Business
Production Licence for Beutong Project
Production Licence for Beutong Project.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 1659B Asiamet Resources Limited 08 January 2018 \n\n \n \nFor Immediate Release London AIM\n \nJanuary 8, 2018 Symbol: ARS\n \n \n \n \nAsiamet Receives Production Licence for 5.3Blb Cu, 2.1Moz Au Beutong Project \n \nAsiamet Resources Limited (\"ARS\" or the \"Company\") is pleased to announce that PT Emas Mineral Murni (\"EMM\") has been granted the key production licence, Izin Usaha Pertambangan Operasi Produksi \"IUP-OP\" required to advance the Beutong Copper-Gold Project (\"Beutong\") to the development stage. Beutong is located in Nagan Raya Regency, Aceh, Indonesia. \n \nHighlights\n· A major de-risking milestone for the Beutong project securing long-term licence for +20 years\n· Beutong is a large high-quality copper, gold, silver, molybdenum deposit which outcrops at surface and remains open in several directions including to depth. Current JORC compliant Resources contain 2.4Mt (5.3BIb) copper, 2.1Moz gold and 20.6Moz silver\n· Geology indicates potential for the discovery of a deep high-grade copper-gold zone similar to that seen in some of the giant Asia-Pacific porphyry systems\n· Asiamet has a 40% equity interest in the Beutong Project which subject to meeting certain expenditure and site based activity milestones can increase to 80%.\n· The Beutong deposit is very well located with res...