ANNUAL REPORT‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ FOR THE YEAR ENDED 31 DECEMBER 2016

SUMATRA COPPER & GOLD PLC | LEVEL 1, 5 ORD STREET, WEST PERTH WA 6005, AUSTRALIA ABN 14 136 694 267‌‌

REGISTERED IN ENGLAND AND WALES | 39 PARKSIDE, CAMBRIDGE CB1 1PN UNITED KINGDOM REGISTRATION NUMBER 5777015

Corporate Directory

DIRECTORS

Stephen Daniel Robinson (Non-Executive Chairman) David Fowler (Managing Director)

Adi Adriansyah Sjoekri (Executive Director)

Jocelyn Severyn de Warrenne Waller (Non-Executive Director) Gavin Arnold Caudle (Non-Executive Director)

Andrew Robb (Non-Executive Director)

COMPANY SECRETARY

Susan Hunter

REGISTERED OFFICE

39 Parkside Cambridge CB1 1PN United Kingdom

AUSTRALIAN OFFICE

Level 1, 5 Ord Street West Perth WA 6005 Australia

Phone: +61 8 6298 6200

BANKERS

HSBC Bank plc 69 Pall Mall

London SW17 5EY United Kingdom

National Australia Bank 1238 Hay Street

West Perth WA 6005 Australia

CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS

BDO LLP

55 Baker Street London W1U 7EU United Kingdom

SHARE REGISTRY

Computershare Investor Services Pty Limited Level 2, 45 St George's Terrace

PERTH WA 6000

Phone: 1300 552 270 (within Australia)

Phone: +61 3 9415 4000 (outside Australia)

WEBSITE

www.sumatracoppergold.com

STOCK EXCHANGE LISTING

Australian Securities Exchange Share code: SUM

Contents

Highlights

1

Chairman's Statement

2

Review of Operations

3

Review of Exploration

11

Strategic Report

19

Directors' Report

25

Independent Auditor's Report

28

Consolidated Statement of Comprehensive Income

35

Consolidated Statement of Financial Position

36

Consolidated Statement of Changes in Equity

37

Consolidated Statement of Cash Flows

38

Notes to the Consolidated Financial Statements

39

Parent Financial Statements and Notes to the Financial Statements

70

Additional ASX Information

87

Highlights

Sumatra Copper & Gold plc (ASX: SUM), an Indonesian gold and silver mining company, had a successful year with the first full year of production achieved from its flagship Tembang gold-silver mine. The Company also has significant potential for organic growth through exploration and development.

Highlights for the calendar year 2016 were:

  • Production of 25,245 ounces of gold and 392,417 ounces of silver for 30,509 gold equivalent ounces

  • Development of the Tembang Exploration Target Pipeline

  • Refinance of senior secured debt facility

Our Vision

Siswa berkunjung - master fakultas pertambangan

(Student visit - master faculty of mining)

To be the best mid-tier gold producer in Indonesia in terms of value creation for shareholders, employees and the communities in which we operate.

Our Mission

As a Company and team, we are dedicated to the exploration and development of sustainable mineral projects. We aim to grow our business to create value for stakeholders involved with the Company.

We continually challenge the way in which we operate through the implementation of best practices in everything we do. We are committed to improving efficiencies to maintain and reduce our operating costs.

We invest in the development of our employees to achieve our objectives.

We seek to explore, develop and operate our projects safely with minimal impact on the environment.

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Sumatra Copper & Gold plc published this content on 02 May 2017 and is solely responsible for the information contained herein.
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