OTML OPERATIONS CONTINUE AMIDST DRY WEATHER SPELL

"OTML vessels are stranded in the Fly River unable to deliver critical supplies into Kiunga"

(Photo 1: The low river level exposing sand banks at Kiunga water front today (Monday December 10.)

Ok Tedi Mining Limited (OTML) operations in mining and processing continue despite the dry weather spell in the Western Province.

OTML management has not activated dry weather measures at this stage, but continues to carefully monitor weather forecasts and stocks of critical supplies including food, diesel and urgent parts.

Over the past 25 days rainfall has been negligible. Most OTML vessels are stranded in the Fly River unable to deliver critical supplies into Kiunga or shipments of copper concentrate out. At a minimum, occasional heavy storms are needed in the Fly River catchment to allow vessels to transit through the shallows.

The Company will release further updates should the dry spell continue.

Kiunga Chief at general cargo wharf and Fly Resilience at copper wharf. The Fly Challenger, some distance from the wharf, is loaded with copper but anchored and waiting for improvement in river level before departure today (Monday December 10).
Photo 3: Kiunga Chief at general cargo wharf and Fly Resilience alongside copper wharf loaded with copper and waiting improvement in river level before departure today (Monday December 10)
VIA MEDIA RELEASE
December 11, 2018