Paparan PublikPT. J Resources Asia Pasifik Tbk.Jakarta, April 2018

This presentation has been prepared by the management of PT J Resources Asia Pasifik Tbk (the “Company”) for information purposes. By accepting this presentation, the recipient of this presentation (the “Recipient”) acknowledges and agrees that all of the information contained in this presentation is confidential.

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This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its respective Associates in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

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This presentation contains statements that constitute forward-looking statements. Any statements set forth herein that are not historical facts are forward-looking statements. These statements include, among others, descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. In some cases, these statements can be recognized by the use of words such as “may,” “should,” “expects,” “believe,” “anticipate” “plans,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. Except as required under applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, different circumstances or otherwise.

This presentation is not an offer of securities for sale in the United States. Any securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

This presentation will not be distributed or passed on in the Republic of Indonesia or to Indonesian citizen, nationals, corporations or residents and the securities referred to herein will not be offered or sold in the Republic of Indonesia or to Indonesian citizen, nationals, corporations or residents, in each case, in a manner, which constitutes a public offering of the securities under the Law of the Republic of Indonesia No. 8 of 1995 on Capital Markets and its implementing regulations.

Disclaimer

2

Corporate Structure and Assets

Notes:1. Jimmy Budiarto.2. PT J Resources Asia Pasifik Tbk (formerly known as PT Pelita Sejahtera Abadi Tbk).3. PT J Resources Nusantara (formerly known as PT Bara Kutai Energi).4. PT J Resources Bolaang Mongondow (formerly known as PT Avocet Bolaang Mongondow).5. PT J Resources Mining Services Indonesia (formerly known as PT Avocet Mining Services).

6. J Resources Netherland B.V. (formerly known as Avocet B.V.).7. J Resources Gold (UK) Limited (formerly known as Avocet Gold Limited).8. J&P Resources Gold OHQ (Malaysia) SDN. BHD. (formerly known as Avocet Mining (Malaysia) OHQ SDN. BHD.).9. PT. Lebong Tandai.

Jimmy Budiarto

PT J RESOURCES NUSANTARA3

99.99%0.01%

Public Jimmy Budiarto1

PT J Resources Asia Pasifik Tbk2

7.50% 92.50%

J&P Resources Gold OHQ (Malaysia)

SDN. BHD.8J Resources

Netherland B.V.6PT J Resources Mining Services

Indonesia5

PT J Resources Bolaang Mongondow4

PT Sago Prima Pratama PT Arafura Surya Alam PT Gorontalo

Sejahtera Mining

J Resources Gold (UK) Limited7

Specific Resources SDN. BHD

Penjom Mine Bulagidun Discovery

100.00% 99.90%99.50%100.00% 99.80% 80.00% 99.80%

20.00%

100.00%

100.00%

COW IUP IUP COW

Minority9

Source: Public Company Data. Producing Mine Development Stage Exploration Stage

BakanMine Seruyung Mine Doup

Deposit Pani Deposit

North LanutMine

Bolangitang Discovery

3

Successful Growth Story

Source: Public Company Data,

2015 – SUSTAINABILITY YEAR Seruyung & Bakan achieve signatory

status to the ICMI Code in January 2015

Received ISO:14001 for all 4 producing mines in May 2015

Annual gold output 245Koz Obtained syndication loan of

US$208.5m on Feb’16 to develop existing 4 mines and additional 4 mines (Pani, Bolangitang, Bulagidun and Doup)

Jun 2011 – CONSOLIDATION YEAR Contract mining company Acquired the gold portfolio of Avocet Mining mid-

year in Indonesia & Malaysia Inherited two producing assets with a combined

annual production of 100 Koz. *note from the Seller: North Lanut only last 1 year

