MDKA - Efficient gold exploration

MDKA - Efficient gold exploration Merdeka Copper Gold (MDKA) actively pursues gold production reserves until the close of 2Q23, capitalizing on the ongoing surge in global commodity prices. The company plans to extend exploration efforts into 3Q23 at strategic Indonesian sites: Tujuh Bukit (East Java), Pulau Wetar (Southwest Maluku), and Pani (Gorontalo). Tujuh Bukit holds a primary focus on copper-gold and silver-gold resources, with an allocated exploration budget of IDR143.3 bn. Wetar prioritizes copper resources, while Pani is earmarked for gold resources. Total exploration spending for Merdeka in Q323 is approximately IDR312.5 bn. Emphasizing Tujuh Bukit's significance, MDKA's highlights its reserves of about 8.1 mn tons of copper and 27.4 mn ounces of gold. (Source : Investor Daily)