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• The materials used herein and this presentation (collectively, the “Presentation”) have been prepared by PT Agincourt Resources (the “Company”) solely for use atpresentations to be held during August 2016. By viewing the Presentation, or by reading the materials used at the Presentation, you agree to be bound by thefollowing limitations:
• The Presentation may not be copied, published, distributed or transmitted or disclosed by recipients to third parties.• The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities
or an inducement to enter into any investment activity, nor shall any part or all of the Presentation form the basis of, or be relied on in connection with, any contractor investment decision in relation to any securities.
• The Presentation is being provided by the Company for informational purposes only and has not been independently verified. The Company does not make anyrepresentation or warranty, express or implied, as to the fairness, accuracy, correctness or completeness of the information in the Presentation, and nothing in thePresentation is (or shall be relied upon as) a promise or representation by the Company.
• The Presentation is based on the publicly available information about the Company as at 1st August 2016 and the Presentation is qualified in its entirety by referenceto the Public Information. Copies of certain information relating to the Company are available at www.agincourtresources.com. You are urged to review the otherPublic Information in its entirety.
• The Presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which areexpressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which maycause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financialcondition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, viewers of thePresentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-lookingstatements to reflect future events or developments.
• The Presentation is only directed at qualified investors and investment professionals and other persons should not rely on or act upon the Presentation or any of itscontents.
• The Presentation does not constitute a recommendation regarding the securities of the Company. By viewing this presentation you acknowledge that you will besolely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solelyresponsible for forming your own view of the potential future performance of the business of the Company.
• The Presentation speaks as of 1st August 2016. Any further discussions of the Company with any of the recipients shall not, under any circumstances, create anyimplication that there has been no change in the affairs of the Company since such date.
• Nothing in the Presentation constitutes an offer of securities for sale in the United States or any other jurisdiction, nor does it constitute an invitation to subscribefor, purchase or sell any securities.
Six known deposits within a 5km x 6km area with
Purnama the largest so far
Part of a large-scale mineralised district which has the
potential to host further gold and gold-copper deposits
Purnama
Tor UlualaRamba Joring
Uluala Hulu(behind Tor Uluala)
Uluala Hulu(behind Tor Uluala)
Process Plant
Barani
Horas
Arcs of Indonesia and adjacent areas form one of the worlds great gold and copper-gold mineral
provinces
The province is equally well endowed with epithermal (gold) and porphyry (copper-gold) deposits
The Arc from Sumatra to east of Java contains approximately 70moz Au, 145mOz Ag and over 16 million
tonnes of Cu in past production and resources
8
• 1997 Discovery by Normandy (JV with Anglo)
• 2009 G-Resources commences construction
• 2012 First Gold
• 2016 Acquired by consortium lead by EMR
• 1997 Discovery by Normandy (JV with Anglo)
• 2009 G-Resources commences construction
• 2012 First Gold
• 2016 Acquired by consortium lead by EMR
4.5Mtpa ore bulk style open-pit mining
Low LOM strip ratio of 0.9:1 for Purnama
Standard process technology
Mine, crush, SAG/Ball mill, carbon-in-leach (CIL) operation, gold/silver
bullion production; designed to treat oxide ores and mixed ores
Assumed LOM gold recoveries 77%, silver recoveries 67% -
currently achieving ≈ 83% and ≈ 69% respectively
stockpilePrimary Crushing
ROM
Pebble CrushingGrinding Mills
CIL
Water Services
Desorption
Gold Room
CrushingSAG &
Ball Mill
Leach /
CILTailings
Martabe
Smelting
Jakarta
Refinery
At PT Agincourt Resources we believe that the support and endorsement from our local
communities is fundamental to the long-term success of our business. Trust, mutual
respect, active partnership and long term commitment to a workable relationship and
achieving sustainable development are the cornerstones of the company’s philosophy.
