Currently viewing Global edition

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.

Nusantara finds strategic partner for Awak Mas Nusantara finds strategic partner for Awak Mas Nusantara finds strategic partner for Awak Mas Nusantara finds strategic partner for Awak Mas Nusantara finds strategic partner for Awak Mas

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.