Jakarta, MINE – PT Merdeka Gold Resources Tbk (MGR), a subsidiary of PT Merdeka Copper Gold Tbk (MDKA), announced that the Pani Gold Mine (Pani Gold Mine/PGM) has started the irrigation process at the facility heap leach pad on Tuesday, January 27, 2026.
This achievement is one of the final stages in the production process towards the realization of initial gold production which is targeted in the first quarter of 2026.
President Director of PT Merdeka Gold Resources Tbk, Boyke Poerbaya Abidin said that irrigation had started heap leach confirmed that the Pani Gold Mine’s initial gold production could run according to target in the first quarter of this year.
“This project is not only a driver of long-term value for investors, but is also expected to make a real contribution to regional development, especially for the people of Pohuwato Regency through increasing Regional Original Income (PAD), creating jobs and developing local MSMEs,” he said, quoted in an official statement, Wednesday (28/1).
In process heap leachthe crushed gold ore is piled on top heap leach pad and flowed with a chemical solution to dissolve the gold and silver content of the ore.
The resulting solution is rich in valuable metals (pregnant leach solution) then flowed to the ADR Factory (Adsorption, Desorption, and Recovery) for the extraction and refining process, to produce gold and silver in the form of dore bullion. PGM’s ADR facility has completed the commissioning stage and is ready for processing pregnant leach solution.
Along with the initial stage of development through heap leachthe Company is also advancing the construction of processing facilities Carbon-in-Leach (CIL) with an installed capacity of up to 12 million tons of ore per year from 2027 to 2026, which will support an increase in PGM’s gold production capacity in the medium to long term.
In terms of resources, the Pani Gold Mine has Gold Ore Reserves (Ore Reserve) about 4.8 million ounces gold from the Mineral Resource Estimate (Mineral Resource Estimate) more than 7 million ounces gold. With this scale, Pani Gold Mine occupies a position as one of the mines with the largest primary gold deposits in Indonesia, while strengthening the Company’s long-term growth fundamentals.
Along with optimizing operations heap leach and the development of CIL facilities, the Pani Gold Mine has the potential to generate more than 500,000 ounce gold per year at peak production, making it one of the largest gold mines in Indonesia and the Asia Pacific.
Source: tambang.co.id
