Nusantara Resources provided an update on key geological work programs: close spaced diamond drilling in the Tanjung domain and Induced Polarization (IP) geophysics over near mine areas. Close Spaced drilling is targeting the areas of first mining production to provide additional drill data density to delineate a Measured Resource in early 2021. Tanjung is a geological domain within the main Awak Mas deposit that is major contributor in the early mining schedule. Results include numerous broad intersections (up to 37m) and individual high grades (up to 21.0g/t gold). IP geophysics surveys are being conducted over key target areas that are close to existing resources and expected to provide a third dimension of data to enable exploration targeting in the near mine area prior to mine development. Nusantara has been conducting close spaced infill diamond drilling in parallel with Front End Engineering and Design (FEED) works that will de-risk the Awak Mas Gold Project. Close spaced drilling is intended to provide sufficient drill data density to enable delineation of Measured Resources over areas that are within the Initial Mining Area (IMA), which encompasses the initial years of the mining schedule. The improved resolution of closer spaced data will also define areas of low grade or waste within the existing Resource. The IMA comprises starter pits at Tanjung and Mapacing which are geological domains within the greater Awak Mas deposit, as well as at the Salu Bulo Satellite deposit. All assay results have now been received for the completed Tanjung drilling which comprised 54 holes for 3,677 meters; key results are shown below. Logging and assays of drilling at Tanjung are broadly in line with the existing mineralisation model and confirm the expected mineralisation geometries and grade distribution. Selected results from Tanjung drilling include: 26m @ 3.15g/t Au from 31m (incl 1m @ 10.04g/t from 33m, 5m @ 5.14g/t Au from 37m and 5m @ 5.06g/t Au from 50m). 19m @ 1.26g/t Au from 0m (incl 7m @ 2.76g/t Au from 8m). 18m @ 1.93g/t Au from 42m (incl 5m @ 5.09g/t Au from 54m). 14m @ 4.95g/t Au from 50m (incl 9m @ 7.56g/t Au). 14m @ 2.97g/t Au from 27m (incl 1m @ 21.0g/t Au from 27m, 3m @ 4.65g/t Au from 37m and 3m @ 6.01g/t Au from 45m). 14m @ 2.65g/t Au from 6m (incl 1m @ 18.96g/t Au from 14m). 13m @ 2.5g/t Au from 20m (incl 9m @ 3.45g/t Au from 24m) and 11m @ 2.32g/t Au from 43m (incl 1m @ 15.95g/t Au from 43m). Several high-grade intercepts returned are interpreted to occur within sub-vertical "feeder" structures, of which several new occurrences have been intersected by this drilling program. Similar structures were identified in the close spaced drilling at Rante which were reported on 21 September 2020. Broad ore zones which include some high grades, demonstrate the productive nature of the geology in the Awak Mas system. The total program of close spaced drilling is for approximately 12,300m of diamond drilling, which is now approximately 48% complete. Rante and Tanjung are complete, and drilling is underway at Mapacing (58% complete) and Salu Bulo (14% complete) with seven drill rigs in operation. Close spaced drilling is expected to be complete by late January 2021 with all assay results by early February 2021, providing for a Mineral Resource update by end of February 2021. The drilling program design has been reviewed by Nusantara's external Mineral Resource consultant, Cube Consulting. This program of drilling will also test the potential for grade increases which was highlighted as an opportunity in the 2018 Bankable Feasibility Study. Nusantara recognizes the prospectivity of the Awak Mas Gold Project, with a Contract of Work that covers 143.9km2, featuring numerous scattered occurrences of gold mineralisation, and only shallow drilling that is clustered at the established Resources at Awak Mas, Salu Bulo and Tarra. Historic work has focused on the known areas of mineralisation and the broader license has been poorly explored. The broad scale controls on gold mineralisation at Awak Mas are currently understood to include: The NNW-SSE trending regional scale Kandeapi shear, and secondary structures. Two, circa 5km diameter annulus interpreted from 1990's era airborne magnetics and radiometrics, thought to be intrusive features underling the sedimentary package of host rocks. The Awak Mas - Salu Bulo trend extends over 5km in strike extent, hosts the majority of Mineral Resources estimated at Awak Mas (the Awak Mas and Salu Bulo deposits) and trends East-West between the two annular features to intersect the Kandeapi fault where Salu Bulo occurs. The known Resources occupy around 2km of the strike of this zone, although are based on shallow drilling (averaging <150m drill depth). The full strike extent is considered prospective and has been poorly tested despite the likelihood of geological connectivity between the two delineated zones of mineralisation. There is over 15km of strike of the Kandeapi shear within the Contract of Work, which is prospective along its length for mineralisation either in the hangingwall ophiolite sequence (to the east) or the footwall sediments (to the west). All mineral resources occur within the sediments, which have previously been regarded as the most amenable host for gold mineralisation and prospecting efforts, which have been largely perfunctory, having ignored the ophiolite sequence. IP geophysics is testing for conductivity and resistivity anomalies, which may be hallmarks of silica alteration that is associated with gold mineralisation in the region. Following the successful pilot of IP at Salu Bulo in 2019, these surveys are the first modern geophysics to be conducted on the Contract of Work and are expected to provide a deeper insight to potential new targets in the areas chosen for survey. IP survey areas have been selected to enhance geological interpretations in areas that already feature reasonable data coverage. The areas being surveyed include the Awak Mas - Salu Bulo corridor, the Kandeapi and Salu Kombong prospects which are proximal to the Kandeapi shear and feature existing gold anomalism in surface samples, and the area surrounding an existing Resource of 130koz of gold at Tarra. Data collection is complete for three of the four survey areas, and in progress at Tarra. This work is expected to conclude by end of January 2021, to be followed by approximately four weeks for processing and interpretation. In parallel to IP geophysics, Nusantara is reviewing all historic data that has been gathered by several generations of previous license owners. This includes surface samples, regional airborne radiometric geophysics gathered in the 1990's and drill holes from outside of the Resource areas. The data review combined with results from the IP surveys will form the basis for commencing a target generation program and initiation of a regional exploration program to run in parallel with project development.