Business
Positive Results for Key Inputs to 2022 FS Update
Positive Results for Key Inputs to 2022 FS Update.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \n \n 14 November 2022\n \n \n \n \n \n \n \n \n Asiamet BKM Copper Project - Positive Results for Key Inputs to 2022 FS Update\n \n \n \n \n \n \n \n \n Asiamet Resources Limited (\"Asiamet\" or the \"Company\") is pleased to announce further positive results from studies being completed as part of the 2022 feasibility study (FS) update for its BKM copper project located in Central Kalimantan, Indonesia\n \n \n As part of the ongoing studies and optimisation process for the 2022 FS update, the following key operating inputs are expected to provide significant benefits for the project including:\n \n \n ·\n An estimated 50% reduction in sulphuric acid consumption over the life of mine compared to the 2019 feasibility study.\n \n \n ·\n Additional climate data for the BKM site indicating reduction in mean annual rainfall assumptions by 18% with positive impacts on the modelled site water balance and a reduction in operating and capital costs to manage and treat site water.\n \n \n These items deliver substantial environmental and costs benefits to the BKM copper project.\n \n \n \n \n \n \n \n \n Darryn McClelland, Chief Executive Officer commented:\n \n \n \n \n \"The delivery of an up-to-date FS for the BKM Copper project is a necessity for advancing project financing. This update incorporates both the physical inputs and cost assumptions, all of which are inter-related and impact on the economic outcomes for the FS update. As such our team has been reshaping the project and pushing hard to deliver improvements which reduce the overall costs for the project in an environment of significant operating and capital cost inflation. The reduction in expected acid consumption and a reduction in the modelled annual average precipitation delivers significant environmental management and cost benefits to the project. We look forward to providing further market updates as the remaining study activities are completed.\"\n \n \n \n \n \n \n Details in relation to each of the abovementioned benefits is provided below.\n \n \n \n Sulphuric Acid Consumption\n \n \n \n Sulphuric Acid is a critical chemical reagent for nearly all metals recovery processes. The consumption and thus cost of sulphuric acid is usually a large component of the operating cost of metals recovery plants. With the rapidly increasing demand for ...