Baru Gold Corp Advances Toward Production Approval and Begins Gold Processing Plant Fabrication
VANCOUVER, B.C. — March 2, 2026 — Leads & Copy — Baru Gold Corp (BARU: TSX.V | BARUF: OTCQB), along with its Indonesian subsidiary PT Tambang Mas Sangihe (TMS), has announced significant progress toward securing approval to begin production operations. The company also announced the start of fabrication for its automated gold processing plant.
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) previously requested two additional deliverables before issuing approval for Production Operations in November. The company and ESDM have been in regular contact over the past several months to address these items. The company anticipates that Approval for Production Operations is forthcoming.
The company is planning for its first gold pour.
To minimize potential delays between the first gold pour and Approval for Production Operations, management plans to begin fabricating the Electrowinning Elution Column Plant (Production Plant).
The Production Plant was designed as a modular, automated system to support rapid and cost-efficient gold recovery, as announced on September 30, 2025. Its modular design allows for scalable increases in output as additional processing modules are deployed.
Detailed engineering schematics and design documents are now complete. All parties have agreed to fabrication schedules, logistics, timelines, commissioning requirements, and budgets for the construction and installation of the Production Plant.
The Production Plant is expected to take approximately three months from the start of fabrication to installation. Fabrication will take two months, followed by one month for transport and installation on Sangihe Island.
Fabrication will be carried out entirely within Surabaya, Indonesia.
During the fabrication period, the company will prepare the site to ensure construction and installation can begin immediately upon delivery of the Production Plant. Surveyors are currently onsite on Sangihe Island, finalizing the proposed plant location and supporting infrastructure layout.
Mr. Terrence Filbert, Chairman and CEO of Baru Gold, said he believes Production Operations will be approved by the ESDM. He added that the company is using this period productively while awaiting final approvals. He said that by advancing site preparation, and detailed operational planning in parallel, they aim to significantly reduce the time from receipt of operational approval to first gold pour.
The Sangihe Gold Project is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi, and has a gold-bearing area of approximately 25,000 ha. Sangihe has an existing National Instrument 43-101 report suitable for mining planning and production schedules for an area within the 65-ha area targeted for initial production. Only 10% of the gold-bearing area has been explored.
The company’s 70-percent interest in the Sangihe-mineral-tenement Contract of Work (CoW) is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-percent interest in TMS is held by other Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project. Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.
Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia.
Source: Baru Gold Corp
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