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Nusantara Resources Ltd

Nusantara Resources advancing towards low-cost gold production at Indonesian project

Nusantara Resources Ltd (ASX:NUS) managing director Mike Spreadborough speaks to Proactive Investors about the gold developer’s Awak Mas Gold Project in Indonesia. 
 
Awak Mas has a 2-million ounce gold resource and a 1.1-million ounce reserve, with a completed definitive feasibility study which details an 11-year life producing 100,000 ounces a year at very low cost.
 
The company has been listed on the ASX for about 18 months and raised $16 million when it floated, the largest gold float in the last five years.

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Price: $0.23

Market: ASX
Market Cap: $38.59 m
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