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Asiamet Resources Limited: Business Update
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Asiamet Resources Limited (“Asiamet” or the “Company”) is pleased to provide the following update with respect to its BKM copper development project and the Kalimantan Suraya Kencana Contract of Work (“KSK CoW”) located in Central Kalimantan, Indonesia.

COVID-19 Update

Over the past two months there has been a very significant and rapid increase in the number of COVID-19 infections across Indonesia. As a result, the Government of Indonesia has implemented a series of lockdowns and extensive travel restrictions with many businesses and government departments working at a reduced capacity, remotely or from home.  Infection has directly impacted a number of our staff and contractors, and travel restrictions have slowed progress on our various workstreams.

The health and safety of our staff, contractors, local communities, and all stakeholders to the project remains of the highest priority to the Company and we have implemented strict COVID-19 protocols with respect to testing, isolation and medical treatment for anyone associated with site-based activities. 

Value Engineering Activities

Value engineering activities are progressing to plan.  A first pass detailed report has been received from NewPro Consulting and Engineering Services which provides capital and operating cost estimates for both tank leach and copper rich pyrite concentrate processing options compared with the heap leach option in the 2019 Feasibility Study.  An internal review of this report is in progress and an update of the economic models for the BKM copper project are being run.



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