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Updated Ore Reserve for BKM Stage 1
Updated Ore Reserve for BKM Stage 1.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n\n2 May 2025\nAsiamet Resources Limited\n(\"Asiamet\" or the \"Company\")\nUpdated Ore Reserve for BKM Stage 1\n \nAsiamet Resources Limited is pleased to announce an update to the Ore Reserve Estimate (\"ORE\") for its 100% owned BKM Stage 1 Copper Project (\"BKM\" or the \"Project\"), located in Central Kalimantan, Indonesia. This updated reserve is the cornerstone of the 2025 BKM Stage 1 Optimised Feasibility Study (\"OFS\"), which is expected to be published shortly.\nThe Statement of Ore Reserves (including the JORC Table 1 Section 4, Estimation and Reporting of Ore Reserves) for BKM was prepared by Australian Mine Design and Development Pty Ltd (\"AMDAD\") and is reported in accordance with the requirements of the JORC Code 2012. \nThis Reserve update forms an integral part of the technical disclosure required for the publication of the Optimised Feasibility Study (OFS) and reflects compliance with the JORC 2012 Code. The updated Ore Reserve Estimate supports transparent reporting, investor due diligence, and lender engagement, and ensures the forthcoming OFS is underpinned by a current, independently verified mineable inventory.\nA summary of the highlights of the Ore Reserve Estimate is detailed below.\nHighlights: 2025 BKM OFS Update:\n· BKM Stage 1 Ore Reserves now comprise:\no Proved Reserve Category: 15.0Mt @ 0.8% Cu for 117kt of contained copper\no Probable Reserve Category: 13.3Mt @ 0.7% Cu for 90kt of contained copper\no Total Ore Reserves : 28.3Mt @ 0.7% Cu for 207kt of contained copper\n· Waste Mined: 22.1Mt, low strip ratio of 0.8:1\n· Mining/Processing Method: Ore Reserves reported based on extraction by open-pit mining with heap-leach and solvent extraction / electro-winning (\"SX-EW\") processing\n· Reserve Basis: Ore Reserves are constrained by BKM Stage 1 Optimised Feasibility Study 2025 heap leach facility design\n \nDarryn McClelland, Asiamet's Chief Executive Officer, commented:\n\"The 2025 BKM Ore Reserve Estimate is the culmination of more than 15 months of technical work undertaken as part of the Optimised Feasibility Study. The Ore Reserve tonnage supports the Company's strategic decision to redesign the BKM heap leach facility and materially lower upfront construction capital by mining a lower...