PT Bumi Resources Minerals Tbk (BRMS) reported the findings from a field visit and the gold potential of Citra Palu Minerals (CPM) in Sulawesi. BUMI’s Independent Director and Corporate Secretary, Dileep Srivastava, stated that CPM is the company’s only active mine.

“At the end of July, we visited Citra Palu Minerals (CPM) in Sulawesi, which is currently the only active gold mine of BRMS,” he said on Wednesday (6/11).

The project in this area is a key asset with significant volumes and gold grades. BRMS holds five significant assets covering resources, including 11.04 Moz of gold, 57.7 Moz of silver, 1.9 Mt of copper, 2.5 Mt of zinc, and 1.5 Mt of lead.

According to Srivastava, the company highlighted key assets from the visit, with CPM standing out as one of the highest-value resource contributors in the industry.

Additionally, the Gorontalo Minerals project also holds gold reserves with strong potential for future copper development.

On the other hand, BRMS has secured financing for four gold plants with a capacity of 10,500 tons per day, producing up to 100koz of gold annually. Currently, two plants are operational with a production capacity of 4,500 tons per day.

“Production volume for 6M24 has reached 27 koz, surpassing FY23,” he stated.

The company plans to continue increasing production until 2028, with modern and sustainable plant operations. CPM will employ Carbon-in-Leach (CIL) and Heap Leach technologies. The higher ore grade at CPM enables the use of CIL technology.

“CPM uses filter press technology to dry tailings, which are then stored in a 10-hectare facility, with plans to expand to 25 hectares for this specialized waste management area. This process recycles 20% of the water, which is reused for consumption,” he explained.