Indonesian licenses were close to expiry

2014 – PRODUCTION YEAR Bakan & Seruyung commenced commercial

production 2014 production of 223 Koz from 4 mines

(Seruyung, Bakan, North Lanut & Penjom) New experienced Geologist and Metallurgist

team was on boarded

2012 – ESTABLISHMENT YEAR Listed on IDX in January 2012 Added more than 1 Moz of gold in

new resources with a major drilling campaign

Completed feasibility and environmental studies for Bakan and Seruyung

2013 – DEVELOPMENT YEAR Obtained syndication loan of

US$275m for Bakan & Seruyung mines

Fast-tracked development of Bakan & Seruyung assets into production stage in one year

J Resources becomes a signatory to the International Cyanide Management Institute (ICMI) Code

6½ yearsOre Reserves = 493 Koz AuMineral Resources = 3,200 Koz AuJun 2011 Ore Reserves = 4,025 Koz Au

Mineral Resources = 8,831 Koz AuDec-2017

2012

2013

2011

20142015 2016

2016 – PERSEVERANCE YEAR Exploration expands the resource inventory by another 1Moz to 7Moz Exploration delivers a 50% increase in resource to reserve conversion from

2Moz to 3Moz Reaches total of 878koz of gold produced since its inception in mid-2011

4

2017

2017 – DETERMINATION YEAR Company reaches 4.0Moz of gold

reserves and 8.8Moz or resources Company achieves the milestone in

Oct-17 of 1 million ounces of gold produced since mid-2011.

Exploration increases Doup reserves by 50% to 1.85Moz and resources by 37% to 3.045Moz.

Exploration at Pani doubles reserves to 735Koz and resources to 2.06Moz.

Legend:

Diversified Mine Portfolio

Jakarta Office

KL OfficeManado Office

Malaysia

Indonesia

The Company has a geographically diverse portfolio of assets across Malaysia and Indonesia

DOUP (99.5% owned1)• Development stage• Reserve: 1,850koz• Resource: 3,045koz• Ex-Placer-Dome and

BHP asset

PANI (99.9% owned1)• Development stage• Reserve: 735koz2

• Resource: 2.063koz2

• Ex-BHP asset

BOLANGITANG (99.9% owned1)• Exploration stage• Gold & silver• Ex-BHP asset

BULAGIDUN (99.9% owned1)• Exploration stage• Copper & gold• Ex-BHP asset

PENJOM (100% Owned1)• Producing since 1996 • Contract expiration: 2025• Reserve: 538koz• Resource: 1,515koz• Processing: Resin-in-Leach

NORTH LANUT (80% Owned1)• Producing since 2004 • Contract expiration: 2034• Reserve: 157koz• Resource: 452koz• Processing: Dynamic Heap Leach• Ex-Newmont asset

BAKAN (80% Owned1)• Producing since Dec-2013• Contract expiration: 2034• Reserve: 524koz• Resource: 1,355koz• Processing: Dynamic Heap Leach• Ex-Newmont asset

Source: Public Company Data, Notes: 1. % owned by PT J Resources Nusantara.

2. As of December 2017

Producing assets

Exploration assetsProperties

Development assets

Offices

SERUYUNG (99.8% Owned1)• Producing since 2014• Contract expiration: 2033 • Reserve: 220koz• Resource: 401koz• Processing: Dynamic Heap Leach• Ex-Indochina (Ivanhoe) asset

5

Proven Reserve and Resource Growth Track Record

Source: Company.

Post mine Avocet acquisition, the rate of Reserves replenishment has been over 3x times higher than the rate of its annual production, resulting an significant Reserves increase of +39.8% CAGR from Jun-11 to 2016

Continuous Production Growth…(koz)

Exceeded by Reserve Growth…(koz)

6

493 (50) (101) (67) (223) (245) (192) (174)

4,025

(700)

(200)

300

800

1,300

1,800

2,300

2,800

3,300

3,800

Jun-11 Dec-11 2012A 2013A 2014A 2015A 2016A 2017A 2017A

493893 929

1,2041,815 1,968

3,127

4,025

Jun-11 Dec-11 2012A 2013A 2014A 2015A 2016A 2017A

Proven Reserve and Resource Growth Track Record (Cont’d)

Source: Company.

