Geoscientists or a ‘Recognised Professional Organisation’ (RPO) included in a list
promulgated by ASX from time to time.
T
I am a full time employee of
I have disclosed to the reporting company the full nature of the relationship between myself and the
company, including any issue that could be perceived by investors as a conflict of interest.
I verify that the Report is based on and fairly and accurately reflects in the form and context in which it
appears, the information in my supporting documentation relating to Exploration Targets, Exploration
Results, Mineral Resources and/or Ore Reserves (select as appropriate).
Consent
I consent to the release of the Report and this Consent Statement by the directors of:
T
Signature of Witness: Print Witness Name and Residence:
F (eg town/suburb)
A
R
D
Additional deposits covered by the Report for which the Competent Person signing this form is
accepting responsibility:
Additional Reports related to the deposit for which the Competent Person signing this form is
accepting responsibility:
T
F
Signature of Competent Person: Date:
A
T
F
Appendix B – Tenure Documents
A
R
D
BUPATI BALANGAN
KEPUTUSAN BUPATI BALANGAN
NOMOR 188.45/ 241 lKum TAHUN 20tg
TENTANG
BUPATI BALANGAN,
MEMUTUSKAN:
Komoditas Batubara
Lokasi Penambangan
Desa Mantuyan, Tigarun dan
Tawahan
Kecamatan Juai dan Halong
Kabupaten Balangan
Provinsi Kalimantan Selatan
Kode Wilayah 63 11 0t -02
Luas 2.000 Ha
Paringin
12Juni 2013
*
6
q
1. Yth. Menteri Energi dan Sumber Daya Mineral Cq. Direktur Jenderal Mineral,
Batubara dan Panas Bumi di Jakarta
2. Yth. Direktur Jenderal Pajak, Departemen Keuangan
3. Yth. Direktur Jenderal Perbendaharaan, Departemen Keuangan
4. Yth. Direktur Jenderal Pendapatan Daerah, Departemen Dalam Negeri
5. Yth. Gubernur Kalimantan Selatan Cq. Dinas Pertambangan dan Energi di
Banjarbaru
6. Yth. Kepala Biro Hukum dan Humas/Kepala Biro Keuangan/Kepala Biro
Perencanaan dan Kerjasama Luar Negeri, Setjen Departemen Energi dan Sumber
Daya Mineral
7. Yth. Direktur Teknik dan Lingkungan Mineral, Batubara dan Panas Bumi
8. Yth. Direktur Pembinaan Program Mineral, Batubara dan Panas Bumi
9. Yth. Direktur Pembinaan Pengusahaan Mineral dan Batubara
10. Yth. Direktur Pajak Bumi dan Bangunan Departemen Keuangan
11. Yth. Kepala Dinas Pertambangan dan Energi, Provinsi Kalimantan Selatan
12. Kepala Dinas Pertambangan dan Energi Kabupaten Balangan
13. Kepala Dinas Pendapatan, Pengelolaan Keuangan dan Aset Daerah Kabupaten
Balangan
USaNF<
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LAMPIRAN II
, KEPUTUSAN BUPATI BALANGAN
NOMOR 188.45/241lKurn TAHUN 2OI3
Lokasi
- Propinsi Kalimantan Selatan
- Kabupaten Balangan
- Kecamatan Juai dan Halong
- Tahap Operasi Produksi
- Komoditas Batubara
- Luas Wilayah 2.000 Ha
No.
Lintang
Titik Buiur Tlmur lBTl Selatan lLSl LUlLS
o I lt o I r
1 115 39 40 2 L7 45 LS
2 115 38 25 2 t7 45 LS
3 115 38 25 2 19 0 LS
4 115 37 40 2 19 o LS
5 115 37 40 2 19 29 LS
6 115 38 47 2 19 29 LS
7 115 38 47 2 22 25.5 LS
8 115 39 35 2 22 2s.5 LS
9 115 39 35 2 2t 5 LS
to 115 40 33 2 21 5 LS
11 115 40 33 2 20 o LS
r2 115 39 40 2 20/ -o) LS
I ,
t
l)
