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Nusantara ups Awak Mas reserve by 11%

INDONESIA-focused Nusantara Resources says an 11% increase in its Awak Mas gold reserve, plus the project’s exploration potential, underpins its confidence in the proposed low-cost, long-life, standalone project in South Sulawesi.

Ngaire McDiarmid
Nusantara's camp at Awak Mas

Nusantara's camp at Awak Mas

The 11% increase takes the project's probable reserve to 26.9 million tonnes at 1.32gpt gold for 1.14 million ounces, using a 0.5gpt cut-off and a US$1250/oz gold price. It builds on the maiden 1Moz...

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