Resources replenishment have been consistently done in a prudent and cost effective manner and critical foundation for the Company’s long-term Reserves growth

Resources Continue to Grow…(koz)

7

3,200 3,087 3,940 4,132

5,148 5,915

7,020

8,831

Jun-11 Dec-11 2012A 2013A 2014A 2015A 2016A 2017A

… while Improving Resource Discovery Cost(koz, US$/oz)

953

257

1,238 1,012

1,339

2,048

27.1

53.9

18.310.1 11.7 11.0

2012A 2013A 2014A 2015A 2016A 2017A

Additional Resource (koz) Resource Discovery Cost (US$ / oz)

Doup Resources & Reserves Growth

8

996

1,394 1,369 1,369

1,821

2,222

3,045

-

1,234

1,850

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17

Doup Resources & Reserves Growth

Resources (Koz) Reserves (Koz)

Pani Resources & Reserves Growth

9

-

198

377 379 379

971

2,063

-126

207

735

-

500

1,000

1,500

2,000

2,500

Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17

Pani Resources & Reserves Growth

Resources (Koz) Reserves (Koz)

Resource & Reserve Growth

10

Jun-11 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17RESOURCE 3199 3087 3937 4130 5144 5915 7020 8831RESERVE 493 893 929 1204 1815 1968 3127 4025

3199 3087

3937 4130

5144

5915

7020

8831

493893 929

1204

1815 1968

3127

4025

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

TOTAL

Experienced Management with Proven Track Record

Source: Company.

Jimmy BudiartoPresident Director

17 years of industry experience Co-founder - J&Partners (2010-present) President Director - PT Bukit Makmur Istindo Nikeltama (2010-2013) Director - PT Bukit Makmur Widya (2009-2012) Vice President Director - PT Bukit Makmur Mandiri Utama

(2004-2007) Budikwanto KuesarDirector

42 years of industry experience President Director - PT Bukit Makmur Mandiri Utama (2009–2012) Director - PT Bukit Makmur Mandiri Utama (2001-2009) Business Operation Director - PT Pamapersada Nusantara (1992 -2001) Early career with PT United Tractors Tbk.

Prof. M. Daud Silalahi, SHIndependent Commissioner

Over 33 years of business experience Environmental Advisor - PT Prasadha Pamunah Limbah (2008-present) Environmental Advisor - PT Meares Soputan Mining (2006-present) Environmental Legal Specialist - PT Freeport Indonesia (2005-present) Chairman – Indonesian Environmental Law Dev. Assoc. (1984-present)

Colin J. DaviesIndependent Director

35 years of industry experience Chief Executive - Arsari Resources Group (2011) President Director - Laing O’Rourke Indonesia (2009-2010) GM, Strategic Planning - Leighton Contractors Indonesia (2005-2008) Early career with Anglo American, BP Minerals, Pelsart & Austindo Group

Over 36 years of business experience Commissioner - PT Berau Coal (2006-2009) President Director - PT Berau Coal (2005-2006) Deputy President Director - PT Berau Coal (2004-2005) Chief Financial Officer - PT Bukit Makmur Mandiri Utama (2000-2009)

Christian Wijayanto A. J.President Commissioner

William SurnataDirector

31 years of industry experience Finance Director - PT Bukit Makmur Mandiri Utama (2004–2010) Deputy of Commercial Banking Head - PT. Bank Danamon Tbk (2003-2004) Commercial Banking Head (Jabotabek & West Java) - PT Bank Universal

Tbk. (1996-2003) Consumer Banking Deputy District Manager (Jabotabek) - PT Bank Bali

Tbk. (1986-1996)

Adi MaryonoVice President Exploration

Over 28 years of business experience VP, Business Development at Buena Group (2012-2013) General Manager Operations at Intrepid Mines (2010-2011) Exploration Manager SE Asia - Newmont Asia Pacific (1999-2010) Project Manager BHP Minerals (BHP Billiton, 1990-1999)

Edi PermadiDirector

20 years of industry experience Director - External Relations - INCO (2006-2011) Manager – Employee & Industrial - INCO (2005-2006) Manager - Human Resources & Business Systems - INCO (2004-2005) Early career with PT International Nickel (INCO)

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