CAPITAL MARKETS

Nusantara finds strategic partner for Awak Mas

Gold project developer Nusantara Resources is raising A$10.25 million in a deal that heralds the arrival of a strategic Indonesian cornerstone investor keen on the potential 100,000 ounce per annum Awak Mas operation in South Sulawesi.

Michael Quinn
Awak Mas pre-production capex put at US$146 million

Awak Mas pre-production capex put at US$146 million

Integrated Indonesian energy and resources business Indika will hold a 19.9% interest in Nusantara after investing nearly $7.7 million for shares priced at 23c each. Existing Nusantara shareholder AustralianSuper...

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