Baru Gold Advances Towards Production Approval and Begins Fabrication of Automated Gold Production Plant

Core Viewpoint - Baru Gold Corp is making significant progress towards obtaining approval for production operations and has initiated the fabrication of its automated gold processing plant [1][2][3] Approval for Production Operations - The Indonesian Ministry of Energy and Mineral Resources (ESDM) has requested two additional deliverables before granting approval for production operations, which the company has been addressing through regular communication [2] - The company is optimistic that approval for production operations will be granted soon based on ongoing discussions with ESDM [3] Electrowinning Elution Column Plant - The company is preparing for its first gold pour and is addressing fabrication timelines to minimize delays between the first gold pour and the approval for production operations [4] - The Production Plant is designed as a modular, automated system for rapid and cost-efficient gold recovery, allowing for scalable output increases [5] Fabrication and Installation Timeline - The fabrication of the Production Plant is expected to take approximately two months, followed by one month for transportation and installation on Sangihe Island, totaling around three months from the start of fabrication to installation [7] - Fabrication will take place entirely in Surabaya, Indonesia, supporting local manufacturing and engineering industries [8] Site Preparation and Infrastructure - During the fabrication period, the company is advancing site readiness to ensure immediate construction and installation upon delivery of the Production Plant, with surveyors already mobilized on Sangihe Island [9] - The survey team is finalizing the proposed plant location and supporting infrastructure layout to minimize idle time and support the commissioning schedule [9] Management's Perspective - The Chairman and CEO of Baru Gold expressed confidence in receiving production operations approval and emphasized the importance of using the waiting period productively by advancing site preparation and operational planning [10] Project Overview - The Sangihe Gold Project is located on the Indonesian island of Sangihe, covering approximately 25,000 hectares, with only 10% of the gold-bearing area explored to date [11]