[(
IjI''!'IjNf,'Ilj
LAMPIRAN III
KEPUTUSAN BUPATI BALANGAN
NOMOR 188.45 I 241 I Kum TAHUN 2Ot3
A. Hak
1. Memasuki WIUP sesuai dengan peta dan daftar koordinat.
2. Melaksanakan Kegiatan IUP Operasi Produksi (Konstruksi, Produksi,
Pengolahan Pemurnian dan Pengangkutan Penjualan) sesuai dengan
ketentuan peraturan perundang-undangan;
3. Membangun fasilitas penunjang kegiatan IUP Operasi Produksi
(Konstruksi, Produksi, Pengolahan Pemurnian dan pengangkutan
Penjualan) di dalam maupun diluar WIUP;
4. Dapat menghentikan sewaktu-waktu kegiatan IUP Operasi Produksi
(Konstruksi, Produksi, Pengolahan Pemurnian dan pengangkutan
Penjualan), di setiap bagian atau beberapa bagian wIUp dengan
alasan bahwa kelanjutan dari kegiatan IUP Operasi Produksi
(Konstruksi, Produksi, Pengolahan Pemurnian dan pengangkutan
Penjualan) tersebut tidak layak atau praktis secara komersial
maupun karena keadaan kahar, keadaan yang menghalangi sehingga
menimbulkan penghentian sebagian atau seluruh kegiatan usaha
Pertambangan;
5. Mengajukan permohonan pengusahaan mineral 1ain yang bukan
merupakan asosiasi mineral utama yang diketemukan dalam WIUP;
6. Mengajukan pernyatan tidak berminat terhadap pengusahaan
mineral lain yang bukan merupakan asosiasi mineral utama yang
diketemukan dalam WIUP;
7. Memanfaatkan sarana dan prasarana umum untuk keperluan IUP
Operasi Produksi (Konstruksi, Produksi, Pengolahan Pemurnian dan
Pengangkutan Penjualan) setelah memenuhi ketentuan peraturan
peraturan perundang-undangan ;
8. Dapat melakukan kerjasama dengan perusahaan lain dalam rangka
penggunaan setiap fasilitas yang dimiliki oleh perusahaan lain baik
yang berafiliasi dengan perusahaan atau tidak sesuai dengan
ketentuan peraturan perundang-undangan;
9. Dapat membangun sarana dan prasarana pada WIUP lain setelah
mendapat izin dari pemegang IUP yang bersangkutan.
B. Kewajiban
*
6
JORC Resource Statement PT Sigma Cemerlang Sinergi
T
F
A
Appendix C – JORC Table 1
R
D
Criteria Explanation
Sampling
• As discussed in Section 4.3 of this report.
techniques
Drill sample
• As discussed in Sections 4.2 to 4.4 of this report.
recovery
Sub-sampling
techniques and
• As discussed in Section 4 of this report.
sample
preparation
T
Quality of assay
data and • As discussed in Sections 4.5 and 6.2 of this report.
laboratory tests
Verification of
•
sampling and
• Visual inspection on site.
F
As discussed in Section 4.5 and Section 6.2 of this report.
assaying
Location of data
• As discussed in Section 4.1 of this report and shown in Figure 3.1.
A
points
Data spacing and • As discussed in Section 6.1 and associated figures. Borehole locations identified in
distribution Figure 3.1 as well as those used for estimation purposes in Appendix D.
R
Orientation of data
in relation to • All holes have been drilled vertically. Geological structure and local geology inclusive of
geological seam dip is described in Section 2.1, Section 2.2 and Section 2.3 of this report.
structure
D
• Visual inspection of sample collection and batch creation. Samples were transported to
Sample security
the laboratory by SCS personnel/contractors.
• A review of the borehole database was made before modelling was undertaken (See
Audits or reviews
Section 1.1 and Section 7.1 of this report).
Criteria Explanation
Mineral
tenement and
• As discussed in Section 1.3 of this report.
land tenure
status
Exploration
done by other • As discussed in Section 3 of this report.
parties
Drill hole • As discussed in Sections 3 and Section 4 of this report. All boreholes exist in a validated
Information Minex database which includes lithological, quality and hole survey information.
Data
• Sample methodology is discussed in Sections 4.3 of this report. All samples have been
aggregation
composited over the full seam thickness and reported using Minex software tools.
methods
Relationship
between
T
mineralisation
• Down-hole lengths have been used in the modelling of the seams in Minex.
widths and
intercept
lengths
•
F
All maps, tables and diagrams are identified in the Table of Contents of this report under
Diagrams
the headings “Tables”, “Figures” and “Appendices”.
