Client News
Asiamet Resources Limited: Business Update – BKM Copper ProjectBusiness Update – BKM Copper Project
Asiamet Resources Limited (“Asiamet” or the “Company”) is pleased to provide an update with respect to several key workstreams in progress at the BKM copper development project and the Kalimantan Suraya Kencana Contract of Work (“KSK CoW”) located in Central Kalimantan, Indonesia.
Highlights
· Value Enhancement works related to transitioning the BKM copper mine development from a heap leach to tank leach processing route is making solid progress. Capex and Opex estimates expected in late July will be used as inputs to update the BKM project economics.
· Options for direct shipping of high grade, high value polymetallic ore from the BKZ deposit is being investigated with commodity trading companies for potential offtake or smelter feed. Required metallurgy work will be undertaken from the upcoming drilling programme.
· Field Activities – IP geophysical programme results due in July. Drilling high-priority targets for resource expansion proximal to BKM is planned to commence in June.
· Permitting and Community Engagement – continued strong progress on permitting front, with conditional approval for key Pinjam Pakai Permit expected over the next 4-6 weeks.
· Partner Discussions – BKM as one of few shovel ready copper projects in Asia is seeing strong interest from a number of Indonesian, Asian and US investors. Good progress is being made.
https://www.londonstockexchange.com/news-article/ARS/business-update-bkm-copper-project/14999133
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