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BKM Maiden Ore Reserve
BKM Maiden Ore Reserve.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 2894C Asiamet Resources Limited 14 June 2019 \n\n \n14 June 2019 \n \nBKM Maiden Ore Reserve\n \nAsiamet Resources Limited (\"Asiamet\", \"ARS\", or the \"Company\") is pleased to announce a maiden Ore Reserve for the Beruang Kanan Main (\"BKM\") copper deposit located in Central Kalimantan, Indonesia. Asiamet holds a 100% interest in BKM project through its operating subsidiary PT Kalimantan Suraya Kencana (PT KSK). The Statement of Ore Reserves in Table 1 completed by Australian Mine Design and Development Pty Ltd (\"AMDAD\") is reported in accordance with the requirements of the 2012 JORC Code.\nHighlights:\n· BKM 2019 Ore Reserves (JORC Code 2012) comprise: \n· 21.1Mt @ 0.6% Cu for 137k contained tonnes of copper in the Proved category \n· 30.4Mt @ 0.5% Cu, for 166k contained tonnes of copper in the Probable category \n· 51.5Mt @ 0.6% Cu, for 303k contained tonnes of copper in the Proved and Probable category \n· Ore Reserves are for the extraction by open-pit mining and processing by heap-leach and Solvent Extraction - Electrowinning (\"SX-EW\")\n· Very strong conversion of Measured and Indicated Resource to Reserve highlights positive attributes and robustness of the BKM deposit. \n· 94% conversion of Measure and Indicated Resource tons to Proven and Probable Ore Reserve (tonnes) and 74% conversion of Total Resource to Total Ore Reserves (tonnes)\n \nPeter Bird, Asiamet's Chief Executive Officer commented: \n\"We are very pleased to deliver a maiden Ore Reserve for the BKM copper project, a major milestone which assesses the economic viability of the project. Ore Reserves represent that part of the Resource base which can be economically extracted using the parameters defined in the BKM Feasibility Study and provide the underlying foundations of the project. The very strong conversion of Resource to Reserve tonnages fully validates our belief that the BKM project represents a robust mid-size copper project with excellent potential for mine life extensions through further exploration and development. \nThe BKM project lies in a very prospective minera...