La Nina Disrupts Operations at Wilton Resources’ Ciemas Gold Project

Wilton Resources Corporation Limited has released an operational update regarding its Ciemas Gold Project, situated in the Sukabumi Regency, which has been severely impacted by La Nina-induced heavy rainfall. Since early December 2024, the region has experienced flash floods, landslides, power outages, and infrastructure damage, including roads and bridges.

The power outage has rendered the Group’s Processing Facility inoperable due to the lack of electricity, although temporary operations are sustained using back-up fuel generators. However, the damaged roads and bridges have disrupted the delivery of new fuel supplies to the mine site, posing a significant challenge to continuing operations.

The Company has also deployed its heavy mining equipment to assist in emergency efforts in the surrounding areas. Despite these challenges, there has been no reported damage to the infrastructure of the Processing Facility or its supporting infrastructure, and all personnel on the mine site have been accounted for.

According to forecasts from the Meteorology, Climatology and Geophysics Agency of Indonesia, the heavy rainfall is expected to persist until April 2025. Wilton Resources has stated that it will continue to monitor the situation closely and will provide updates on any material developments, including potential financial impacts.

Shareholders and potential investors are urged to exercise caution when dealing with the Company’s securities, keeping in mind the potential financial implications of the ongoing weather conditions. They are advised to consult professional advisors if uncertain about their next steps.

The announcement was reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd., but not examined or approved by the Singapore Exchange Securities Trading Limited.

Disclaimer: This article is based on the company’s official announcement and is intended for informational purposes only. It does not constitute financial advice. Readers are urged to consult financial advisors before making investment decisions.

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