Name and Location
Tembang gold/silver project, Sumatra, Indonesia.

Client
Sumatra Copper & Gold.

Project Description
The Tembang project has Joint Ore Reserves Committee-compliant proven reserves of 2.4-million tons at 2.5 g/t gold and 38.7 g/t silver for 200 000 oz of gold and three-million ounces of silver; and probable reserves of 3.1-million tons at 2.1 g/t of gold and 25.6 g/t of silver for a total of 200 000 oz of gold and 2.5-million ounces of silver.

The Stage 1 production plan is a low-cost, high-grade operation targeting a 400 000 t/y process capacity to produce 30 000 oz/y of gold and 200 000 oz/y of silver.

Stage 2 will increase throughput to 900 000 t/y and production to 50 000 oz/y of gold and 500 000 oz/y of silver.

The project has a 7.5-year mine life based on current resource inventory.

Value
$68.14-million.

Duration
Commercial production is expected in December 2013 quarter.

Latest Developments
Sumatra has received credit approval from Credit Suisse for $30-million in senior debt facilities to fund the commercial development of the Tembang project. The senior debt facilities are subject to the completion of project finance documentation and conditions precedent. These include final approval of the company’s forestry permit, expected in March, and the completion of the equity component of the funding package.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Sumatra Copper & Gold, tel +61 8 9389 2111, fax +61 8 9389 2199 or email info@sumatracoppergold.com.