JAKARTA. PT J Resources Asia Pasifik Tbk (PSAB), a gold mining company with market capitalisation at IDR 4.63 trillion, announced the discovery of new gold prospects within the work area of its subsidiary, PT J Resources Boolang Mongondow (JBRM).

Said discovery is said to be based on the review of regional and exploration data of initial field, which is located within the Project Contract Area of JRBM in 2023. With this opportunity, JRBM might potentially advance the project by proceeding with detail exploration stage, to new mining area development.

For the record, Bakan Mine managed by JRBM in Boolang Mongondow Regency has been operating since 2013. With current existing resources, Bakan Mine is projected to have only 4 years left of lifespan.

“This discovery of new gold prospects is expected to be an alternative for increasing the lifespan of Bakan Mine, or even being developed into an entirely new mine,” added the management of PSAB in the information disclosure. (KR/ZH)