PT Golden energy mines Tbk (GEMS) has released its monthly exploration activity report for January 2026. The mining company disbursed more than IDR 31.4 billion through its subsidiaries. The main focus of exploration was in South Kalimantan and South Sumatra.In a press release in Jakarta yesterday, GEMS’ subsidiary PT Borneo Indobara (BIB) was cited as the largest contributor of activity. The company conducted drilling in the North Girimulya area. Total costs reached IDR 30.3 billion. The work was carried out directly by BIB’s Survey, Geotech & Exploration (SGE) Department.BIB used pre-production testing methods with open-hole and part-coring techniques. By the end of the reporting period, 37 drill holes had been completed. Management plans to continue pre-production exploration drilling in the North Girimulya and Lower Kusan areas.Cumulatively in Q4 2025, BIB recorded total drilling depth of 5,578.25 meters. BIB’s realized drilling costs were more efficient than the initial budget. The company had initially projected IDR 43.021 billion for the project.In addition to BIB, PT Barasentosa Lestari (BSL) also reported active exploration. Activities were centered in the Muara Lakitan Block involving BSL’s Exploration Team and PT ICE. The project incurred total costs of IDR 1.2 billion.BSL applied open-hole, part-coring, and full-coring drilling methods. The field team completed 15 drill holes with a total depth of 1,542.50 meters. The company’s follow-up plan includes continued drilling in the Muara Lakitan Block area.Meanwhile, several GEMS subsidiaries reported no exploration activity. PT Kuansing Inti Makmur (KIM) and its subsidiaries had no programs in the KIM Block. The same applied to PT Trisula Kencana Sakti (TKS).Two other entities, PT Berkat Satria Abadi (BSA) and PT Wahana Rimba Lestari (WRL), also carried out no exploration during the period. All reports have been submitted to the Board of Directors of the Indonesia Stock Exchange as part of disclosure compliance.GEMS Corporate Secretary Sudin SH stated that the report was prepared based on accurate operational data within the company. All documents underwent internal verification. “This document is an official Golden energy mines Tbk document and does not require a signature because it is generated electronically by the electronic reporting system,” said Sudin SH.Management guarantees the accuracy of all material published to shareholders. The company remains committed to transparency regarding exploration performance. “Golden energy mines Tbk takes full responsibility for the information contained in this document,” he emphasized.
Source https://djakarta-miningclub.com