GOLD MINE PROJECT

GOLD MINE AT NORTH SULAWESI ---------------------------------------------------- OWNER : PT BLJ GROUPS LOCATION : RATATOTOK, SOUTH MINAHASA NORTH SULAWESI / MANADO AIRPORT – MINE SITE : 100 KM MINE SITE – SEAPORT : 10 KM AREA : 50 HA RESERVE : +- 196,000 TONNE GOLD CONTENT : 5 – 9 GRAM /TONNE PRICE FOR TAKEOVER : TO BE DISCUSS . PERMITS : * 165 / JUNE 2004 : KP EKSPLOITASI – 10 YEARS ( MINING EXPLOITATION AUTHORITY PERMIT ) • 164 / JUNE 2004 : IZIN PENGANGKUTAN DAN PENJUALAN ( TRANSPORTATION AND TRADING PERMIT ) • 163 / JUNE 2004 : IZIN PENGOLAHAN DAN PEMURNIAN ( REFINING AND SMELTING PERMIT ). SUPPORTING DATA : PREPARED BY PT NEWMONT MINAHASA RAYA • ECONOMIC ANALYSIS / EVALUATION • FINAL REPORT ON DEVELOPMENT PROGRAM ** DRILLING ** GEOTECHNICAL STUDIES ** METALLURGICAL STUDIES ** ENVIROMENTAL STUDIES ** MODELING AND RESERVE ESTIMATE ** EXPLORATION POTENTIAL ( AVAILABLE WHEN REQUIRED ) FACILITIES : * ACCESS ROAD FROM MINE SITE TO SEAPORT * EX NEWMONT SEAPORT FACILITIES