SURFACE

FEED contract for Awak Mas awarded

Nusantara Resources has awarded the FEED contract for its 2Moz Awak Mas gold project in Indonesia

Staff reporter
An aerial view of the Awak Mas camp

An aerial view of the Awak Mas camp

The nine-month FEED contract has been awarded to PT Petrosea, an Indonesian Stock Exchange-listed company that is 69.8% owned by Indika Energy.

The US$11.45 million FEED contract is one of three critical path items for the proposed 2Moz open-pit project. The other areas are tailings storage facility design and permitting.

Those three areas form part of a US$30 million capital works programme budgeted for 2020.

Neil Whitaker, CEO of Nusantara, said: "This is another significant milestone towards the development of the Awak Mas gold project and, in a favourable environment for gold, bodes well for the future success of the project and its stakeholders."

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