Nusantara Resources presented an updated Mineral Resource Estimate (MRE) for the Awak Mas Deposit, incorporating the results of close-spaced diamond drilling. A further MRE will be completed for the satellite Salu Bulo Deposit, enabling an Ore Reserve Estimate (ORE) to be updated for the entire Awak Mas Gold Project. The MRE update is based on new, close-spaced diamond drilling data from a campaign carried out from August 2020 to January 2021. Close-spaced drilling is part of Nusantara's de-risking strategy by improving the drilling density and geological understanding in areas that are targeted for first mining production. Most of the areas that have been close-space drilled have been upgraded to Measured at a very high conversion rate, and the average grade of Measured and Indicated category material has increased approximately 4% over the grade of Awak Mas Deposit Indicated material in the 27 April 2020 MRE announcement. This work was part of follow up work to the initial Independent This MRE update has been compiled by Cube Consulting, independent mining consultants who have compiled the previous MRE estimates for Nusantara, based on data from a drilling program designed and executed by Nusantara and collaboratively developed geological interpretations. The key adjustments that have occurred to the MRE between the April 2020 estimate and this update include: A material increase in drilling density (from roughly 50m x 25m previously, to 15m x 15m) and with this sufficient resolution to detect new narrow high grade feeder zones and defining zones of internal waste; High proportional upgrade of these areas to high confidence Measured category; Learnings from the greater data density applied to estimation across the broader Awak Mas MRE, the most significant aspect being a less gradational boundary between waste /lower grade /higher grade areas. Close-spaced drilling is now complete at the satellite Salu Bulo Deposit, and assays are still being received and interpreted after which a MRE update will be completed. The updated MRE for the Awak Mas Gold Project will form the basis for updating Ore Reserves for final mine planning. The basis for this MRE update is close-spaced diamond drilling, which has been completed for two key areas of the Awak Mas Deposit, as well as at the satellite Salu Bulo Deposit where results are still being received and interpreted, to infill the entire Initial Mining Area (IMA) to 15m x 15m drill spacing. The IMA is the material scheduled for the first two years of mining production. In both of the areas that have been close space drilled at Awak Mas, the mineralisation tested is close to the surface and requires little stripping or high wall development, hence is scheduled for early production. Drilling results have been previously released to the market for each of the areas drilled. 78 holes have been drilled for 2,885m in the western-most portion of Awak Mas: The final pit design in this area is shallow and extracted entirely by the IMA; Mineralisation in this area is entirely shallow dipping mineralisation, distribution of which is far better constrained now with close spaced data; Drilling has enabled the delineation of internal waste zones which can be separately domained at a resolution suitable for designing ore dig blocks. A further 54 holes for 3,677m in the south-central portion: The IMA in this area is a starter pit only - the final pit design is deeper and more extensive; Mineralisation in this area features shallow dipping zones which are cross-cut by sub-vertical, narrow, typically higher grade feeder zones which by nature are missed by wide spaced drill holes; Drilling has detected a number of previously un-known high grade feeder zones, as well as delineating internal waste zones which can be separately domained at a resolution suitable for designing ore dig blocks.