Sorowako Outer Area — nickel project

Sorowako Outer Area (SOA) project-stage and supporting nickel laterite areas surrounding the main Sorowako operations within the 70,566 ha Sorowako Block, South Sulawesi. Sub-areas include the Sorowako-feeding deposits Larona, Tanamerah, Lantoa (Measured/Indicated with mining dilution applied) and the project-stage areas Lemo-lemo, Loeha, Lingkona (reported undiluted). Saprolite Probable reserves of 10.34 Mt @ 1.78% Ni recognised for the first reserve disclosure on SOA at end-2025; no limonite reserves yet. The Tanamalia preparation project is under capital spend (US$14.0 m, 32% complete, target 2031) as the next-generation mining execution beyond Sorlim.