Business
Updates BKM Copper Resource
Updates BKM Copper Resource.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 2893C Asiamet Resources Limited 14 June 2019 \n\n \n \n14 June 2019 \n \nAsiamet Updates BKM Copper Resource\n \nAsiamet Resources Limited (\"Asiamet\", \"ARS\", or the \"Company\") is pleased to announce an updated 2019 Mineral Resource Estimate (\"MRE\") for the Beruang Kanan Main (\"BKM\") copper deposit located in Central Kalimantan, Indonesia. Asiamet holds a 100% interest in BKM project through its operating subsidiary PT Kalimantan Suraya Kencana (PT KSK). The Statement of Mineral Resources was completed by Hackman & Associates (\"H&A\") and is reported in accordance with the requirements of the JORC Code 2012.\nHighlights:\n· BKM is a Feasibility Stage high-quality copper deposit outcropping at surface \n· BKM 2019 Mineral Resources (JORC 2012) at a 0.2% Cu cut-off grade comprise;\n· Total Resources of 69.6Mt @ 0.6% Cu for 451.9k of contained copper: \n· 20.6Mt @ 0.7% Cu for 148.5kt of contained copper in Measured Resource \n· 34.1Mt @ 0.6% Cu for 212.6kt of contained copper in Indicated Resource \n· 15Mt @ 0.6% Cu, for 90.8kt of contained copper in Inferred Resource\n· Updated Mineral Resources underpin Initial Ore Reserve Estimate for the BKM Feasibility Study \n· Resources are amenable to heap-leach Solvent Extraction Electro Winning (SX-EW) to produce copper cathode \n· Deposit remains open laterally and at depth. \n· Potential for further growth through drilling to expand the Resource envelope and upgrade the Resource confidence in several areas \n \nPeter Bird, Asiamet's Chief Executive Officer commented: \n\"We are pleased to deliver a further update of the Mineral Resource Estimate for the BKM copper project. This update incorporates our extensive historic drilling database with the latest results from the most recent (2018 and 2019) Resource delineation drill programmes designed to capture additional Resources and hence ore blocks at the boundaries of the pit shells, as well as upgrading some Inferred Resources into the Measur...