Business
Completion of BKM Feasibility Study ITE Report
Completion of BKM Feasibility Study ITE Report.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n\n15 May 2025\nAsiamet Resources Limited\n(\"Asiamet\" or the \"Company\")\n \nCompletion of BKM Stage 1 Feasibility Study ITE Report\n \nAsiamet Resources Limited (AIM: ARS) is pleased to announce that it has received the final completed Independent Technical Expert (\"ITE\") Report on the BKM Stage 1 Optimised Feasibility Study (\"Feasibility Study\"), marking the completion of a key technical input required for the project financing lender due diligence process.\n \nKey Highlights:\n \n· Final ITE Report received: A key requirement for progressing engagement with potential debt financiers.\n· Alignment of Feasibility Study: ITE actively involved during Feasibility Study finalisation to ensure it met key technical and commercial standards required by project lenders.\n· Financing Transition: With all technical workstreams now complete, Asiamet is preparing to initiate formal project financing engagement with lenders and intends to confirm the commencement of this process shortly.\nThe ITE review was undertaken by Behre Dolbear Australia (\"BDA\"), a subsidiary of Behre Dolbear and Company Inc, a global mineral industry consulting group, specialising in independent due diligence reviews. The ITE review commenced in December 2024 and included site visits in December 2024 and January 2025. The review was conducted in parallel with the finalisation of the Feasibility Study over a period of five-months.\nBKM Stage 1 is a simplified copper heap leach project targeting near-surface, higher soluble copper material. It is expected to produce approximately 10,000 tonnes per annum of LME grade A copper cathode, providing the foundation for substantial upside from the broader KSK contract of work as part of Asiamet's staged, long-term development strategy.\n \nWith the Feasibility Study and ITE Report now complete, the Company is in the process of preparing a data room to facilitate the structured engagement process with project finance lenders who have been awaiting completion of the updated study to commence formal due diligence.\n \nDarryn McClelland, Asiamet's Chief Executive Officer, commented:\n \n\"Receiving the final ITE Report so soon after the release of the BKM Stage 1 Feasibility Study marks a major milestone for Asia...