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Preliminary Economic Assessment Underway on BKM...
Preliminary Economic Assessment Underway on BKM....
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n Preliminary Economic Assessment Underway on BKM Copper DepositAsiamet Resources Limited (\"ARS\" or the \"Company\") is pleased to advise that a Preliminary Economic Assessment (PEA) on the Beruang Kanan Main (\"BKM\") deposit within the Company's 100% owned KSK Contract of Work in Kalimantan, Indonesia, is well underway and advancing to plan. The independent PEA is being overseen by Orelogy, an Australian mine planning consultancy company, and is expected to be delivered at the end of the first quarter this year. The PEA is evaluating the economics of developing an open pit mine and heap leach SX-EW processing facility that takes advantage of the near surface copper resources delineated in the 2015 BKM Resource estimate (ARS NR October 21, 2015). Deliverables of the PEA include:A conceptual mining study including an independent scoping level engineering analysis An estimation of the capital investment required to develop and sustain the operationsProvision of a conceptual operating plan and associated operating costs for the projectAn analysis of the potential economic value of the project based on the capital and operating cost estimatesProvision of a conceptual development plan and timeline for the project A basic risk assessment to determine any fatal flaws and areas of sensitivity requiring particular attention in future studiesDefinition of the scopes of work required for any bankable feasibility study to be undertaken on the projectThis initial phase of project design, engineering and economic/financial evaluation of the BKM project represents the most important milestone in the life of the company to date and a group of highly experienced consultants have been assembled to undertake the various components of the PEA including:Hackman and Associates - Resources Orelogy - mining engineering, mine capital and operating cost estimates, economic analysis Miller Metallurgical Services - metallurgy, processing methods, process design DRA Pacific - project infrastructure, site development related capital and operating costs, roads, power, water, mine and process plant infrastructure, accommodation, site utilities and services Resindo - transport and logistics All consultants have commenced work and the momentum of activities is accelerating following the Christmas-New Year period.The critical phase II meta...