Wilton Resources Corporation Limited: Detailed Update on Exploration Activities for Fourth Quarter Ended 31 December 2025

Key Points from the Report

• No Exploration Activities in 4Q2025: The Group, through its Indonesian subsidiary PT Wilton Makmur Indonesia Tbk (PT WMI), reported that no exploration activities were conducted during the fourth quarter ended 31 December 2025.
• Compliance with Listing Regulations: The announcement was made to comply with the Indonesia Stock Exchange (IDX) Regulation No. I-E, which requires timely disclosure of exploration activities.
• Previous Exploration Status: Six gold prospects at the Ciemas Gold Project—Cikadu (CKD), Sekolah (SEK), Cibatu (CBT), Pasir Manggu (PSM), Cibak (CBK), and Cipancar (CPR)—have already completed exploration. These prospects were last reported in the Independent Qualified Person Report (IQPR) in September 2018, prepared by SRK Consulting China Ltd.
• Forthcoming Disclosure: Wilton Resources will make further disclosures regarding exploration, development, and/or production activities at the Ciemas Gold Project as required by the Singapore Exchange (SGX) Catalist rules on or before 1 March 2026.
• Board Oversight and Sponsor Review: The announcement was made with the approval of the Board, led by Chairman and President Wijaya Lawrence, and reviewed by the company’s sponsor, ZICO Capital Pte. Ltd.

Important Information for Shareholders

• No New Exploration Progress: The lack of new exploration activities in 4Q2025 may be material to investors, as it signals a pause in expanding resource definition or adding new reserves at the Ciemas Gold Project. This could influence investor sentiment regarding the company’s near-term growth prospects.
• Ongoing Regulatory Compliance: PT WMI’s commitment to regulatory compliance and transparent reporting is maintained. However, shareholders should note that the most recent independent resource report (IQPR) dates back to September 2018, with no updates on potential resource growth since then.
• Potential Impact on Share Price: The absence of new exploration results or drilling activities may impact share price expectations, especially for investors focused on exploration-driven value creation. On the other hand, consistent regulatory compliance and stable operations may be viewed positively in terms of corporate governance.
• Forthcoming Updates: Investors should watch for upcoming disclosures, particularly before 1 March 2026, which may include updates on development or production that could materially impact the company’s valuation.

Detailed Report Overview

Wilton Resources Corporation Limited, via its Indonesian-listed subsidiary PT Wilton Makmur Indonesia Tbk, issued an official notice to shareholders and the Indonesia Stock Exchange stating that there were no exploration activities during the fourth quarter of 2025 at the Ciemas Gold Project in Sukabumi Regency, West Java.

Historically, the company has focused on six key gold prospects in the region—Cikadu, Sekolah, Cibatu, Pasir Manggu, Cibak, and Cipancar. Extensive exploration at these prospects was concluded prior to September 2018, with resource estimates and technical assessments independently confirmed by SRK Consulting China Ltd in the IQPR. Since then, there has been no new exploration activity reported by the company.

This update, though reflecting a period of operational pause in exploration, underlines Wilton Resources’ adherence to regulatory standards both in Indonesia and Singapore. The Board has affirmed the accuracy and reasonableness of the information released, and the sponsor, ZICO Capital, has reviewed the announcement.

Importantly, Wilton Resources has committed to making additional disclosures regarding any future exploration, development, or production activities at the Ciemas Gold Project, in accordance with SGX Catalist rules, with a deadline of 1 March 2026 for the next update.

Conclusion

For investors, the absence of exploration activities in the most recent quarter means there is currently no new drilling or resource expansion to potentially drive share price appreciation. Those seeking near-term catalysts from exploration results may need to await future updates or a change in exploration strategy. Nonetheless, the company’s consistent regulatory reporting and operational stability may provide confidence to shareholders prioritizing governance and transparency.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult their financial advisors before making any investment decisions. The company’s future performance and share price may be affected by factors not discussed in this article.

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