CSR
1. Health programs e.g. mother and child health, nutrition, cataract blindness
2. Education e.g. reading gardens, classrooms, Teacher English training
3. Infrastructure e.g. clean water, public facilities, bridges, roads
4. Agriculture e.g. training and assistance to local farmers for crop productivity improvement
5. Economic development e.g. local businesses, local employment
Human Resources
1. Development of local people
2. 70% of workforce from the local area
3. Training and development for long term skills
4. Gender program – providing more opportunities for women at Martabe
Cataracts 4,500 patients and indirectly 18,000 family
Puskesmas – Medical Clinic for local community
Supporting the community in the provision of basic infrastructure needs and improve the standard of living
1,200m2
Inpatient Puskesmas
174m & 150m
Hanging Bridges
1,723m3
River Gabion
900m2
Grand Mosque
23km
Clean Water Piping
78unit
Public Ablution
6,2km
Village Concrete Road
3unit
Government Office
Increase community income through the creation of new business opportunities;
increase capacity and productivity of the SMEs, farmers and fishermen
37PTAR Contractor & Supplier
2unit
Locally-owned Retailer
“Bagasta “& “Sahata”
3village
Fishery Development
12Farmer Group
Paddy Rice Devp.
3fruit demplot
Papaya, Pineapple, Watermelon
6village
Horticulture with KWT
Organic Farming Method
CapacityBuilding Programs
Safety – LTIFR: 0.34 (per million man hours)
TRIFR: 3.39 (per million man hours)
Environment – compliant
Community – strong support
Government – all permits in place
Au sold – 302k ozs
MIP program success
Unit Costs – AISC* : $503/oz*(All In Sustaining Costs, World Gold Council)
OPERATIONS 2013 2014 2015
Tonnes Milled (Mt) 3.615 3.867 4.210
Gold Sold (Kozs) 280 274 302
Silver Sold (Kozs) 1,464 2,118 2,568
FINANCIAL - USD 2013 2014 2015
AISC $/oz $799 $700 $503
Mine• Mine Productivity – improved
efficiency and productivity rates• Fleet options study – bigger trucks,
larger excavators
Mine to Mill• Drill & Blast – fragmentation, size• Secondary crushing
Process Plant• SAG productivity – operating
parameters, speed, charge, weight
• SAG liners, discharge grates• Pebble crusher• Availability
Costs • Power• Supply costs• Overheads
Efficiency , Productivity, Cost Reduction, Increased Revenue
• Optimising grinding circuit
• Energy cost reduction
• Debottlenecking Process Plant 5mtpa
• Mine Fleet Optimisation
Resources (Moz Au) Reserves (Moz Au)
2009 6.45 2.8
2015 (public reported Resource) 7.4 2.8
Gold in ore milled (2012-15) 1.15 1.15
Total at 2015 + ore milled 8.55 3.95
Total change 2009-2015 + 2.10 + 1.15
Resources = metal in the groundReserves = economic assessment of ResourcesMoz Au = millions of ounces of gold
Barani Reserve
Horas South
Horas South
Horas Resource
Barani
TSF
Batangtoru River
Exploration 3-4 km south of Martabe in January located a new cluster of deposits.
Includes a new 1km long undrilled target at Horas South. Drilling planned.
Oxide pods being drilled at Horas West.
Other areas identified for surface follow up.
Targets to be assessed
Targets to be assessed
Targets to be assessed
• Multiple early stage targets to be drill tested.
• Undrilled extensions to known Resources.
• Ongoing conversion of Resources into Reserves.
• In mine exploration and infill has expanded the Reserve tonnes and increased average grade, and is predicted to continue doing so.
• Ongoing projects for high grade underground extensions and refractory processing.Horas Cluster
Partodungan
Eastern Contact Zone
BaringinDrill hole locationsBackground geophysics resistivity
Tor Uluala
Ramba Joring
Purnama
Barani
Horas
Uluala Hulu
• The Martabe COW consists of 1639km2 of the highly prospective Sumatra belt
• 130km strike length along the belt covering multiple project areas
• Multiple targets remain to be drill tested
• Includes a mix of gold-silver and porphyry copper-gold targets
1. Sustainable Development• Strengthening social license with local community
2. Optimising costs• MIP Program – efficiency, productivity, ounces = Cash Margin• Mine, Mill, Power, Major Contracts, Overheads
3. Optimising capacity• Optimising mine fleet• Optimising grinding circuit• Debottlenecking the process plant (existing assets)
4. Growth through exploration• Extend current mine line and utilise existing assets and infrastructure• Extensions to existing deposits• Near mine targets • Contract of Work targets