Business
Business Update - BKM Copper Project
Business Update - BKM Copper Project.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4114A\n Asiamet Resources Limited\n 01 June 2021\n \n \n \n \n 1 June 2021\n \n \n Business Update - BKM Copper Project\n \n \n \n \n \n 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.\n \n \n \n \n \n Highlights\n \n \n · \n 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. \n \n \n · \n 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. \n \n \n · \n 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.\n \n \n · \n 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.\n \n \n · \n 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.\n \n \n \n \n \n Value Enhancement Activities \n \n \n Value engineering activities related to developing the BKM copper mine using tank leach processing (vs Heap Leach) is making solid progress. As part of this workstream, consultants NewPro engineering will review the capital and operating cost estimates for the project. \n \n \n \n \n \n Asiamet expects to receive the revised estimates by mid-late July 2021 and will then complete an update of the project economics. The project team led by Andrew Neale are also reviewing important initiatives related to logistics, reducing power and environmental costs. \n \n \n \n \n \n Field Activities - Drilling and IP Geophysics\n \n \n Field activities have commenced at site in...