Business
BKM Copper Project Feasibility Study Advancing
BKM Copper Project Feasibility Study Advancing.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nAsiamet Resources Ltd. (ARS)BKM Copper Project Feasibility Study Advancing06-Oct-2017 / 11:15 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n \n\n \n\nFor Immediate Release London AIM\n\n \n\n6 October 2017 Symbol: ARS\n\n \n\n \n\n \n\nAsiamet BKM Copper Project Feasibility Study Advancing\n\n \n\nExcellent progress continues to be made on the Beruang Kanan Main (\"BKM\") Feasibility Study, encompassing all technical, commercial, environmental and community disciplines. \n\nFocus in the period since our recent successful capital raising has been as follows:\n\nMining and metallurgical engineering activity has been advancing through design and analytical work, utilising the recently updated BKM Resource information \n The metallurgical test-work program has significantly advanced through the column leaching phase and complementary laboratory work including physical (hydrodynamic) leach pad modelling to support leach pad optimisation has been initiated\n Shortlisted service providers covering the process engineering, power supply, and water management components of the BFS are being evaluated. Preferred vendors will be engaged shortly to accelerate these aspects of the study\nMine Engineering \n\nMine engineering activities ramping-up: Australian Mine Design and Development (\"AMDAD\") were engaged in 2016 to undertake the mining engineering components of the Feasibility Study. AMDAD has extensive and relevant experience working in Indonesia and in early 2017 completed a Project Definition Study (\"PDS\") for the BKM project (see RNS dated 22 March 2017) which built upon the planning from the Preliminary Economic Assessment (\"PEA\") to provide better definition for the Feasibility Study scope of work. The results of the AMDAD PDS provided a high level of confidence in advancing to a Bankable Feasibility Study (\"BFS\").\n\nAMDAD are now developing new mining cost models and re-running a series of pit optimisations based on the updated BKM Resource (see RNS dated 28 June 2017) and utilising more refined metallurgical and project planning information. \n\nMetallurgical Engineering\n\nMetallurgical test-work program continuing optimisation activities: David ...