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BKM Copper Project Update - Capital Cost Estimate
BKM Copper Project Update - Capital Cost Estimate.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \n \n 20 March 2023\n \n \n \n \n \n \n BKM Copper Project FS Update\n \n \n - Capital Cost Estimate\n \n \n \n \n \n \n \n \n Asiamet Resources Limited (\"Asiamet\" or \"the Company\") is very pleased to advise that the workstream relating to the Capital Cost Estimate (\"Capex\" or \"Capex Estimate\") for the BKM Copper Project (\"BKM Copper\") has recently concluded with exceptionally positive results.\n \n \n The updated BKM Feasibility Study (\"FS\") capital cost estimate based on high confidence, present day input cost forecasts is $236.5 million[1] (including $26.6 million in growth allowance & contingency), only slightly above the $223.4 million capital estimate for the 2019 study. The Company considers this to be an exceptional outcome in the current highly inflationary environment being experienced by mining projects globally. Initiatives undertaken to re-size the project and deliver a higher margin / more profitable, smaller footprint project have also served to significantly de-risk the project capital cost and are highly encouraging for the overall economics of the BKM Copper Project.\n \n \n \n Highlights\n \n \n \n · \n Updated Capital Cost Estimate (inc. $26.6M contingency) of $236.5M1 considered to be an exceptional outcome vs significant industry cost inflation,\n \n \n · \n Project capital costs significantly de-risked and highly encouraging for the overall economics of BKM, which remains a robust and attractive copper project which is forecast to generate more than USD 1.3 Billion in revenues over its mine life higher long term copper price projections,\n \n \n ·\n Significant opportunity remains for further optimisation of Capex post delivery of FS,\n \n \n · \n Full BKM Copper Feasibility Study nearing completion pending delivery of full operating cost model,\n \n \n ·\n Completion of updated feasibility study enables financing process for development of BKM which in turn unlocks the very considerable upside potential identified on the KSK CoW, including the larger BKM sulphide copper resource and the high-value BKZ polymetallic project.\n \n \n \n Key reasons control of Capex costs have been realised:\n \n \n \n ·\n Reduced scope/size of the project leading to:\n \n \n o \n Reduced mine/waste rock dump footprint (area reduced by 17% compared to 2019 FS)\...