Nusantara Resources
Nusantara Resources Limited is an ASX-listed Australian gold mining developer advancing the 100%-owned Awak Mas Gold Project in Sulawesi, Indonesia, a 14,390-hectare Contract of Work concession containing a 2.0Moz gold resource, currently in pre-production construction.
- Company typePrivate
- Founded2011
- HeadquartersMelbourne, Australia
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nusantara Resources does
Nusantara Resources Limited is an Australia-domiciled, ASX-listed (ticker NUS) gold mining and exploration company founded in 2011. The company operates a single asset: the Awak Mas Gold Project, located in Sulawesi, Indonesia, which it holds under a 100%-owned Contract of Work (COW) with the Indonesian Government. The project covers 14,390 hectares and contains a defined 2.0 million-ounce gold Resource, with an additional 0.3-0.5Moz Exploration Target on extensions of known deposits. The company is headquartered in Melbourne, with a registered office in South Melbourne, and employs between 101 and 250 staff.
The company's core product is the Awak Mas Gold Project itself rather than a technology platform. Nusantara's business model is to advance the greenfield project from exploration through development to gold production, after which revenue would be generated through the extraction and sale of gold to commodity buyers, refiners, and traders via standard global gold market mechanisms. The company has no consumer-facing pricing, no SaaS offering, and no software distribution. Marketing and distribution are limited to investor-relations channels — corporate LinkedIn, Twitter, and an email mailing list — appropriate for a publicly listed pre-production developer communicating with shareholders.
As of the most recent available information, Nusantara has not yet commenced gold production. The corporate website describes the project as 'Under Construction Until Further Notice,' and the only disclosed capital event is an $11 million funding round in December 2019. With no active revenue, the company is sustained by equity capital while it seeks to progress development. The combination of a stalled construction status, a single-asset concentration, and an undeveloped offtake or production profile makes Nusantara a high-execution-risk, pre-revenue mining developer whose investment case rests on the eventual restart and successful commissioning of the Awak Mas mine.
Nusantara Resources firmographics
Firmographics- Name
- Nusantara Resources
- Legal name
- Nusantara Resources Limited
- Website
- https://nusantararesources.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nusantara Resources Limited is an ASX-listed Australian gold mining developer advancing the 100%-owned Awak Mas Gold Project in Sulawesi, Indonesia, a 14,390-hectare Contract of Work concession containing a 2.0Moz gold resource, currently in pre-production construction.
- Ownership category
- akta.pro rank
Nusantara Resources industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Nusantara Resources is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Nusantara Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Gold Production: The company is developing the Awak Mas Gold Project in Sulawesi, Indonesia, a 100%-owned Contract of Work with the Indonesian Government. The project contains a 2.0 million-ounce gold Resource plus a further 0.3-0.5Moz Exploration Target on extensions of known deposits. Revenue will be generated through gold extraction and sale upon commencement of production. Currently under construction with no active revenue.
Marketing channels3 records
Nusantara Resources product offering
Product offeringCore offering
Nusantara Resources Limited is engaged in the exploration, evaluation, and development of gold resources at its flagship Awak Mas Gold Project in Sulawesi, Indonesia. The project is a 100%-owned Contract of Work (COW) with the Indonesian Government covering 14,390 hectares, containing a 2.0 million-ounce gold Resource plus a further 0.3-0.5Moz Exploration Target. The project is currently under construction with future revenue expected from gold extraction and sale once production commences.
Product overview
Nusantara Resources Limited is a mining and resources company that operates the Awak Mas Gold Project, a single-asset gold mining operation in Indonesia. The company does not offer a technology product platform or modular SaaS offering; its business is focused on gold exploration and development. The Awak Mas Gold Project represents the company's sole project and primary business activity.
Differentiator
Problem solved
Functional benefit
Products and services
- Awak Mas Gold Project
Companies that use Nusantara Resources
Customer profileSegments1 record
Ideal customer profiles1 record
Nusantara Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Nusantara Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Indonesian Governmentcore100%-owned Contract of Work (COW) agreement with the Indonesian Government covering the Awak Mas Gold Project. This is a formal ownership and operational agreement that grants the company rights to explore and develop the 14,390-hectare project area in Sulawesi, Indonesia. The COW is a form of ownership specific to Indonesian mining regulations.
