Vale Indonesia (INCO) is actively pursuing exploration activities, focusing on areas within its Contract of Work. As reported by Filia Alanda, Corporate Secretary of INCO, these explorations are centered around Sorowako Block and Sorowako Outer Area in East Luwu Regency, South Sulawesi, as well as Bahodopi Block in Morowali Regency, Central Sulawesi, and Pomalaa Block in Kolaka Regency, Southeast Sulawesi.
The exploration involves the use of the HQ-3 core drilling method, targeting the increase of resource levels with drilling programs in the Block 1 Pomalaa area and support for mining activities in Anoa Hill (Sorowako West Block). These programs are strategically planned with drilling distances of 100m and 50m.
Vale Indonesia is also conducting geophysical surveys using the geoelectric method (ERT) at Petea B3 Hill (Petea Block) and Pongsesa (Sorowako West Block). The total cost for these activities is estimated at US$598,893.71.
Collaboration with Third PartiesThe exploration efforts are a collaborative initiative between PT Vale Indonesia Tbk and various third parties, including drilling contractors and geophysicists.
The company is currently in the process of calculating resources and reserves using the ordinary krigging method in Sorowako. Plans are in place to continue drilling activities in the Sorowako Block at Liliane and Marlene Hills (Sorowako East Block), as well as collocated drilling on Konde and Harapan Hills (Sorowako West Block). In the Pomalaa Block, drilling activities will persist with distances of 100m and 50m in the Block 1 Pomalaa area.
Geophysical measurements using the geoelectric method (ERT) are set to continue at Pongsesa Hill (Sorowako West Block), aiming to obtain a complete laterite profile.