Sisma Group is a joint-venture partner of a coal mine in Central Kalimantan, Indonesia. The mine, covering more than 8,000 ha, started operations in 2023 and currently ships coal to domestic and international buyers.

Based on a JORC assessment of its coal reserves in September 2015, the mine has an estimated certified-coal resource of 46 million tonnes, with the CV averaging at 3800 GAR.

A scout drilling exercise on area of 1,710 ha (or 19% of the concession area), estimated the total resources to be not less than 150 million tonnes.

* JORC – Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy (the “JORC Code”)