•
A
Balanced All reporting has been done in a balanced and measured way and is discussed in Sections
reporting 7 of this report. Table 1 has been used on an “if not, why not” basis
Other
substantive
• As discussed in Section 3 of this report.
R
exploration
data
• As discussed in Section 5 of this report. Further work will be necessary to improve the
confidence levels of the deposits and understanding of the full seam stratigraphy,
Further work
D
particularly in the Western portion of the concession. No proposed exploration plan has
been proposed in this report.
Criteria Explanation
Database
• As discussed in Section 7.1 of this report.
integrity
• Site visits have been undertaken on numerous occasions by SMGC staff over the years to
Site visits
assist with geological exploration of the concession area.
• As discussed in Section 7.2 of this report, and shown in representative cross sections in
Geological
Figure 7.1. The SCS 3D geological models have been created in Minex software and are
interpretation
considered to be an appropriate interpretation of the dataset.
Estimation and
modelling • As discussed in Section 6 and 7 of this report.
techniques
Cut-off
• As discussed in Section 7.5 of this report.
parameters
T
• It is assumed that the Resource would be amenable to be mined as an open pit excavation
Mining factors by truck and shovel methods down to a depth of 200 m below original topography. It has
or assumptions also been assumed that 30cm is the minimum seam thickness likely to be mined by
standard equipment.
F
Marketing
factors or • As discussed in Section 7.7.3 of this report.
assumptions
A
Environmental
factors or • As discussed in Section 7.7.1 of this report.
assumptions
R
• No previous JORC Resource estimate has been undertaken on this concession area that
D
Audits or SMGC is aware of. Review of the exploration data provided to SMGC by SCS has been
reviews undertaken as part of the modelling and estimation process as discussed in Section 3,
Section 6 and Section 7.1.
Discussion of
relative
• As discussed in Section 1.4, Section 7.7 and Section 7.8 of this report.
accuracy/
confidence
Criteria Explanation
Mineral
Resource
• Not Applicable to this Resource Estimate as it relates to estimation and reporting of
estimate for
Reserves.
conversion to
Ore Reserves
Cut-off • Not Applicable to this Resource Estimate as it relates to estimation and reporting of
parameters Reserves.
Mining factors or • Not Applicable to this Resource Estimate as it relates to estimation and reporting of
assumptions Reserves.
T
Metallurgical
• Not Applicable to this Resource Estimate as it relates to estimation and reporting of
factors or
Reserves.
assumptions
Reserves.
Market • Not Applicable to this Resource Estimate as it relates to estimation and reporting of
assessment Reserves.
Economic
Reserves.
Audits or • Not Applicable to this Resource Estimate as it relates to estimation and reporting of
reviews Reserves.
Discussion of
relative • Not Applicable to this Resource Estimate as it relates to estimation and reporting of
accuracy/ Reserves.
confidence
Criteria Explanation
Indicator
• Not Applicable to this Coal Resource Estimate.
minerals
Source of
• Not Applicable to this Coal Resource Estimate.
diamonds
Sample
• Not Applicable to this Coal Resource Estimate.
collection
Sample
• Not Applicable to this Coal Resource Estimate.
treatment
T
Reporting of
Exploration • Not Applicable to this Coal Resource Estimate.
Results
Grade
estimation for
reporting
F
• Not Applicable to this Coal Resource Estimate.
Mineral
Resources and
A
Ore Reserves
Value
• Not Applicable to this Coal Resource Estimate.
estimation
R
Security and
• Not Applicable to this Coal Resource Estimate.
integrity
T
qualifies as economically mineable and available in a given
cut-off grade product specifications deposit. May be defined on the basis of economic evaluation,
or on physical or chemical attributes that define an acceptable
product specification.
F
Any physical or chemical measurement of the characteristics
quality, assay, analysis of the material of interest in samples or product. Note that the
grade (that is value returned by term quality has special meaning for diamonds and other
the analysis) gemstones. The units of measurement should be stated when
A
figures are reported.
T
F
A
R
D
T
F
Appendix D – Resource Polygons
A
R
D