United Tractor (UNTR) Spends IDR 23.7 M on Exploration in Sibolga

United Tractors Tbk. (UNTR) conveyed exploitation activities in the period October 2023 to December 2023.

UNTR Corporate Secretary Sara K. Loebis, in a written statement Thursday (11/1) said that exploration activities were carried out by PT Agincourt Resources (AR) as the Holder of the Contract of Work for gold and silver minerals. AR is 95% owned by PT United Tractors Tbk (UNTR).

Sara explained that UNTR reported AR exploration activities in the period October 2023 to December 2023 by following the provisions of Exchange regulations with details of the cost of Exploration Activities for the October 2023 period of USD 487,383 or equivalent to IDR 7,757,187,828 and in the November 2023 period of USD 560,849 or equivalent to IDR 8,628,101,016.

Furthermore, the December 2023 period is USD 475,790 or equivalent to IDR 7,334,778,640. Thus, the total cost of Exploration Activities for the period October 2023 to December 2023 is USD 1,524,022 or equivalent to IDR 23,720,067,484.

The exploration activities carried out are in the Sibolga area, North Sumatra and in the period October 2023 to November 2023, AR conducted drilling with details of AR drilling with a total depth level of 4,388 meters and the period November 2023.

Sarah added that AR drilled with a total depth of 4,753 meters and in December 2023, AR drilled with a total depth of 4,211 meters and exploration activities were carried out by AR, assisted by several subcontractors.

Image source: EmitenNews.com

Source: www.emitennews.com/Eksplorasi di Sibolga, United Tractor (UNTR) Habiskan Dana Rp23,7 M

Source: https://emitennews.com/news/eksplorasi-di-sibolga-united-tractor-untr-habiskan-dana-rp237-m

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