At Pani Mountain on the island of Sulawesi, Merdeka Gold Resources (MGR) is developing the Pani Gold Mine, one of the largest primary gold mines in Indonesia and the Asia-Pacific. The Pani Gold Mine contains more than 7 million ounces of gold with a multi-decade mine life.

MGR operates under PT Merdeka Copper Gold Tbk (IDX: MDKA), which has a proven track record operating the Tujuh Bukit Gold Mine in Banyuwangi, East Java. Leveraging this expertise, MGR aims to unlock the full potential of Pani Mountain—a historic gold-producing region since the 19th century—located in Hulawa Village, Pohuwato Regency, Gorontalo Province, Central Sulawesi.

The Pani Gold Mine is managed through several MGR subsidiaries responsible for mining operations, processing, and supporting infrastructure. The project is designed as an open-pit mine and is being developed in phases.

The initial phase of development of the Pani Gold Mine uses the heap leach processing method with a capacity of 7 million tons of ore per year, with a production target of approximately 140,000 ounces of gold per year.

In the next phase, MGR will build a carbon-in-leach (CIL) facility with an initial capacity of 7.5 million tons per year and will expand to 12 million tons by 2030.

The combined heap leach and CIL capacity will reach 19 million tons per year, with potential peak production of up to 500,000 ounces of gold per year.

First gold processing is expected by late 2025, with commercial production scheduled to begin in early 2026.

The project will be developed in a sustainable manner, with the application of good mining practices and a commitment to social and environmental development.