The economics of the Awak Mas gold project, in Indonesia, have been significantly improved following an updated to the project’s mineral resource estimate and ore reserve.
ASX-listed Nusantara Resources on Monday revealed that on the back of the increased resource and reserve estimate, the Awak Mas project is now expected to produce 1.5-million ounces over its mine life, up from the 1.1-million ounces estimated in the 2018 definitive feasibility study (DFS).