Scale indicators4 records
Recent moves5 records
Expansion highlights3 records
Nusantara Resources competitors and assessment
Company assessmentDirect peers
- Finders Resources (EMR Capital portfolio): Was an ASX-listed Indonesian gold/copper developer (Wetar copper-gold project, previously ASX:FND) until taken private by EMR Capital. Closely comparable single-asset Indonesian miner with the same operational context as Awak Mas.
- Sihayo Gold: ASX-listed junior gold developer (ASX:SIH) focused on the Hutabargot Julu gold project in Sumatra, Indonesia. Highly comparable single-asset Indonesian gold explorer/developer with similar development-stage risk profile.
- Besra Gold: Gold developer focused on the Bau project in East Malaysia/Sarawak, with historical Indonesian exposure. Single-asset gold developer with comparable development-stage profile and Southeast Asian jurisdictional exposure.
- Kingsrose Mining: ASX-listed gold producer (ASX:KRM) with the Way Linggo mine in Sumatra, Indonesia. Direct Indonesian gold miner peer with similar jurisdictional risk and small-mid cap scale.
Regional players
- Cokal Limited: ASX-listed developer (ASX:CKA) with coal and metallic mineral interests in Kalimantan, Indonesia. Comparable as a small-cap ASX-listed resource developer with concentrated Indonesian operational exposure.
- Indika Energy: Indonesian-listed diversified energy and resources group (IDX:INDY) with mining interests including gold exposure through subsidiaries. Comparable as a regional Indonesian resources group operating in the same regulatory environment.
- PT Aneka Tambang (Antam): Indonesian state-linked diversified miner (IDX:ANTM) producing gold, nickel, and bauxite. Comparable as a large-scale Indonesian gold producer with similar jurisdictional and regulatory exposure.
- PT Merdeka Copper Gold: Indonesian gold and copper producer (IDX:MDKA) operating the Tujuh Bukit gold mine and Wetar copper mine in Indonesia. Regional Indonesian gold peer with both producing assets and development pipeline, illustrating the regional landscape Nusantara operates in.
Emerging players
- Argonaut Resources NL: ASX-listed (ASX:ARE) junior with gold/copper exploration interests in Australia and Southeast Asia. Comparable as a small-cap Australian-listed emerging metals developer with regional overlap.
- Pan Asia Metals: ASX-listed (ASX:PAM) critical minerals/lithium developer with projects in Thailand and Southeast Asia. Comparable as an ASX-listed emerging metals developer with Southeast Asian operational footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Nusantara Resources social profiles
Digital presenceNusantara Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nusantara Resources leadership team
Management profileNumber of profiles
Nusantara Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nusantara Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nusantara Resources
What does Nusantara Resources do?
Nusantara Resources Limited is engaged in the exploration, evaluation, and development of gold resources at its flagship Awak Mas Gold Project in Sulawesi, Indonesia. The project is a 100%-owned Contract of Work (COW) with the Indonesian Government covering 14,390 hectares, containing a 2.0 million-ounce gold Resource plus a further 0.3-0.5Moz Exploration Target. The project is currently under construction with future revenue expected from gold extraction and sale once production commences.
Is Nusantara Resources a public or private company?
Nusantara Resources is a private company. It is classified as public and is currently operating.
When was Nusantara Resources founded?
Nusantara Resources was founded in 2011. It employs 101 to 250 people.
Where is Nusantara Resources based?
Nusantara Resources is headquartered in Melbourne, Australia, in the Oceania region.
How does Nusantara Resources make money?
One revenue line is on record: gold Production.
Who are Nusantara Resources's main competitors?
Direct peers on record are Finders Resources (EMR Capital portfolio), Sihayo Gold, Besra Gold and Kingsrose Mining. Regional players are Cokal Limited, Indika Energy, PT Aneka Tambang (Antam) and PT Merdeka Copper Gold. Emerging players are Argonaut Resources NL and Pan Asia Metals.
Does Nusantara Resources have an API?
No public API is recorded for Nusantara Resources.
What industry is Nusantara Resources in?
Nusantara Resources's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.