The Indonesian Ministry of Forestry has granted Kalimantan Gold more time to explore its Jelai gold project in north-eastern Kalimantan.

The ministry has granted Kalimantan’s subsidiary PT Jelai Cahaya Minerals an extension to its borrow-and-use exploration forestry permit (IPPKH), until 16 December 2015.

The extension covers all the existing permitted areas, namely the Mewet and ten of 12 other Jelai Gold prospects, which comprises 4,675ha of the 5,000ha.

"The company has drilled more than 35,000m at its KSK copper project, which has the potential to be a world-class deposit."

Kalimantan said it is in negotiations with several mineral firms regarding a potential joint venture or similar options for the project.

The company plans to release an update on its KSK copper project shortly and remains confident of attracting a credible partner.

The company has two exploration projects in Kalimantan; the Jelai epithermal gold project in eastern part and the KSK contract of work in the central area, with several porphyry copper and gold prospects.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Jelai project features low sulphidation epithermal gold-silver mineralisation hosted by the northerly striking and steeply west-dipping Mewet, Sembawang, Lipan and Nyabi vein systems.

The company has drilled more than 35,000m at its KSK copper project, which it says has the potential to be a world-class deposit.

The KSK project has been under joint venture to a subsidiary of Freeport-McMoRan Exploration since April 2011.

The company received the required forestry permit in March 2012 to start drilling, which has been on-going since then.

Energy Technology forum on LinkedIn