JAKARTA – PT Amman Mineral Internasional Tbk (AMMN) is conducting exploration at Block II Elang in Sumbawa, West Nusa Tenggara (NTB). This is the only block currently being explored among the four blocks managed by the company in Sumbawa.

According to a disclosure on Thursday (10/4), Vemmy Febrianti, Corporate Secretary of AMMN, stated that PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary of AMMN, has disbursed USD 3.59 million for the exploration of Block II during the first quarter of 2025.

The working area in Block II Elang includes Elang Cu-Au, Gerbang Timur Cu-Au, and the Sebu Cu-Au Project. The drilling contractor is PT Mineral Nusa Drillindo (MND).

Following the exploration phase, AMNT plans to conduct infill resource drilling at Elang and exploration drilling at Gerbang Timur using three rigs.

During the same period, the subsidiary has not conducted any exploration at the other three fields: Block I Batu Hijau, Block III Rinti, and Block IV Lampui.

Meanwhile, AMMN shares rose 7.99% to IDR 5,000 per share during the second session as of 16.00 WIB on Thursday (10/4). The stock opened at IDR 4,800, with an intraday high and low of IDR 5,075 and IDR 4,800 respectively. (LK/ZH)