PT J Resources Asia Pasifik Tbk Reports Earnings Results for the Half Year Ended June 30, 2023

PT J Resources Asia Pasifik Tbk is an Indonesia-based intermediate gold producer. The Company operates, mines and understands low grade-gold deposits and heap leach systems. It produces approximately 200,000 oz per annum, derived from its operating Indonesian assets. It owns approximately five projects, where one is in development and exploration stage, two are producing mines and two are in care and maintenance stage. The primary producing assets are Bakan Mine in North Sulawesi, contributes a production capacity of 70,000-120,000 oz per annum and the secondary producing asset is Penjom Mine in Malaysia, which contributes a production capacity of 30,000-35,000 oz per annum. Also, North Lanut Mine in North Sulawesi and Seruyung Mine in North Kalimantan have entered its post-mining stage. The Company’s project pipeline is Doup Project, which is located in East Bolaang Mongondow Regency, North Sulawesi. The production capacity of Doup Project averaging 60 koz - 70 koz per year.