MDKA - Enhanced the value of TB Gold and TB Copper

MDKA - Enhanced the value of TB Gold and TB Copper Merdeka Copper Gold (MDKA) has announced several initiatives to enhance the value of its Tujuh Bukit Gold Mine (TB Gold) and Tujuh Bukit Copper Project (TB Copper) in East Java, Indonesia. The expansion of oxide gold reserves at TB Gold has increased the gold ore reserve significantly (+36%), extending its operation until 2029 and potentially further. Extensive drilling at TB Copper has increased the indicated resources by 71%, leading to an expansion of the mine layouts and higher production volumes. Merdeka is optimizing downstream processing solutions and investigating open pit copper-gold targets to integrate TB Copper and TB Gold operations strategically. Comment : We are positive on the news, as these initiatives aim to improve cash flow generation, maximize the project value, and reduce implementation risks.