Business
Updated BKM Ore Reserve
Updated BKM Ore Reserve.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n\n10 May 2023\n \nUpdated BKM Ore Reserve\n \nAsiamet Resources Limited (Asiamet or the Company) is pleased to announce an update to the Ore Reserve Estimate (\"ORE\") for its 100% owned BKM Project, located in Central Kalimantan, Indonesia. This update is provided as part of the updated Feasibility Study (FS)[1]. The Statement of Ore Reserves (including the JORC Table 1 Section 4) for BKM was completed by Australian Mine Design and Development Pty Ltd (\"AMDAD\") and is reported in accordance with the requirements of the JORC Code 2012. \nA summary of the highlights of the Ore Reserve are detailed below:\nHighlights - 2023 BKM FS Update:\n· BKM Ore Reserves now comprise:\no 19.0Mt @ 0.7% Cu for 137kt of contained copper in the Proved Reserve category\no 21.8Mt @ 0.6% Cu for 135kt of contained copper in the Probable Reserve category\no 40.8Mt @ 0.7% Cu for 272kt of contained copper in the Proven and Probable Ore Reserves category\n· Low strip ratio of 1.2\n· Ore Reserves are reported based on extraction by open-pit mining and processing by heap-leach and solvent extraction / electro-winning (\"SX-EW\")\n \nDarryn McClelland, Asiamet's Chief Executive Officer commented:\n\"The BKM Ore Reserve Update is the culmination of workstreams completed over the last 12 months as part of the BKM Feasibility Study Update. It has been very pleasing to see consistency in the assessment of what is economic for the BKM project over the course of the latest study notwithstanding changing inputs. This gives the company a high level of confidence that we are targeting the best material in BKM for the heap leach project and can deliver on the expected production and financial outcomes. Developing the BKM heap leach project is the first step on the path that will see Asiamet unlock the potential of the BKM mineral district and the wider KSK Contract of Work.\"\n\n\n \nTable 1 The BKM Ore Reserve Estimate summarised in the table below, May 2023 (100% Basis)\n\n\n\n\n \n\n\n \n\n\nSoluble Copper\n\n\nTotal Copper\n\n\nSoluble Copper\n\n\nTotal Copper\n\n\n\n\nMt\n\n\n%\n\n\n%\n\n\nkt\n\n\nkt\n\n\n\n\nProved Ore\n\n\n19.0\n\n\n0.5\n\n\n0.7\n\n\n102\n\n\n137\n\n\n\n\nProbable Ore\n\n\n21.8\n\n\n0.4\n\n\n0.6\n\n\n95\n\n\n135\n\n\n\n\nTo...