The Company’s feasibility study (“FS”) submitted to the Government of Indonesia approved.

The Company entered ‘Operation and Production Period’ until June 2050.

The Company signed an Amendment to the Contract of Work (“CoW”) with the Government of Indonesia. 

Feasibility Study addendum approval received.

AMDAL Addendum approved and receipt of new environmental License, ‘Izin Lingkungan’.

Indika Energy enters an investment agreement to acquire a direct interest in Masmindo.

• Masmindo confirms local partnership with PT Indika Energy Tbk.
• Approval of Community Development and Empowerment Plan received.

Masmindo, Nusantara Resources, and Indika Energy entering into agreements to partner and develop the Awak Mas Gold Project. 

Masmindo receives PT Indika Energy Tbk investment.

PT Indika Energy TBK (through PT Indika Mineral Investindo) becomes twenty five percent (25%) shareholder of Masmindo.

Masmindo and PT Petrosea Tbk entered Front End Engineering and Design Services Contract (FEED Contract).