Baru Gold awards contract to assemble Indonesian plant

Executive Summary

• Baru Gold has awarded a contract to an Indonesian engineering firm to design and construct an automated electrowinning elution column plant for the Sangihe gold project.
• The modular plant is sized for an initial 1,500 oz of gold per month with scalability to 3,000 oz/month, supporting rapid ramp‑up once production approvals are received.
• The locally manufactured system costs only a few hundred thousand dollars and can be commissioned within several months, preserving capital while positioning the company for near‑term gold output.

Key Details

• Competitive bid and tender process completed; contract awarded to a leading Indonesian EPC contractor for design, assembly, and local manufacturing of the electrowinning plant.
• Plant technology: electrowinning elution column system that automates gold recovery from leach solutions, offering high recovery rates, low reagent use, and reduced environmental impact.
• Estimated capital cost: “only a few hundred thousand dollars,” markedly lower than conventional processing facilities.
• Construction timeline: expected to be fully operational within several months after contract execution.
• Initial production capacity: 1,500 oz of gold per month; design allows doubling to 3,000 oz/month through modular expansion.
• Modular and expandable footprint enables multiple plants across the mining area for step‑wise scaling aligned with ore extraction rates.
• Local supply chain benefits: manufacturing in Indonesia shortens delivery times, supports local economy, and reduces logistics costs.
• COO Sri Darmawan (30+ years gold mining experience) led the selection of the cost‑effective solution.
• CEO Terrence Filbert emphasized that the company is using the approval waiting period to lay groundwork for rapid production start‑up while conserving capital.

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.” – Terrence Filbert, CEO, Baru Gold Corp.