Merdeka Copper Gold (IDX:MDKA) is progressing well on its journey to become a multi-mine copper-gold producer in Indonesia. During 2019, the Company achieved a number of significant milestones, including the consolidation of the Pani JV, beating gold production guidance at Tujuh Bukit (TB) and commencing the resource drill-out of the Tujuh Bukit Porphyry Project (TPP). Since listing in 2015, MDKA has established a reputation as a company which delivers on its strategies. This is evidenced by building and expanding the Tujuh Bukit oxide gold mine (TBO) on time and on budget, continually meeting or beating guidance at TBO, and establishing a multi-asset mining house with the acquisitions of the Wetar and Pani projects. BUY recommendation maintained.
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