ANTM - Gearing up to initiate exploration activities in 2 newly acquired nickel mining blocks

ANTM - Gearing up to initiate exploration activities in 2 newly acquired nickel mining blocks ANTM is gearing up to explore two new nickel mining blocks following the announcement by Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif, who recently awarded nine Mining Business License Area Blocks (WIUP) for metal minerals and coal. Among these blocks, ANTM has secured management rights over two blocks dedicated to nickel commodities. These are the Marimoi I Halmahera Block in East North Maluku and the Lililef Sawai Block in Central Halmahera, North Maluku. (Source: Kontan) Comment: We view this development optimistically, as the acquisition of new mining blocks will not only expand Antam's reserves but also bolster future nickel ore production