Baru Gold Advances Production Readiness -- Designs, Prepares for Construction of Automated Gold Production Plant

Executive Summary

• Baru Gold announced the award of a competitive bid for the design and construction of an Electrowinning Elution Column Plant to support production at the Sangihe Gold Project.
• The plant will be built locally in Indonesia, with an initial capacity of 1,500 oz of gold per month and scalability up to 3,000 oz per month.
• The project advances the company’s transition to production while awaiting final regulatory approvals, demonstrating progress toward rapid commercial output.

Key Details

• Contract Award: Indonesian engineering & construction firm selected to design, assemble, and locally manufacture the Electrowinning Elution Column Plant.
• Technology Overview: Automated gold recovery via resin adsorption, elution, and electrowinning; low‑cost (few hundred thousand dollars) and rapid commissioning within several months.
• Capacity: Initial output of 1,500 oz Au/month; modular design allows doubling to 3,000 oz Au/month.
• Scalability Features: Modular growth, expandable footprint for multiple plants across the mining area, enabling step‑wise capacity expansion aligned with ore extraction rates.
• Cost & Efficiency Benefits: Reduced upfront capital expenditures, lower operating expenses by eliminating reagent costs, and environmentally friendly reduced chemical waste.
• Leadership: Project led by COO Sri Darmawan (30+ years gold mining experience in North Sulawesi). CEO Terry Filbert highlighted progress and capital conservation while awaiting production approvals.
• Project Context: Sangihe Gold Project covers ~25,000 ha; NI 43‑101 resource estimate for a 65‑ha initial production zone; only 10% of the gold‑bearing area explored to date.
• Tenement Ownership: Baru holds 70% interest in PT. Tambang Mas Sangihe (TMS); remaining 30% held by Indonesian partners; 30‑year CoW term upon production start.
• Regulatory Status: Environmental permit secured; all Indonesian government requirements met.

Notable Quotes

“We are making excellent progress as we prepare for the transition to production operations… I am preparing for operational readiness while conserving capital, ensuring that once the necessary approvals are granted, the Company can commence gold production without delay.” – Terry Filbert, Chairman & CEO, Baru Gold Corp.